With so many layoffs happening from Tesla, OCI, PayPal, Walmart to what not, is this a start of bust or is the worst over? Will we see more bloodbath?
I was too young to see the dot com crash and just starting over during financial crisis.
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Just spend and save money reasonably. What else can you do? Switch to an “industry proof” career?
I don’t see the point of recession fear mongering.
Edit: except for the fact that you are already scared and misery loves company
A/ Lowering the interest rates and
B/ Inversion of the yield curve
When the recession hits, we’ll have hundreds of thousands jobs lost...
Layoffs in Walmart are worrying though. But hey, we haven’t had a recession in 10 yrs. does anyone really think the fed has eliminated the business cycle?
The last 2 recessions were associated with a massive bubble in some kind of asset (for dot coms it was tech stocks and the financial crisis it was housing) followed by a massive correction. What’s that asset today?
I can see the economy slowing down (it already is). That doesn’t mean it’s a recession. We’ve had incredible run of growth over the last 8-9 years.