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re: What do you think will be the "canary in the coal mine" for a recession?
Posted on 10/23/23 at 2:51 pm to sidewalkside
Posted on 10/23/23 at 2:51 pm to sidewalkside
People have been predicting a major collapse for 4 years. It will be a more gradual decrease that has already started than a major event.
1
Posted on 10/23/23 at 2:54 pm to sidewalkside
State government layoffs.
Posted on 10/23/23 at 2:54 pm to sidewalkside
Posted on 10/23/23 at 2:56 pm to athenslife101
quote:
Consumer purchasing is the key indicator….
People are still burying themselves in debt and not changing how they purchase. Unfortunately, this is going to end very poorly for everyone.
Posted on 10/23/23 at 2:57 pm to athenslife101
quote:
Consumer purchasing is the key indicator….
Not by expenditures. We are paying significantly more for significantly less. How is consumer spending monitored to account for costs?
Posted on 10/23/23 at 3:00 pm to WB Davis
quote:
When the OT has fewer than 3 new threads per day to complain about food prices
what kind of dual income you and your... SO pulling down for inflation not to effect you? fareplay was still whining about housing prices and they are pulling down north of 350k/year.
Posted on 10/23/23 at 3:14 pm to Klark Kent
A dead canary in a coal mine.
Posted on 10/23/23 at 3:31 pm to sidewalkside
Idk when recession is coming but considering tswift just made like a billion dollars on her tour I would say people still have A LOT of money to burn.
Posted on 10/23/23 at 4:59 pm to sidewalkside
We are in one now
Posted on 10/23/23 at 5:23 pm to El Segundo Guy
quote:
my blue collar nephew-in-law with zero education but a solid work ethic can't make ends meet.
Right now he's making over $100k a year working his butt off supporting his family with 9th grade education.
What are his expenses? I know people who have the same income and are doing well
Posted on 10/23/23 at 5:44 pm to sidewalkside
If you are now looking for signs you must be blind. We are and have been in a recession for multiple quarters.
Posted on 10/23/23 at 6:04 pm to sidewalkside
quote:
What specific indicator do you think will foretell a real recession?
When people who are either:
- Qualified and educated for white collar work
- Have a pulse and willing to do sweat work
Can't readily find a job.
Posted on 10/23/23 at 6:06 pm to sidewalkside
When little Caesar’s start closing everywhere because people are too poor to pay for $5 hot pizzas
Posted on 10/23/23 at 6:06 pm to Guetteur
quote:
We are and have been in a recession for multiple quarters.
If so, this has been the weakest recession ever.
It was be bad for many chicken littles out there when the economy really contracts.
Posted on 10/23/23 at 6:07 pm to AlumneyeJ93
quote:
When the flow of freight slows, an economic slow down usually follows. I think upwards of 90% of stuff moves via ocean freight and then that filters down to trains and trucking.
Has been happening for months.
Posted on 10/23/23 at 6:15 pm to Beessnax
Not a whole lot. It's rural Oklahoma.
Posted on 10/23/23 at 6:17 pm to sidewalkside
13 dollar packs of boneless chicken thighs
Posted on 10/23/23 at 6:32 pm to WB Davis
quote:
WB Davis
Biden voting cork soaker
Posted on 10/23/23 at 7:02 pm to sidewalkside
When they send me and the wife another $1,200 stimulus check that we don't need.
They went to the food bank we support.
They went to the food bank we support.
Posted on 10/23/23 at 7:05 pm to roadGator
cardboard boxes........Last three months volume of cardboard box shipments to goods manufactures have fallen off the proverbial cliff
RV sales.....Volume of class A rv sales has dropped by half this year
RV sales.....Volume of class A rv sales has dropped by half this year
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