heard that another recession is coming soon

[Nicole0416_718_929_646212]

There's no way to be completely recession-proof and there's no deadline for market predictions; that's not the way the economy works (emerging markets, market trends, commodity price indexes, wealth effect, volatility are considerations). The forecasting for the last recession (2008-2009) was not consistent, economists/financial analysts did not pay attention or address market predictors back then. The smart/common sense approach is to be cautious of new investments, long term financial commitments, cut back on aggressive spending habits, stack your savings; job market- keep skills/resume updated, learn new skills, network..

Nothing that people haven't already talked about in terms of financial planning for us anyway; becoming more financially literate.

 

[Eddy Gordo]

Due sometime between February 2019 and 2022 at this point.

Me personally am liquidating all my savings at the end of the fiscal year. Can't have the economy crash and shrink my cash.

 

[TallMan_J]

My garden thread went double wood. Don’t nobody on here care about how to maintain green peppers indoors.

I’m heavy into gardening, breh. Got all kinds of shyt growing around my yard. If I had known about the thread, I would’ve posted up.

 

[Oceanicpuppy]

I’m heavy into gardening, breh. Got all kinds of shyt growing around my yard. If I had known about the thread, I would’ve posted up.

Please do . Pictures are welcomed.

Coli Gardeners: Official Thread.

 

[phcitywarrior]

There's no way to be completely recession-proof and there's no deadline for market predictions; that's not the way the economy works (emerging markets, market trends, commodity price indexes, wealth effect, volatility are considerations). The forecasting for the last recession (2008-2009) was not consistent, economists/financial analysts did not pay attention or address market predictors back then. The smart/common sense approach is to be cautious of new investments, long term financial commitments, cut back on aggressive spending habits, stack your savings; job market- keep skills/resume updated, learn new skills, network..

Nothing that people haven't already talked about in terms of financial planning for us anyway; becoming more financially literate.

Some people's savings are their credit cards

Spooky times

 

[YamakaSmacker]

I've got government contracts already signed off for the next 6 years. Yall nikkas gonna learn about these trades

 

[yung Herbie Hancock]

.

 

[yung Herbie Hancock]

There's no way to be completely recession-proof and there's no deadline for market predictions; that's not the way the economy works (emerging markets, market trends, commodity price indexes, wealth effect, volatility are considerations). The forecasting for the last recession (2008-2009) was not consistent, economists/financial analysts did not pay attention or address market predictors back then. The smart/common sense approach is to be cautious of new investments, long term financial commitments, cut back on aggressive spending habits, stack your savings; job market- keep skills/resume updated, learn new skills, network..

Nothing that people haven't already talked about in terms of financial planning for us anyway; becoming more financially literate.

Saving money is counter intuitive. The value of the money in your savings goes down during a recession due to inflation. You're actually better off investing that money in another currency (the Euro would be my choice) or a commodity whose price rarely fluctuates. That way once the recession ends you can recover your money. Imagine saving up 50k only to find that your 50k is really only able to buy 20k worth of goods and services .

 

[ultraflexed]

There's no way to be completely recession-proof and there's no deadline for market predictions; that's not the way the economy works (emerging markets, market trends, commodity price indexes, wealth effect, volatility are considerations). The forecasting for the last recession (2008-2009) was not consistent, economists/financial analysts did not pay attention or address market predictors back then. The smart/common sense approach is to be cautious of new investments, long term financial commitments, cut back on aggressive spending habits, stack your savings; job market- keep skills/resume updated, learn new skills, network..

Nothing that people haven't already talked about in terms of financial planning for us anyway; becoming more financially literate.

Can you provide some more insight on this prediction, what is it based on? ...thanks.

 

[J Money]

Looks like Jeezy gonna have to make a Recession 2 tape then

 

[phcitywarrior]

Saving money is counter intuitive. The value of the money in your savings goes down during a recession due to inflation. You're actually better off investing that money in another currency (the Euro would be my choice) or a commodity whose price rarely fluctuates. That way once the recession ends you can recover your money. Imagine saving up 50k only to find that your 50k is really only able to buy 20k worth of goods and services .

How you gonna invest when you can't eat. The average American has less than 2k saved up. If people's jobs started going they'd be done. You need cash to eat even before you invest.

 

[yung Herbie Hancock]

How you gonna invest when you can't eat. The average American has less than 2k saved up. If people's jobs started going they'd be done. You need cash to eat even before you invest.

Fair enough. I guess I'm looking at it from my point of view since we get consistent pay in the military. I would be losing money by letting it sit in my savings account . The average American takes an L though .

 

[phcitywarrior]

Looks like Jeezy gonna have to make a Recession 2 tape then

I’m bumping it right now off the strength.

Track 1

 

[Pazzy]

When Is the Next Recession? These 4 Warning Signals Have Already Gone Off

 

[phcitywarrior]

The question about the next recession is how deep will it be and what sectors will be severely affected.