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re: Taking a poll: Who thinks and why:

Posted on 5/28/23 at 9:58 am to
Posted by GhostOfFreedom
Member since Jan 2021
11716 posts
Posted on 5/28/23 at 9:58 am to
We have been in a recession from the time a year ago that the Biden administration changed the traditional definition of a recession.

Posted by NC_Tigah
Carolinas
Member since Sep 2003
123946 posts
Posted on 5/28/23 at 10:20 pm to
quote:

2. We will enter a recession in next 3 months
6 months
Posted by KWL85
Member since Mar 2023
1165 posts
Posted on 5/29/23 at 3:58 pm to
3. Although markets could certainly go down. No recession any time soon, though.
Posted by Thomas98
Member since Nov 2009
50 posts
Posted on 5/30/23 at 1:41 am to
Eventually the higher rates are going to crush people. I have several friends in Lending. They are telling me rates are only going up on mortgages, credit cards, and other types of loans. That's not going to end well for most people. I do 100% agree with your last thought.
Posted by Warfox
B.R. Native (now in MA)
Member since Apr 2017
3149 posts
Posted on 5/31/23 at 11:52 am to
quote:

It's really this simple. All markets are fricked. I don't understand how you guys can't look at these markets objectively and not see we are on the edge of a cliff.

Commercial Real Estate - Everyone bought with ballon loans coming due with rents that can't support the new interest rates. 100% fricked.

Residential Real Estate - Transaction levels are approaching lock down velocity with interest rates showing no sign of coming down. Only thing keeping it from crashing is low unemployment rates. If we hang on to low unemployment, we might can weather this storm.

Stock Market - Much harder to predict as people much smarter than myself frick up their predictions all the time. My personal guess is we have many more banks go under due to the high interest rate environment that spreads throughout the market.

Crypto - LOL. fricked (but still stacking)

We have been living in a low interest rate bubble since 2008 and those days are over.

If the Feds pivot and drop rates then yes, everything goes back up while sacrificing what is left of the dollar.

OP - Yes. 100% Recession in 2-6 months.


All of the above, and I’ll add on:

meltdown of world economic markets in 2024 with subsequent institution of a digital currency.
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