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Um yeah. Negative interest rate, lack of banking revenue streams, unemployment low but # out of the labor force at an all time high, % of income to rent and debt way too high, housing bubble going to burst again when rates start to increase, etc. I'm cynical but def think we are in for a tough economic cycle since Consulting is a predictive indicator and the Big4 are soft
Yes, good chance we've already entered it. We have a recession every 7-10 years.
"But my stocks are all green", the famous last words
My prediction is the stock market is due for a correction. Housing in most places has recovered $ wise, but in real dollars is definitely not at the peak. Except SF, so enjoy that tech stock crash that will lead to a housing price decline there! Slow rise in interest rates could be offset by lower taxes and boost in infrastructure spending. Biggest uncertainty is whether Trumpkin and his enablers in Congress mismanage the economy or drive us into another dumb draining war (again).
I bought my house about 2 years ago, first home - it's tiny but mine. Thinking of selling though to reap the bubbles high before it bursts.
Oh for crying out loud, do not listen to pwc1. Keep your head down, invest as before, this is nothing to panic about. Economic cycles happen.
If you panic in regards to pessimistic expectations it'll be a self fulfilling prophecy and further hurt the economy.
A decline in growth. Expected, cyclical, and nothing to freak out over.
We're overdue. Surprised it hasn't happened yet.
Too much free money floating around from low rates. The market is going to self correct as rates start to rise again
💰time to buy gold!💰
So index funds and hold off on the house, got it.
E1, any plans to consider? Someone told me to hold off buying a house for a year or 2 because I could get a great deal soon
This bubble might not impact housing as much as the last one did, buy index funds.
The black swan is dollar. If it collapses the world will be in for a serious re-making. You could see your precious 401k not even worth a value meal (without extra cheese)
So are you saying I should start taking profits and sell my stocks ?? But they are all green!!
Correction booz1*
ITT: Idiots
A recession isn't a fucking hurricane you can't plan for it to come "in a few months". It's not "looming".
D 1 - how do you define recession ?