GOOD NEWS!

[scottw]

don't worry, the dark brandon recession will be the best recession in the history of recessions


CNBC UK finance minister announces tax hikes and spending cuts, says country is in recession
PUBLISHED THU, NOV 17 2022


FORTUNE U.S. policymakers have one last chance to avoid a recession
November 17, 2022

CNBCMARKETS The global stock market rally could be about to meet recession reality
PUBLISHED THU, NOV 17 2022

Market Insider The US economy will tip into a 'mild' recession next year as the Fed winds down rate hikes - but a hard landing could be coming, JPMorgan says November 17, 2022

Market Insider Amazon founder Jeff Bezos warns a recession is looming - and Americans should 'prepare for the worst'
Theron Mohamed Nov 14, 2022,


USA TODAY Despite stock rally, recession in 2023 is still likely as Fed continues to raise rates
Paul Davidson November 16, 2022
USA TODAY

[Jim in CT]

if you’re not hoarding cash, you’re not paying attention.

Soaring interest rates, increases in credit card debt at higher rates, silicon valley giants announcing layoffs, god knows what’s going to happen to energy prices this winter, god knows what’s going to happen to housing prices with soaring mortgages of inventory ever increases,,yiu habe to think these interest rates are going to stifle consumer spending at some point, and that’s what drives our economy.

It’s not all bidens fault, Trump and Obama and Bush spent like lunatics. We’re due for a recession.

sell stocks, hoard cash, get back into stocks after the correction, hold
for years, you’re welcome.

[wdmso]

Originally Posted by Jim in CT

if you’re not hoarding cash, you’re not paying attention.

Soaring interest rates, increases in credit card debt at higher rates, silicon valley giants announcing layoffs, god knows what’s going to happen to energy prices this winter, god knows what’s going to happen to housing prices with soaring mortgages of inventory ever increases,,yiu habe to think these interest rates are going to stifle consumer spending at some point, and that’s what drives our economy.

It’s not all bidens fault, Trump and Obama and Bush spent like lunatics. We’re due for a recession.

sell stocks, hoard cash, get back into stocks after the correction, hold
for years, you’re welcome.

Same thing happened in the 1990

My mortgage interest rate was 10%

we survived and we’ll survive again

It could alway be worse UK inflation hits 41-year high of 11.1% as food and energy prices continue to soar

It’s global
Posted from my iPhone/Mobile device

[scottw]

Originally Posted by wdmso

we survived and we’ll survive again


Posted from my iPhone/Mobile device

I didn't say we wouldn't.....

[Jim in CT]

Originally Posted by wdmso

Same thing happened in the 1990

My mortgage interest rate was 10%

we survived and we’ll survive again

It could alway be worse UK inflation hits 41-year high of 11.1% as food and energy prices continue to soar

It’s global
Posted from my iPhone/Mobile device

i didn’t hear anyone suggest we won’t survive. But some pain is probably coming. also some opportunity.

inflation is global. but (1) that doesn’t mean we didn’t make stupid
mistakes in both parties, to make it worse than it needed to be. And (2) covid was also global and you never once brought that up when trump was potus. How about a speck of honesty.

the feds out way, way too much money in circulation. Increasing the supply of something will decrease the value of that something. Even if that something is money.

[Jim in CT]

Originally Posted by scottw

I didn't say we wouldn't.....

they love responding to things that no one came close to saying. it’s easier than admitting politically inconvenient truths.

[wdmso]

I didn’t hear anyone suggest we won’t survive

Did you watch Trumps I am running speech .. that’s his message you won’t survive with out ME …

If the war in Ukraine end tomorrow so would the global economic meltdown

Because 99.9% revolves around the Russian invasion of Ukraine
Posted from my iPhone/Mobile device

[The Dad Fisherman]

Originally Posted by Jim in CT

sell stocks, hoard cash, get back into stocks after the correction, hold
for years, you’re welcome.

How does one do this if the majority are in 401k’s? Just curious
Posted from my iPhone/Mobile device

[Jim in CT]

Originally Posted by The Dad Fisherman

How does one do this if the majority are in 401k’s? Just curious
Posted from my iPhone/Mobile device

i’m in the same boat. Luckily I transferred 90% of my 401(k) from stock-based mutual funds, into cash/money market stuff. sometime after the recession hits, i’ll start moving it back into mutual funds that invest heavily in good stocks, like large-cap mutual funds. or an S&P500 index fund, many 401ks offer something like that. Assuming the market rebounds ( it always has after every downturn in history), i’ll earn a nice return.

its not as good as being able to buy individual stocks, but IN MY OPINION ONLY, a smart strategy with 401k funds. Market dips are buying opportunities if you have the cash, and only if you believe the market will eventually bounce back.

[Jim in CT]

Originally Posted by The Dad Fisherman

How does one do this if the majority are in 401k’s? Just curious
Posted from my iPhone/Mobile device

need to make sure you have a few years to leave it there, in case it takes that long to bounce back. Not a good idea to try this with money you know you’ll need soon!