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Re: POLITICAL 'NOSTRADAMUS' PREDICTS WINNER ... 40-Year Streak Unbroken

By: De_Composed in 6TH POPE | Recommend this post (0)
Sun, 08 Sep 24 12:52 AM | 25 view(s)
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Msg. 57914 of 60008
(This msg. is a reply to 57905 by Zimbler0)

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Zimbler0:

Re: “...and I believe most people in America today believe the economy sucks.”
Agreed. But while TPTB MAY go back one day and declare us to be in a recession right now, there's no indication that they will. I've heard no pundits bemoaning the current recession, have you?

I'd argue that we're in an inflationary malaise. Inflation doesn't cause recessions. In fact, it's one of the mechanisms for getting out of one. Many argue that the Great Depression was extended by the Fed's unwillingness to loosen monetary policy and flood the economy with cash. That would have caused prices to soar but also would have made it easier for businesses to borrow money and grow.








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The above is a reply to the following message:
Re: POLITICAL 'NOSTRADAMUS' PREDICTS WINNER ... 40-Year Streak Unbroken
By: Zimbler0
in 6TH POPE
Sat, 07 Sep 24 11:49 PM
Msg. 57905 of 60008

>>>
5. Short term economy: The economy is not in recession during the election campaign. TRUE
6. Long term economy: Real per capita economic growth during the term equals or exceeds mean growth during the previous two terms. TRUE
>>>
The math is simple: If 6 or more of Lichtman’s keys are “false” for the the party that holds the White House, they will lose. If less than 6 keys are “false,” the incumbent party wins.

Decomposed > (By my reckoning, the tally was SEVEN false responses in May. See my responses in the green box, below. The prediction in May should therefore have been for Biden to lose.)

Zim : Personally, I feel 5 and 6 should be FALSE. 'We' can't go by ANY 'economic numbers' the biden/harris administration puts out . . . and I believe most people in America today believe the economy sucks.

Zim.


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