I keep hearing “with the recession starting....” do we really think this is going to lead to a recession and layoffs?

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If sustained yes, if we keep it under 2 months or so perhaps minor effects

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There's a strong effect of "if everyone thinks there is going to be a recession, there will be"

People & businesses worry, they spend less. When that happens, people & businesses earn less, and there's more reason to worry. And so it spirals from there.

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... or the reverse! More allowance for private Enterprise. -- either way. More enterprise, less homesteading!

Let’s see. Schools closed. Parents working from home to take care of kids. Multiple industries (sports, Broadway, hospitality, airlines) stopped. International demand down for many things, firms likely to reissue financial guidance down over the course of the year.

What are the odds no layoffs will happen to shore up profits? What are the odds these layoffs won’t result in lower consumer spend? I think the market is starting to price this in, but it’s not all considered. Recession seems more likely than not.

Just an uneducated guess, of course.

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Money just isn’t moving around like it used to be so inevitably that’ll lead to some economic slowdown.. the long term effects of which we can’t understand but regardless the longer this period of financial turmoil lasts the more severe the repercussions will be

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It’s already happening if you look at spend across the industries. People not going out affects everything

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I’ve been on calls this week where partners were implying if we don’t sell enough through coronavirus there will be layoffs.

That said, my 5 year anniversary is in may and I’m hoping if I get laid off, my retirement accounts have that last 40% at least vest first.

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