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Started By
Message
So is the US heading for another recession?
Posted on 1/7/16 at 6:11 pm
Posted on 1/7/16 at 6:11 pm
I follow the economy but am not an expert. What do the recent economic trends mean for the future. I wanted to start looking for a better job, but am worried about the economy.
10
Posted on 1/7/16 at 6:15 pm to iamAG
No - and if we are, 2008 taught you how to capitalize on a downswing.
Posted on 1/7/16 at 6:18 pm to iamAG
its always possible, its been a few years since we have been in one. So its a risk. the thing is we didn't have much growth when we werent in one. You could argue (technically wrong) that we never left the last recession.
the thing is job growth appears to still be chugging along. In my industry, job growth is amazing. We have a shortage of workers, and salaries are growing 10%+ a year.
But anytime you see a major economic power like china having the problems they are having, it could cause problems for us. The thing is that china sells more to us than we do to them. So a recession there is going to be less problematic than say canada or mexico. Or even the problems we had in the EU.
the thing is job growth appears to still be chugging along. In my industry, job growth is amazing. We have a shortage of workers, and salaries are growing 10%+ a year.
But anytime you see a major economic power like china having the problems they are having, it could cause problems for us. The thing is that china sells more to us than we do to them. So a recession there is going to be less problematic than say canada or mexico. Or even the problems we had in the EU.
Posted on 1/7/16 at 6:21 pm to Hawkeye95
Out of curiosity what do you do?
Posted on 1/7/16 at 6:24 pm to Hawkeye95
quote:
But anytime you see a major economic power like china having the problems they are having, it could cause problems for us.
Haven't we known for years now that the China bubble would eventually bust?
Posted on 1/7/16 at 7:10 pm to iamAG
The US has never entered a recession because of an oil crash. Bear markets are born in euphoria not fear.
Posted on 1/7/16 at 7:22 pm to iamAG
IMO it will head that way (if it isn't already) in the next 18 months. Specific, I know...
Posted on 1/7/16 at 8:09 pm to iamAG
Yes, we will be there by morning. What can you sell me?
Posted on 1/8/16 at 10:39 am to iamAG
quote:
Out of curiosity what do you do?
nothing finance related, but I have a masters in finance. And I follow econ related topics closely.
quote:
Haven't we known for years now that the China bubble would eventually bust?
yep. Its going to suck for them for at least a decade.
Posted on 1/8/16 at 2:16 pm to iamAG
It's not going to be like 08 but it is going to get interesting.
China has a nice cash reserve and because the govt runs the economy they can devalue their currency to ease the pain.
As mentioned lots of buying opportunity in 16.
China has a nice cash reserve and because the govt runs the economy they can devalue their currency to ease the pain.
As mentioned lots of buying opportunity in 16.
Posted on 1/8/16 at 3:01 pm to Lakeboy7
Market lost another percent running towards the closing bell today. Very bearish week all in all. Interested to see how much longer to wait and buy heavy. Might not want to wait too much longer
Posted on 1/8/16 at 3:02 pm to iamAG
I don't foresee another recession, but I do think we are entering a bear market for a while. Like someone else said, good buying opportunities in 2016, but the bottom's not going to fall out or anything.
Posted on 1/8/16 at 3:03 pm to HYDRebs
You don't think we'll go sub 15,000 before the dust truly settles?
Posted on 1/8/16 at 3:31 pm to iamAG
(no message)
This post was edited on 1/10/21 at 11:14 pm
Posted on 1/9/16 at 2:57 pm to iamAG
I don't think we're headed for a recession this year. This market downturn will lead to new market all time highs.
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