Recession

Apr 6, 2020 46 Comments

Are we heading towards recession?
How difficult and long do you think it would be?
How shall we cope with this?

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TOP 46 Comments
  • TriNet
    OxxK37

    Go to company page TriNet

    OxxK37
    We are already in the recession. Unemployment counting gig workers is at greater than 10%. It has been so sudden, it may have not hit our collective consciousness yet( Clearly you at LinkedIn with your paid 6 week paid parental leaves live in a different bubble). This is going to be worse than 2008
    Apr 6, 2020 4
    • TriNet
      OxxK37

      Go to company page TriNet

      OxxK37
      You know more than me old timer , know nothing about 2001, still
      In school
      Apr 7, 2020
    • 2001 was only a bad recession if you were in silicon valley or owned a lot of tech stock. Unmployment nationally didn't go up much and GDP was barely negative.

      2008 was much worse for most people. This recession will be much deeper than 2008, but will probably only last a few quarters vs 2008 had high unemployment for years
      Apr 11, 2020
  • MobileIron / Eng
    nlm123

    Go to company page MobileIron Eng

    PRE
    Cisco
    nlm123
    No we are not going towards a recession.. this is an artificial shutdown of the economy and no doubt it will come back up as soon as we get a hold of the situation.. in the words of our president.. “it will be a beautiful thing”
    Apr 6, 2020 12
    • Amazon
      Stonks 📉

      Go to company page Amazon

      Stonks 📉
      EXACTLY! I don’t know why @nlm123 thinks economy is fine and everything will go back to normal once the economy reopens. That’s basically not a valid argument.
      Apr 6, 2020
    • Google
      VaPU02

      Go to company page Google

      VaPU02
      I know for a fact that my colleagues, family, and friends aren't trying to be a part of the second wave or any subsequent wave. The inertia to go out is gone. Even with a vaccine, it'll take a minute for people to feel comfortable going out again.
      Apr 6, 2020
  • Netflix
    foschizzle

    Go to company page Netflix

    foschizzle
    Yes we’re in a recession. It will last until we have a vaccine widely available, which can likely last until the end of the year. Only then will business really start to return to normal.

    But for small business, it’ll be a depression. No money to restart. The Fed money printer will likely not rain down on them or will have detrimental deflation ramifications that causes them to pull back. Restaurants will be shuttered. Unemployment at record highs and unsustainable. We will be bleeding trillions more in red ink.

    It’ll take several years to return to what we remember as normal. Clearly this will also lead to a slow decline in housing prices. Look for the bottom in housing around 4 years from now.
    Apr 6, 2020 3
    • Netflix
      foschizzle

      Go to company page Netflix

      foschizzle
      It will decline some by the end of the year. But it will take 4 years to fully bottom out nationally. I say 4 years because that’s how long every housing correction usually takes according to shiller’s studies. It doesn’t fall like a stock because people don’t buy and sell homes like stocks and will take a while to accept that their homes are not worth what they were during the peak. Housing nationally falls back in line with inflation adjusted appreciation after every correction.

      Obviously different areas will be more or less severe than others. Bay Area won’t fall as hard as Vegas. But the duration of the correction is pretty uniform.
      Apr 6, 2020
    • Dell
      LUHV04

      Go to company page Dell

      LUHV04
      Thanks Netflix
      Apr 7, 2020
  • Long time, the recession was artificially pushed back with the low interest rate and other factors. Corna just popped the bubble. The government is artificially holding up the stock market.
    Apr 6, 2020 0
  • New
    wineme

    New

    wineme
    Yes, we're heading towards a recession. Whether you use the consecutive quarters of GDP decline as the definition or any other metric we are in a recession. The entire world economy has stopped. Also, recessions don't care about the cause. Whether the cause is housing bubble, oil prices or disease, a recession is a recession.

    Unknown. Your guess is as good as anyone. My guess is it'll be at least 6 months before anything remotely returns to "normal". Then it'll be another year or two to get going again.

    Unfortunately there's no much you can do on the macro level. You can only control yourself and your actions. Know that during your lifetime you will see multiple recessions. You will be get laid off. You will go through uncertain times. Everyone will. Beyond your control. We will eventually get through this.
    Apr 8, 2020 2