Are we heading towards another recession?
The stock market has been heading downwards for the last few weeks. Our supposed recovery from the last recession is not all that convincing, especially given the people who had to accept lower paying jobs and the people who don’t count as unemployed because they have stopped looking for work. Wealth is more unequally distributed than any time since the Depression.
The same economists who failed to predict the last recession keep saying there is nothing to worry about. Why should we believe them?
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Just a couple of little ones in western markets. China maybe a huge correction.
Despite all the hype from the “haves”, we haven’t recovered from the catastrophe of 2008. In other words, the era of more or less permanent recession is probably here. But fear not. We can all rest assured that recession or not, nothing shall interfere with the primary requirement that THE RICH GET RICHER.
If I could answer this question, I could run for President! ~
Personally, I think the US stock Market is treading water until investors know the likely outcome of the Presidential race.
I predict that we will have something between a slow, steady, 2-steps-forward, 1-step-back return to prosperity and an outright Depression.
Like @RedDeerGuy1 suggests, I think a lot could hinge on the Chinese economy and their government’s handling of it.
According to my son we are heading toward one.
His belief is partially fostered by the fact that while new home sales are brisk, sales of used homes are falling and, to him, it means that people are moving into new homes while hoping their old one will sell and they are not doing so. This will drive down the price of older dwellings and possibly mean that we are looking at a bunch of new foreclosures.
Of course, he has a big problem with the Federal Reserve, fractional reserve banking and not being on the gold standard so take it for what it is worth.
I’m thinking that the social unrest we’re having right now will boil over and make a recession the least of our worries.
How many people were paying real close attention to the stock markets during the Civil War? I think that the average American had more pressing concerns during that time.
This is actually pretty common in a election year. I have reduced my positions greatly since if you look at charts this always happens.
And the stock market isn’t the economy. But it is a factor since spending is related to stability. A lot of people will see their 401K shrink so they pull back on buying that new car. And then it is mufflers all the way down.
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