Recessions are inevitable and impactful - so if you either think one won't happen, or it won't matter to you, then you are wrong. It's really just a matter of when.
How are you preparing?
I think we should have a recurring 'recession watch' discussion thread - just so Jow Forums seems smarter than it actually is since we'd have predicted it x-months in advance.
>listening to jews
>ever
OP sucks cocks as usual.
I have no money or assets now, I will continue in the same vein
Personally, I think the next recession will happen sometime in mid-2019. But most 'experts' believe that it happens sometime in the next two years. I think it's coming a little sooner though.
The US is long overdue for one. Let's just hope that the next time it happens, bankers (including the ones Trump loves to appoint) get prison instead of a slap on the wrist.
i have 15 dollars left to my name and no job anymore, and refuse to ever get another one. do you think i'm going to make it through?
I hope this is the start of WW3
You are a bot, right? You guys are advanced these days.
i'd say a paid kushner shill, but that's just a guess
>budgeting
>paying down debt
>pay this month's bills with last month's income
>three months expenses saved (goal 6 months)
>stocking up on essentials
It’s going to be a mellow recession the chances of a 2008 happening again are basically nil in our lifetimes.
There isn’t a booming asset class that most people are invested in, 2008 was property and it hasn’t bubbled again, in 1929 it was stock but a very specific group of people in the USA actually own stock compared to 1929.
So basically don’t worry to much it’s going to be not a big deal
You say that, but surely if (((they))) are controlling the markets, (((they))) would also know when shits about to hit the fan?
And it's not like (((they're))) advertising this to normal people - Trump, CNN and co. are still encouraging your average pleb to invest in the markets and to look at how strong the US economy is etc. etc. - I'm really only seeing the warning signs being discussed in the 'investor' community
I don't think it's a Jewish conspiracy, obviously, but I do feel like investors are starting to slowly get out early, without making too much noise
This cover, for example, makes it seem like someone knows something that the rest of us doesn't, if you get what I mean
>Trump, CNN and co. are still encouraging your average pleb to invest in the markets and to look at how strong the US economy is etc. etc.
and this dumdum just laps it right up
You think so? A part of the reason I'm suddenly posting this is that I just got off a skype call with an ex-bank of America employee (cuz I'm a young poor fag hoping to go into finance and so I have a 'mentor') and he mentioned that
1) 2008 was fucking scary - people where considering buying farms and what not and moving to new Zealand, and
2) Not much has changed since then - and more than that, we don't even have the tools to avert another crisis since interest rates are so low already
I think it's gonna be a crisis that starts somewhere like Japan or Italy that spreads to other places
Japan's debt to GDP ratio for example is insane - they have a debt more than 200% the size of their GDP. And with interest rates rising worldwide, they're going to have a really hard time paying the interest on that debt.
Up until recently, the solution would have been to get the bank of Japan to print some more money so it can buy the countries own debt
Except for the fact that the policy of printing money, Quantitative Easing, is coming to an end
That last picture showed how the Bank of Japan is no longer 'increasing the size of it's balance sheet' - i.e. it's no longer buying stuff, including government debt - which is kind of scary, since up until recently the BOJ has been going hardddd being up all the countries assets.
Without that support, the economy is 100% going to suffer.
It got so bad that recently the size of the BOJs balance sheet reached the size of the entire Japanese economy
But it's not just Japan, global debt is really high at the moment, and all central banks are slowly starting to stop and unwind there post-great-recession stimulus
And like I mentioned earlier, in the EU (much closer to home for me) the ECB is starting to wind down their QE program while Italy is in the midst of its own brewing debt crisis. So who is gunna buy all of italy debt? How is it gunna pay it's interest payments when interest rates rise?
And all this happening quite recently, so we are yet to see the full impact of all these decisions.
Can't imagine it's gunna be good though
And it's not just me who thinks all this, obviously. A lot of supposedly smart people think that all this debt is going to start a crisis sooner or later.
And even don't like listening to people, then one of the best indicators for whether a recession is on the way it to look at the 'yield curve' - which has been flattening for a while, and is on the brink of becoming inverted - All signs which point to a coming recession