Another soft recession in 2024 with stock corrections to about 25% ?
Cost of living is out of control. Major correction needed to return to pre-2020 levels.
Lol. That means 80% of tech force will be laid offed
30-40% already laid off in the last 2 years
Stock correction of > 20% is called bear market. Recession is >2 quarters of negative growth. They are not the same things. I think we will see > 20% drawdown in stock market. But won’t see negative growth.
Seeing negative growth with this fake government pumping fake money like a drunken sailor is nearly impossible. I agree with Amazon. Buy the deep!
Maybe not 25%. Correction territory is 10 - 20% which seems likely to me.
Voo down from 480 to 450 which is close to 6% down already
First check out the definition of recession and GDP. Govt spending was included in GDP for this day. This is upside down economics. We will not see a recession. The policy makers will not let the cracks show up as much as possible. Not until next year.
Policy makers in Nov 2023 expected 3 rate cuts jn 2024 Now there’s 3.5% inflation and policy makers are in no rush to cut rates In all honesty policy makers goal is just to get inflation under 2% and don’t care if it’ll cause recession or stagflation
They allowed markets to price in 6-7 rate cuts for a long time. It’s not only about what cuts you do. It’s also about what cuts are implied. If you declare we will no longer raise rates, it’s like declaring victory when inflation is bottoming. They know that inflation will not go below 3% sustainably. They are only extending this drama long enough so that people will become used to getting fleeced in the “new normal”.
India
Yesterday
673
'Hindutva': The Radical Hindu Ideology That Seeks to 'Push Christianity Out of India’
Tech Industry
Yesterday
346
How to become a Millionaire
World Conflicts
Yesterday
475
Why I Find Free Palestine Inspiring
Personal Finance
Yesterday
1250
Thank you AAPL and NVDA
World Conflicts
Yesterday
541
Is "From the River to the Sea" So Wrong?
CMBS is about to collapse. Nobody’s talking about it. All those coming due this year. lol
Why would they collapse? There are far fewer risky mortgages than there were in 08 and arm usage is still much lower.
^ found an idiot who knows nothing about commercial lending