Is The U.S Approaching Another Recession?

Goldie

Goldie

Sounds like one of them good problems
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Shit man, ill take a recession.

Housing market crashing would be heaven. Im in the market for a house and I'm blessed to make good money so I'm looking at nice houses and shits gonna cost me like 7k a month. This is in North NJ. So 7k doesnt get you a castle. It gets you a 4-5 bedroom with 3 bathrooms and a nice backyard.

I can afford the 7k a month, but sheesh. If I ever get let go of my job, then Im fucked. I can get a job easily, but idk if I can get a job that pays as much as my current job.

So if you asking me, I'll take a recession. Crash the economy, let housing prices drop by about 30%, and then bring interest rates all the way the fuck down and let me buy that nice house for 5k a month.
 
after a inflation period a recession is around the corner to set thing from the fake inflation bullshit.

Get your money up people, grab a rental property or land when the prices on them tank. You may take a L for a year or two but when shit get right you'll be good.
 
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Most of the world is basically heading towards or are right above the line of decline into a recession.

Earth ghetto. 🤷🏿‍♂️
 
In my opinion we’ve been in one the whole time, we pretty much been running off debt and money printing all these past four years.


Praise God I managed avoid the blood bath in the markets today and yesterday. I watched from the sidelines after making some profitable trades in the previous three weeks. 😬
 
No we’re not heading for a crash, More of a correction. If anything recession will be localized to mismanaged states/Cities IE Florida who allowed inflation to run rampant knowing the state wasn’t growing organically. It appears the business groups are leaning towards Dems-To Mainstay the current compromise in Congress vs whatever Change the republicans will implement. Markets usually get choppy as we head towards National Elections.

I know a ton of businesses in Healthcare we’re hoping to restructure on a fed rate cut which never came so we’re seeing some consolidation.
 
Something’s about to happen. I feel like my stocks have stalled the last few weeks after some significant gains. I’m tempted to cash out but I’ll give it a couple days. If the shits gonna happen then fuck it get it over with.
 
U.S. stocks fell sharply on Monday as part of a global market sell-off centered around U.S. recession fears. Japan’s Nikkei 225 plunged 12% in its worst day since the 1987 Black Monday crash for Wall Street.

The Dow Jones Industrial Average dropped 972 points, or 2.4%. The Nasdaq Composite lost 3.4%, and the S&P 500 slid 2.8%. The blue-chip Dow earlier fell as much as 1200 points.

Fears of a U.S. recession were the main culprit for the global market meltdown after Friday’s disappointing July jobs report. Investors are also concerned that the Federal Reserve is behind in cutting interest rates to bolster an economic slowdown, with the central bank choosing instead to keep rates at the highest in two decades last week.
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At some point the rally was gonna end. Would've been better if the government wasn't so obsessed with a "soft landing" for election reasons. I don't think the doom and gloom is appropriate, though.
 
Swabbie said:
Salute, I hope you cash out bro.
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I dont plan to cash out. I just added to my indexes and other holdings. Gonna hold em for a good while. Just had to buy on the dip cause I dont expect another -5% opening for a while, and the fed gonna now for sure drop interest so all od this will be recovered and way more by September.

Personally wouldnt mind more drops though.
 
The great thing is if the US does have a recession, it’s that if it does, and you are affected, you were doing better than you thought you were doing, and when things recover, you’ll go forward knowing that you were winning and have a restart point better than most people.

If you are not affected, you’ve been in a recession and your life will go on as it has been, you essentially are recession proof because you don’t have the assets to be affected by the winds. Imagine being in the ship below the deck. The winds in the sails don’t affect you.

And those above the deck won’t let the ship sink, so either way, you’re good. If you’re week to week in funds, life doesn’t change for you.

If you have savings, there’s a big chance you’ll end up week to week, if not month to month, if you were year to year, and that’s the only way any of this matters.
 
grYmes said:
Something’s about to happen. I feel like my stocks have stalled the last few weeks after some significant gains. I’m tempted to cash out but I’ll give it a couple days. If the shits gonna happen then fuck it get it over with.
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Assuming you're financially stable it's times like these u should only be thinking about investing more disposable income. The last thing u should do is cash out.
 
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