I have observed that blind is obsessed with recession even though there is no sign of one and economy is very healthy. TC: 160K
The market’s been on a 10 year bull run. Has to end eventually.
Probably the virus will kill the bull
Yep, all the trained economists here making educated statements 👍🏼
Better than your useless sarcastic statement. The economy operates through the business cycle as it follows its long term growth trend. Periods of expansion are necessarily followed by contraction. Recessions are inevitable.
Damn, thanks for letting me know. Now I understand!
stonks go up
I'm curious if blinds has always been obsessed with recession or is it recent? I only joined lately.
Ppl have been prophecying recession for the last 4 years
So what you mean to say ? Isnt recession already started with rising layoffs
I have been hearing about recession here and there but the problem is recession is not just connected with healthy economy there are other aspects which comes in consideration where we might be lacking some knowledge of. Here in chicago i see a lot of layoffs and i have been hearing of more houses and businesses going on sale so i believe there is something coming don't know if its recession.
Thanks for insights into Chicago
Well, there are signs. Those signals like inverted yield curve are all signs. But then you have reducing interest rates which also affects the outcome. Consumer debt is very high, might catch up with buying power eventually. But none of these things guarantee recession.
Even broken clock is correct twice a day :)
It’ll come. It always does. It always has. We live in a pump and dump economic situation. It is easy to see. But we don’t care; nor do people live within their means. America! Unfortunately with the: Yield curve 1.2 Trillion in car loans 1.5 Trillion in student loans $3.9 Trillion Total Outstanding U.S. Consumer Debt: $1.03 Trillion Total revolving debt $10 Trillion Mortgage Debt 41.2% of all households carry some sort of credit card debt. All these tech companies shedding “fat” means they are prepping to be “lean” for shareholders during conference calls and it keeps the stock stable.
It will come, but not because of these numbers. Numbers above are completely useless.
I think people think everything happens like 2008. People should read about previous dips in the economy which were very siloed and didn’t affect everyone. 1989 is a good example. There’s a reason 2008 freaks everyone out, it was unusual.
It's good to be a skeptic.