A recession is coming ...
1. Weak economic data across US, Europe, China 2. Trade war 3. Housing market slowdown 4. Political uncertainty 5. Failed / cancelled IPOs 6. Inverted yield curve 7. S&P 500 losing steam 8. Inexplicable repo rate vol ... fasten your seatbelts! TC: 475K YOE: PhD + 10 yrs
yea I’m here baby.
I think the S&P has reached a big resistance at 3000. I would say we will go down for a little
Everyday for the last decade, some idiot has been saying this. The question is, which idiot will be accidentally correct?
There is always a recession coming. Even when we're coming out of a recession, because there's eventually going to be another one, this statement is true. It's not useful to say this, only useful to give a precise time, so we can all sell before that happens, and start the great self fulfilling prophecy.
My point is that there is a confluence of warning signs indicating an imminent recession. I'm predicting that it will happen before the 2020 election.
And my point is there is always a recession imminent. The only skill involved is in predicting exactly when it will happen. And I'm not so certain on that prediction of yours
Think, did anybody get too rich unfairly? In the Dotcom crisis it was tech startups, subprime was the mortgage lenders... who is it this time? I doubt the IPOs are enough to bring everybody down. Keep buying and cost average!
Wow, what a new and original thought
And yet several people think that the economy is doing great.
Cause it is. Inverted yield curve lasted how long?
Impeachment will trigger the recession, it will be a total mess.
Good, people need to stay the f*** at home. That lines at the mall is too damn along.
Old models don’t work as well in this new world. We’re in a new normal. Things can slow down but still easy to get whatever you want.
What new world? World of free money, unicorns and rainbows? Car market sucks, manufacturing slows down, corporate debt is a runaway train etc. the only thing that keeps this boat afloat is stupid president who keeps coming up with new tricks to inject more money into stock market. Shit will blow up and it’s gonna hurt, just like 2008
This. I'm holding ~40% of my net worth in cash so I can buy when markets tank.
Question is when?