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Started By
Message
1
Posted on 10/23/23 at 7:17 pm to Auburn80
quote:
People have been predicting a major collapse for 4 years.
One thing that seems consistent is:
The soft landing and recession are always 6 months away.
Posted on 10/23/23 at 8:04 pm to sidewalkside
unironically strippers and whores. when the banker bros quit buying strippers and whores, its because things in the hedgefunds are really really bad
dont believe what the State tells you. Ask your local stripper (only applicable in big city markets but mainly Miami and NYC)
dont believe what the State tells you. Ask your local stripper (only applicable in big city markets but mainly Miami and NYC)
Posted on 10/23/23 at 8:32 pm to Klark Kent
quote:
fareplay was still whining about housing prices and they are pulling down north of 350k/year.
To be fair, fareplay spends way too much money
Posted on 10/23/23 at 8:35 pm to GumboPot
Lmao what a dumbass chart. There were 4 instances of significant rate hikes starting through the mid to late 80s and recession didn’t come until the early 90s.
Posted on 10/23/23 at 8:38 pm to AwgustaDawg
quote:
Given that there is still historic demand for skilled tradesmen across the country I would posit that it ain't happening anytime soon
Go ahead and ignore that this demand is being driven by a huge shortage in the trades that has nothing to do with the economy. Lot of folks retired in the last five years. There will always be demand for skilled workers. They just don’t exist right now.
We’re sitting on a doomsday scenario
Posted on 10/23/23 at 9:11 pm to sidewalkside
Two consecutive quarters of negative GDP growth. We had one most recently in summer 2022.
Posted on 10/23/23 at 10:56 pm to sidewalkside
People quit leaving rubber ducks on strangers Jeeps.
Posted on 10/23/23 at 11:01 pm to sidewalkside
When housing prices are unaffordable and you go to the grocery store and what you could get for $100 now cost $160..
Posted on 10/23/23 at 11:02 pm to roadGator
quote:
RV sales are a victim of Covid.
Should be good prices on barely used soon.
Same with boats. People financing $250k boats on 20 year terms was never going to end well.
Posted on 10/23/23 at 11:48 pm to sidewalkside
When you can walk into a Rolex AD and they have watches available to buy.
Posted on 10/24/23 at 2:04 am to sidewalkside
The cost of food continuing to rise.
Posted on 10/24/23 at 3:14 am to Death Before Disco
quote:
When they change the definition of what a “recession” is.
Again
Posted on 10/24/23 at 4:36 am to sidewalkside
If a republican becomes president. That's when the media will bring it up every day and say we were never in a recession under Joe biden. 
Posted on 10/24/23 at 4:56 am to FLObserver
Home foreclosures.
Posted on 10/24/23 at 7:19 am to jizzle6609
Historically casinos and gambling do well in recessions. Stupid is as stupid dosz
Posted on 10/24/23 at 7:25 am to sidewalkside
The fricking canary has been dead for 15+ years. Kicking the can by way of inflating the money supply...
It was fricked years ago....but it turns out that our politicians are necrophilies and just keep revisiting the damn corpes.
It was fricked years ago....but it turns out that our politicians are necrophilies and just keep revisiting the damn corpes.
Posted on 10/24/23 at 9:29 am to sidewalkside
quote:
What specific indicator do you think will foretell a real recession?
I don't think you can look at one specific indicator in our current scenario, you have to take it all in.
Credit card debt, delinquencies and interest rates all climbing at the same time are a bad sign (with credit card debt being at a historic high and interest rates being near there as well), but not an entire picture. Along with that we've had inflation continuing to rise while steadily beating wage growth. Inflation has been especially sticky in the necessities of energy, food and shelter while wages have been outpaced.
This puts the Fed in a "damned if you do, damned if you don't" position where if they raise rates they risk more businesses failing but if they cut rates they risk creating more inflation (possibly even a hyperinflation event).
All taken together, this looks like a massive consumer credit bubble. If/When it pops, I don't see an avenue for it to not lead to a recession.
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