The CEO of a massive private equity firm says he knows exactly what's going on with the 'non-recession' recession we're having right now

submitted by hfxB0oyA from fortune.com

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[–]Alphix 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (4 children)

Do you have access to the full article? I don't, but I'd like to read it.

[–]hfxB0oyA[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (3 children)

For sure. Here you go.

[–]Questionable 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (2 children)

I managed to read it by turning off page styles. I feel he only addressed the premise in the title by restating things that are currently known to be happening. Namely the effects, and not the root causes, or political implications. After which he 'Jim Cramered' a bit about how that things are fine.

[–]hfxB0oyA[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

I just found the premise to be interesting that essentially most of America is too asset poor to be affected by this kind of a recession.

[–]Questionable 2 insightful - 3 fun2 insightful - 2 fun3 insightful - 3 fun -  (0 children)

Hell, that's been me with every recession.

[–]BISH 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Yo. This is consistent with everything I've observed.

Gold is the only asset that isn't someone else's liability.

Silver also, but that market is so rigged.
All markets are rigged, but silver is extreme. It's a consumable industrial commodity.

[–]SoCo 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

What I got from this:

Most people in US are too poor to feel the initial phase of recession. It will crush the companies they rely on, first, before they feel it.

[–]TheMaharishi 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

As long as people depend on and let the bankers defraud them with pulled out the ass money aka fiat currency. Their economy will always bleed to the tune of inflation. Which most people don't really understand. They think it's some natural thing that just happens like the weather. When it is man made and under total control by the international bankers who run this shit planet. They pull money out their ass and lend it out at interest, your money loses value. That is what inflation is.