Risk of US recession 35% as Russia wages
war in Ukraine: Goldman Sachs
Posted By: Happy Place USA, 3/11/2022 2:54:31 PM
Goldman Sachs slashed its U.S. growth forecast and is warning that a recession could occur after Russia invaded Ukraine. The financial services giant cut its forecast gross domestic product growth for the United States to 1.75% this year after previously forecasting a 2% increase in GDP. The downgrade comes as Russian forces continue their invasion of Ukraine, a war that has resulted in soaring energy prices and crippling sanctions for Moscow. “We now see the risk that the U.S. enters a recession during the next year as broadly in line with the 20-35% odds currently implied by models based on the slope of the yield curve,”
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Goldman Sachs slashed its U.S. growth forecast and is warning that a recession could occur after Russia invaded Ukraine.
The financial services giant cut its forecast gross domestic product growth for the United States to 1.75% this year after previously forecasting a 2% increase in GDP. The downgrade comes as Russian forces continue their invasion of Ukraine, a war that has resulted in soaring energy prices and crippling sanctions for Moscow.
“We now see the risk that the U.S. enters a recession during the next year as broadly in line with the 20-35% odds currently implied by models based on the slope of the yield curve,”
President Joe Biden's response to the Russia-Ukraine war has boosted his popularity, yet pollsters warn that the reprieve may be brief before November's midterm elections.
The bloody conflict between Russia and Ukraine, half a world away, has created "a short-term bottom" for public opinion of Biden, according to Suffolk University pollster David Paleologos.
"Prior to the State of the Union address, approval ratings in the high 30s were a regular occurrence," the Suffolk University Political Research Center director told the Washington Examiner. "Since the State of the Union, Biden's approval has settled into the low to mid-40s, suggesting a short-term bump."
In August, when Joe Biden oversaw one of the worst military disasters in American history – otherwise known as the Afghanistan withdrawal – it was clear that the US, and indeed the world, would be feeling the negative repercussions for years. The full force of those consequences is already been felt in Ukraine, and we’re beginning to see other side effects with Taiwan. And just when we thought things couldn’t get any worse, here comes Kim Jung Un to get in on the act in North Korea.
The collateral damage from the Afghanistan debacle was widespread. After eighteen consecutive months with zero combat casualties, Biden’s abandonment last summer
Griner’s arrest and potential sentencing could and should be a huge wakeup call for obnoxious social justice warriors who are blind to how good they have it in America.
Despite allegedly happening a few weeks ago, news is now circulating that WNBA standout Brittney Griner is being detained in Russia for the reported crime of traveling with hashish oil. The charge comes with a possible sentence of up to ten years in prison.
There isn’t a whole of new information at this point, with her agent, Lindsay Kagawa Colas saying that:
“We are aware of the situation with Brittney Griner in Russia
German officials have ensured that Russian billionaire Alisher Usmanov won't be able to relax on his lavish yacht while Russian firepower pummels Ukraine, according to a new report.
Authorities this week seized his treasured $600 million, 512-foot yacht Dilbar, which was being refitted in a German shipyard, sources told Forbes. The seizure came in response to European Union sanctions against Usmanov and other oligarchs Monday over Russia's deadly invasion of Ukraine.
"On 28 February 2022 I became the target of restrictive measures imposed by the European Union I believe that such decision is unfair,
Ukraine is a manageable localized problem in a distant part of the world and Russia is going to manage it. The American crisis of confidence in its own operating system is something else.
Did “Joe Biden’s” handlers actually want to start World War Three? They are the same posse who contrived the Russian Collusion hysteria of 2016-19, then launched Covid-19 — and the even more deadly mass “vaccination” response to it — and have now successfully goaded Russia into cleaning up the international hub of grift and mischief known as Ukraine. One thing established for sure as fact: the “Joe Biden” family received plenty of cash off that grift wagon,
Russian President Vladimir Putin’s open threat to use nuclear weapons against NATO allies supporting Ukraine appears to European officials to be a watershed in high-stakes brinkmanship which could foreshadow a new level of carnage in Ukraine.
The threat is, first, sign of “desperation and frustration by Putin,” a European official whose country emerged from behind the Iron Curtain after the fall of the Soviet Union told the Washington Examiner. "And secondly, as psychological pressure to the West before his major escalation in Ukraine (most likely in the coming days).”
Everything is racist nowadays. Bike helmets are vestiges of Jim Crow, at least according to the city of Seattle. Who knew? I suppose swimming pools are racist too if one considers the hazards for sinking among certain, shall we say, racial demographics. I will await the defund public pools movement.
Donald Trump is racist. His supporters are racist. The Canadian trucker convoy is racist. And now, add the concept of freedom to the list. Yes, freedom is racist. Quick, someone tell Harriet Tubman! That bigoted woman transported tons of racism across the Ohio River.
The weird thing about Utah is that while its patriotic, conservative citizens will elect winners like the ever-amusing Orrin Hatch, they are also suckers for prissy invertebrates like Mitt Romney. And now Evan McMullin, the slightly less-lumpy doppelgänger of Brian Stelter (who is a potato), has taken a break from dodging his creditors from his last Toobin Zoom call of a presidential campaign to enter the Utah Senate race against conservative stalwart Senator Mike Lee. McMuffin has got the full backing of the Lincoln Project types, though it might be a hassle campaigning when his biggest supporters can’t come within 1000 feet of a middle school.
Russia will hold a major nuclear exercise involving wide-ranging missile drills tomorrow including around Crimea and the Black Sea that will include launching ballistic and cruise missiles, the Kremlin has announced.
The exercise, which will be overseen by Vladimir Putin himself, will involve Russia's aerospace forces, its strategic missile command, Northern and Black Sea fleets and the Southern Military District - which covers Crimea and part of the border close to rebel-held areas in Ukraine.
It is designed to test the 'readiness' of commanders and troops as well as 'the reliability of weapons of strategic nuclear and non-nuclear forces'
President Joe Biden's sliding popularity has caused Democrats in competitive elections this November to distance themselves from their party's standard-bearer.
But Biden's approval problems could hamstring his own political aspirations, with polls indicating that Democrats would prefer another nominee on the ballot in 2024.
Two polls finding that Democrats support usurping Biden as their party's leader reflect "unhappiness" with the president's job so far, according to Democratic strategist Stefan Hankin.
As talks over a return to the 2015 Iran nuclear deal continue, Congress is upping scrutiny of President Joe Biden’s efforts to forge an agreement with Tehran that some argue needs provisions that extend for longer and stronger terms to contain the regime’s malign regional activity.
Twice last week, Biden’s envoy on Iran appeared in private hearings before Congress, a ratcheting up of pressure that points to fissures inside the Democratic Party over the policy.
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The year 2022 is shaping up to be a good year for the electoral prospects of the loyal opposition. Two years after losing the presidency — and then watching helplessly as Donald Trump’s petulance poisoned the Republican effort to win in Georgia and keep control of the Senate — the GOP is suddenly poised for a comeback in Congress. Inflation and rising gas prices, frustration with liberal political leaders who clung to COVID-19 restrictions well past their expiration date, and concerns about how the administration is handling the twin threats of Russia and China (to say nothing
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Former White House physician Ronny Jackson, who served in the role under the Obama and Trump administrations, said on Friday that Democrat President Joe Biden needed to immediately resign to spare putting the country through more suffering because Biden is not mentally fit to be president. “Biden doesn’t know what’s going on with Ukraine,” Jackson tweeted. “He doesn’t know what’s going on with ANYTHING! He’s not cognitively capable of leading. He needs to RESIGN before our country suffers any more.” (Tweet)
Breaking: CNN Expected To Make Big Changes;
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CNN continues to undergo massive changes coinciding with AT&T’s corporate handoff to new owner Discovery and the ouster of former company president Jeff Zucker. Zucker left, Chris Cuomo left, and sundry employees did the same as disgusting allegations of pedophilia came to light.
Ratings have been in a freefall ever since Brandon was inaugurated and over-the-top, fake news about Donald Trump couldn’t be manufactured for its unthinking viewership anymore. Covid panic porn has likewise lost its luster. So, in a battle for survival, the “news” network’s owners are realizing that simply making up hysteria after hysteria might not be a viable long-term plan.
Former U.S. Attorney General Bill Barr said he did not believe Donald Trump would win a 2022 presidential election bid because he's petty and divisive, and that his former boss is not his pick for commander-in-chief. Barr, 71, criticized the former president during an interview with CNN's Jake Tapper on Friday, admitting that he knew Trump was going to lose in 2020 because of his temper. 'He's not my idea of a president,' Barr said. 'I felt he was going to lose the election because he was not controlling himself.
Jussie Smollett, who faked a hate crime against himself in Chicago, was sentenced Thursday. Smollett was found guilty back in December, after he conspired with two men to make it seem as if Trump supporters had attacked him and tied a noose around his neck at 2:00 AM, in the middle of a polar vortex.
While he received an initial outpouring of support, including from Vice President Kamala Harris, it quickly became apparent that his story wasn’t adding up. Why was he out after midnight getting a sandwich in sub-zero temperatures? Why didn’t he call the police right away? Why did he leave the noose on until police got there?
President Joe Biden warned Russian President Vladimir Putin on Friday that any attack against NATO could spark World War III.The president spoke about the conflict at a House Democrat retreat in Philadelphia, vowing again to defend “every inch” of NATO territory from Putin and the Russians.
“Granted, if we respond, it is World War III, but we have a sacred obligation,” he said to his fellow Democrats.Biden reminded Putin he had deployed 12,000 American forces to NATO countries on the Eastern front to protect them.But Biden also warned fellow Democrats from urging on military action in Ukraine
The flu shot used during the 2021 to 2022 virus season was a poor match and did little to prevent circulation, a Centers for Disease Control and Prevention (CDC) report finds. Researchers found that the vaccine only reduced the number of mild influenza by 16 percent, which they do not consider statistically significant. The flu strain that struck America this year was of the H3N2 strain, one of the more dangerous versions of the virus, and the shot was not tailored to the specific version of the virus that ended up emerging. Experts had warned of a brutal flu season this year for months leading up to it,
President Joe Biden warned lawmakers attending the House Democratic Caucus Issues Conference Friday in Philadelphia that he'll have far less power next year if the Democrats lose Congress.'This off-year election, in my view, may be the most important off-year election in modern history. Because we know what happens, we know the fundamental change that shifts if we lose the House and Senate,' Biden told House Democrats. 'The only thing I'll have then is a veto pen.'Precedent and polling make Republicans look poised to take back control of the House, and possibly the Senate too,
President Joe Biden announced on Friday he will revoke Russia's 'most favored nation' trade status over its invasion of Ukraine, another step in the series of harsh economic sanctions he and U.S. allies have imposed on Moscow.
And he vowed Russian President Vladimir Putin would pay a 'severe price' if he uses chemical weapons in the Ukraine and said U.S. troops would not join the fight as not to provoke World War III.
Biden announced Russia's change in status of a trade partner in lockstep with the fellow G7 nations to make it an even heavier burden on Moscow to carry. The move will also deny Russia the ability to borrow money
Earthquake
27 replies
Earlier today Steve noted a Wall Street Journal poll that contains good news for Republicans and bad news for Democrats. There is an additional feature of that poll that deserves notice, as highlighted in the Journal’s article about it:
The survey also found Republicans making gains among minority groups. By 9 percentage points, Hispanic voters in the new poll said they would back a Republican candidate for Congress over a Democrat. The two parties had been tied among Hispanic voters in the Journal’s survey in November.
Democratic margins also eroded among Black voters, who favored a Democrat for Congress by 35 percentage points in the new survey, down from 56 points in November.
'The View' blames Kamala Harris criticism
on racism, misogyny: 'There's a racial
aspect to it' 27 replies
on racism, misogyny: 'There's a racial
aspect to it' 27 replies
The co-hosts of ABC's liberal daytime talk show "The View" complained Friday the criticism leveled against Vice President Kamala Harris over her performance while in Europe has been rated in racism and misogyny. (Snip) After a reporter asked a question about Ukrainian refugees, Harris and Duda appeared confused about who would answer the question, leading to Harris laughing while saying, "A friend in need is a friend indeed." Duda then offered to respond first and began speaking. Harris was ripped by critics following the exchange, accusing her of looking to Duda for help answering the question and slamming her for
I won’t lie: I’m a Tucker Carlson fan. He is willing to speak honestly about topics others ignore, sugarcoat, or lie about. Even when I don’t agree with him, I find him worthwhile, and never more so than his Friday night monologue about Biden’s latest, terrifying power grab and how our government is destroying the American economy. It was a tour de force and I cannot recommend it highly enough. Tucker opened with something I’d meant to write about and now don’t need to: Without a single pause, the Biden administration slipped effortlessly from COVID emergency powers
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And the hits just keep on comin'.