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/biz/ - Business & Finance

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16712106 No.16712106 [Reply] [Original]

Goldman Sachs is saying the economy is nearly recession-proof

https://www.cnbc.com/2019/12/31/goldman-sachs-is-saying-the-economy-is-nearly-recession-proof.html

>> No.16712112

>>16712106
Isn’t that what they said in 2007?

>> No.16712122

>>16712112
No

>> No.16712145

the economy operates nearly automatically at this point, growth will continue until we run out of resources, which will never happen once we start commercial exploitation of space

>> No.16712241

>>16712145
Elaborate please?

>> No.16712246

They literally just said a recession is going to happen because of the inverted yield curve.

>> No.16712338
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16712338

>>16712246
https://www.trefis.com/stock/c/articles/476421/the-yield-curve-is-no-longer-inverted-has-the-u-s-economy-dodged-the-recession-bullet/2019-12-26
https://www.economist.com/united-states/2019/11/14/americas-yield-curve-is-no-longer-inverted
https://www.ai-cio.com/news/yield-curve-un-inverts-time-celebrate/

>> No.16712340

>>16712241
the major economic participants that drive markets have achieved such optimal mastery over short-term trends that capital wastage is minimal and transactions between players have optimized price points, those who cannot compete are subsumed by those who can, new players arise as needed, all gaps are filled as soon as they become apparent. money is continually created to provide bandwidth for these transactions. there is virtually no slack. these are the transactions that matter.

traditionally domestic fears are what lead to recession but domestic consumer spending has also been effectively automated in the form of subscription fees, and the contribution of domestic spending to gdp will become increasing irrelevant as automation increases, until the transactions between companies are truly the only ones that matter. the system of domestic consumer spending is simply a life support system, it keeps the majority of people in relative comfort, while also serving as a platform for liquidity exchange between the larger players. this is the real reason why wealth inequality is exponentially increasing, because the goods and services we regularly consume are themselves becoming increasingly worthless in a global context, meaning less and less “money” is required to obtain and make use of them. There will come a point where the domestic consumer spending system as we know it will disappear, even as the actual economy continues to develop perpendicularly to it

>> No.16712351

>>16712340
So would it be prudent to start investing in American equities rather than accumulating cash and waiting?

>> No.16712361
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16712361

>>16712351
Haven't you ever heard the saying that time in the market is better than timing the market?

>> No.16712368

>>16712361
I have; however, I was under the impression that all signs led to a major crash coming up.

>> No.16712373

>>16712112
haha ive been saying this constantly they WONT LET IT DIE!
>>16712246
they will pump it into oblivion.

>> No.16712443

What do you anons think of investing in munis?

>> No.16712476

BUY THE FUCKING DIP