Is Recession Looming?

[Kathianne]

Because of surgery in June, I have a bunch of debt to work on. Thus, cutting back on gifts and unnecessary purchases. Might buy some house brands in place of preferred brands for awhile.

I have enough income to deal with my debt, not too mention because of income and credit rating, other than my car at less than 2% financing, none of my 'debt' carries interest payments.

Not many families with kids are in that boat, I think tougher times ahead:

https://finance.yahoo.com/news/mighty-american-consumer-hit-wall-000004700.html


BloombergThe Mighty American Consumer Is About to Hit a Wall, Investors Say
Reade Pickert and Vildana Hajric
Mon, September 11, 2023 at 5:15 AM MST


(Bloomberg) -- After staving off recession for longer than many thought possible, the US consumer is finally about to crack, according to Bloomberg’s latest Markets Live Pulse survey.

...

[fj1200]

It's been looming for the past couple of years but I just don't think it's inevitable. I think unemployment is still too low to have what any traditionalist would call a recession.

[Kathianne]

It's been looming for the past couple of years but I just don't think it's inevitable. I think unemployment is still too low to have what any traditionalist would call a recession.

You could be right, but neither inflation nor the markets along with unemployment are acting traditionally.

[AHZ]

Because of surgery in June, I have a bunch of debt to work on. Thus, cutting back on gifts and unnecessary purchases. Might buy some house brands in place of preferred brands for awhile.

I have enough income to deal with my debt, not too mention because of income and credit rating, other than my car at less than 2% financing, none of my 'debt' carries interest payments.

Not many families with kids are in that boat, I think tougher times ahead:

https://finance.yahoo.com/news/mighty-american-consumer-hit-wall-000004700.html


but with planning and hard work, anybody can have a home!

[Kathianne]

but with planning and hard work, anybody can have a home!

True. Been there, done that. Stop making excuses for those that choose to lose.

[AHZ]

True. Been there, done that. Stop making excuses for those that choose to lose.


so hard times are good then, gets rid of the losers.

[Kathianne]

so hard times are good then, gets rid of the losers.

To a certain extent. More so are opportunities to plan readiness for better times.

Smart young people, with or without home ownership know it's padt time to get rid of debt, as quickly as possible. To do that, cut spending and increase income. Second job: spouse works from home or out; ...

Save for refinancing or down-payment when interest rates come down.

There's many ways to use bad times, but knowledge is essential. Reading helps.

[AHZ]

To a certain extent. More so are opportunities to plan readiness for better times.

Smart young people, with or without home ownership know it's padt time to get rid of debt, as quickly as possible. To do that, cut spending and increase income. Second job: spouse works from home or out; ...

Save for refinancing or down-payment when interest rates come down.

There's many ways to use bad times, but knowledge is essential. Reading helps.


yah.

homelessness and starvation are essential for planning.:salute:

[Kathianne]

yah.

homelessness and starvation are essential for planning.:salute:

So many families, I'm just missing them? Sec 8, SNAP; school provided breakfast, lunch, and some take home dinners.

I'm not against any of these, but don't think they work to lift people for future delegations.

It's certainly a good wY to control. Look at north Korea.

[AHZ]

So many families, I'm just missing them? Sec 8, SNAP; school provided breakfast, lunch, and some take home dinners.

I'm not against any of these, but don't think they work to lift people for future delegations.

It's certainly a good wY to control. Look at north Korea.

right.

a better solution is keeping jobs for them to work at instead of sending all those wages out of the country for short term multinational corporate profit.

[Gunny]

so hard times are good then, gets rid of the losers.Excuses:rolleyes:

Tough times don't last. Tough people do.

[Gunny]

right.

a better solution is keeping jobs for them to work at instead of sending all those wages out of the country for short term multinational corporate profit.There are people screaming for employees out there. Right here in the US. Those people you really don't care about but love running up a false flag for? They don't want to go to work. Those that give it a thought think they should start at Corporate CEO $500k starting:rolleyes: Nobody wants to start at the bottom working 2 sucky jobs for low wages like every young person before your entitled generation came along.

You who wants to force them to buy only the goods you allow them to are. Need to make up your mind which you are for. The people or the authoritarian populism. Can't be both.

[AHZ]

Excuses:rolleyes:

Tough times don't last. Tough people do.


so darwinian. so alpha.

mass murder is devil inspired you know.

[Gunny]

so darwinian. so alpha.

mass murder is devil inspired you know.I'm as alpha as it gets and don't care who doesn't like it.

[Kathianne]

right.

a better solution is keeping jobs for them to work at instead of sending all those wages out of the country for short term multinational corporate profit.
Everywhere there are help wanted signs. If people don't apply, can't get them. If you're hungry, you'll eat.

[Black Diamond]

Everywhere there are help wanted signs. If people don't apply, can't get them. If you're hungry, you'll eat.

Yeah doesn't sound like a recession does it ?

[AHZ]

I'm as alpha as it gets and don't care who doesn't like it.


https://i.ytimg.com/vi/QPXZHHpTDYY/maxresdefault.jpg

[Black Diamond]

https://i.ytimg.com/vi/QPXZHHpTDYY/maxresdefault.jpg

If I were running this site, you'd be confined to the steel cage.

[Gunny]

If I were running this site, you'd be confined to the steel cage.One thing glaringly obvious about his opinion of alpha males is he sure as Hell ain't one :laugh:

[AHZ]

If I were running this site, you'd be confined to the steel cage.


THere's no cage strong enough for me.

king kong ain't got shit on me.

http://thelistlove.com/wp-content/uploads/2015/11/Training-Day-King-Kong.gif

[Black Diamond]

THere's no cage strong enough for me.

king kong ain't got shit on me.

http://thelistlove.com/wp-content/uploads/2015/11/Training-Day-King-Kong.gif

Yeah.

[Gunny]

THere's no cage strong enough for me.

king kong ain't got shit on me.

http://thelistlove.com/wp-content/uploads/2015/11/Training-Day-King-Kong.gifNoted that you learned what you know about alpha males from internet memes:rolleyes:

[Black Diamond]

Noted that you learned what you know about alpha males from internet memes:rolleyes:

Probably ones that came from the woke left.

[AHZ]

One thing glaringly obvious about his opinion of alpha males is he sure as Hell ain't one :laugh:


if you have to say youre alpha.....

https://cdn-webimages.wimages.net/05558517d1378538a1ef6ece597176d8a733bd-v5-wm.jpg?v=0

[AHZ]

Probably ones that came from the woke left.


real men don't let globalists piss in their brain.

[Gunny]

if you have to say youre alpha.....

https://cdn-webimages.wimages.net/05558517d1378538a1ef6ece597176d8a733bd-v5-wm.jpg?v=0

Always trying to move the goal posts when you start getting your ass kicked:rolleyes: YOU said it. I just confirmed your accusation. If the only reason you can't put in the work to get where you want to be is your lack of balls, I don't want to hear excuses.

[Kathianne]

10 Warning signals? What I'm noticing, which fj and I noted yesterday is that nothing is behaving as normal in either recovery or recession trending:


https://themessenger.com/business/ten-red-flags-warning-of-a-looming-recession


Ten Red Flags Warn of a Looming RecessionLeading economic indicators, tightening credit and a dicey global economy portend a decline
Published 09/12/23 05:00 AM ET|Updated 09/12/23 08:07 AM ET
Al Lewis

conomists have practically sounded the all-clear on a looming recession, but plenty of signs are still flashing red.


Clearly, economists were wrong earlier this year when they forecast an economic contraction that has yet to manifest. Could they be wrong now?


To be sure, economic growth, the labor market and consumer spending have proven unexpectedly resilient in the face of rising interest rates and elevated inflation. But there are still plenty of signs a recession might still be on its way.

...

[Kathianne]

Real incomes dropping due to inflation, one indicator that the economy is in trouble:

https://fortune.com/2023/09/12/real-household-income-inflation/


Inflation was so bad last year that real household income tumbled the most in 12 years, causing families severe economic painBYALEX TANZI AND BLOOMBERG
September 12, 2023 at 10:26 AM MST


Inflation drove real income down for the third straight year.
FREDERIC J. BROWN/AFP VIA GETTY IMAGES
US inflation-adjusted household income fell in 2022 by the most in over a decade, highlighting the toll of a higher cost of living and the expiration of pandemic-era programs.


The median income last year was $74,580 compared with $76,330 in 2021, according to the Census Bureau’s annual reports on income, poverty and health insurance coverage.


Related Video


The 2.3% drop in incomes — which was the most since 2010 — marked the third-straight annual decline, which has been a feature of past recessions like the global financial crisis, the dotcom bubble and the downturn in the early 1990s. Last year, American families faced the the largest annual increase in the cost-of-living adjustment in over four decades.

...

[Gunny]

Real incomes dropping due to inflation, one indicator that the economy is in trouble:

https://fortune.com/2023/09/12/real-household-income-inflation/Getting to where from a certain POV one can appreciate the stagnant Obama economy. Might not be getting ahead but we weren't really getting poorer either.