Recession from 2021 Q4
Current stock markets and housing markets compare to 1999 and early 2000. Dow and nasdaq were up, houses were selling before they are listed with multiple offers. So I believe there's a recession looming by 2021 Q4. What do you think? Why or why not? #personalfinance #investments #recession #layoffs #housing #stockmarket
Dude, read the meaning of recession. We are already in a recession.
Corona recession was short lived. I am talking about a 2001 like longer recession
Isn’t the GDP still bad? I thought we are still in recession
If you had read in detail about each of your hash tags, you won’t have to post this.
Surely a greatest depression is nigh. I’ve correctly predicted 12 of the last 3 recessions; my powers of foresight shan’t fail me now.
I could see a slight decline and a more gradual recovery. The NASDAQ is high but that’s literally because every stock under is it doubling and tripling earnings expectations.
2021 is going to be the year of insolvency. Poorly diversified corporations and small businesses will likely be hit the worst as consumer behavioural patterns (and life) have and will continue to change as we all adapt. This will likely spark a period where those affected will be looking for bail outs, as masses of corp debt increase—much more than we’ve currently seen this year. Folks that went all in and over leveraged with mortgages and took on more risk this year as interest rates were low, could likely be in a position of struggle as they lose their jobs or household income shrinks. These are all of the longer tail effects of the extended quarantine starting to really set in. Think of the markets (and not just the equity markets) like legs on a stool, when the key supports that hold that stool in place are broken, it creates instability. It’s only a matter of time before it collapses. If you understand how markets are correlated, and how to read the internals, 2021 could be a profitable ride. Granted, “no one can predict these things”, and anything can happen, but logic says this has a high probability, and all we can do is be positioned to react if something like this does play out. Word of advice; be positioned well for a significant amount of volatility/uncertainty (investment risk exposure, savings, alternative income sources etc), and if you aren’t, start now. Also, help family members prepare that could be the most at risk (poor financial health, disposable employment etc). These are likely the one’s to suffer the most—always a tough one to watch in real-time.
This is why you work at google. Too much brain my guy hahaha
Haha, appreciate it Amazon. In truth, on paper, I’m a high school drop out that made it through life following interests with high aspirations and grit. Being gifted with having a great education was not on the cards I was dealt, experience and taking risk trump all.
My take is that if you take a look at the job market now, you can see the future. The job market now is very competitive because of very few openings and lots of candidates. When there are fewer new jobs and people lose jobs, then the housing market must go down.
The gap between rich and medium/low income class will likely get wider. Everything will be at a discount for them. And since they will be buying left and right with all the money biggies made from stocks I cannot see too much of a crash in housing prices. They may come out of stocks a bit though
2 years later and you’re correct!
Even though I had a hunch it is coming, didn't get out of the market and got stuck with losses just like others.
No one can predict these