The Recession: Nov budget deficit $205billion; Deficit grew 48% in 2018

[Originalman]

Yeah forreal, how fast should I move my 401K into more conservative funds?

I say now homie. Remember we have had crazy loses in the month of Novvember.

shyt I been moving my shyt to more mutual funds, energy and DoD.

Especially DoD and energy always do well in poor economies.

Also you see how these technology stocks are taking a pounding. Thats always the first signs the economy is slowing down.

 

[Originalman]

When automotive and housing industries start slowing down and their respective companies start radically “right sizing”, its about that time.

Auto companies are already battening the hatches.

Yep and technology companies are starting to cut back RD and move more shyt overseas. Just as they were doing in 2007.

But yeah always watch those house prices...when the market slows down the economy isn't far behind.

 

[Originalman]

G, check a lot of these so called well to do company. They have a lot of debt on their balance sheets. When the tide goes out we gonna see a lot of companies caught looking real funny.

GM slashing jobs. Apple stopped reporting individual iPhone sales. Corporate stock buybacks to prop up value. Rising interest rates. Consumer debt at crazy high levels.

Yep netflix and uber are perfect examples of this.

 

[Json]

Tax cuts? Dog, we are so passed that game.

We are doing taxes of 95% and re are going to get an infrastructure bill pass for every state.

We need to hire so many teachers.

Tax cuts are Republican answer to everything. Even to tax cuts.

 

[88m3]

@88m3 is the man for this. He posts articles on the NYC gentrification thread about this. Condos and apartments are not selling as they used. What we have here is a glut of expensive condos in Manhattan, Brooklyn and a lesser extent in Queens. You have landlords so desperate they are overlooking tenants credit scores and shyt. The building boom from the Bloomberg era has not panned out any benefits. I see it all the time in Brooklyn. You see these high rise condos built which was supposed to house 600 people only to have 40 people living in them. The bubble is bursting. The developers made they money from the building boom from the Bloomberg era. shyt is about to get ugly.

@∆y = f(∆x)

Yup. It's slowed down a lot whether we're talking to buy or rent, it probably began in late 2016. I haven't moved in around 4 years now but at that time it was a fever pitch to even find a place and the demands were outrageous. I ended up making out really well and I didn't even want a high end building even but it's a decent area. I know rent has been trending down but it still pretty high in the nicer and better transit access neighborhoods. C/s on empty condos and apartments on the luxury/mid luxury spectrum. Co-ops have already fallen fallen hard and condos have been starting to even in the sub million market. I'm hoping for a complete meltdown. Developers geared too high end and supply and demand drove up prices(not to go into hoarding, warehousing of units, and foreign owners). If there were more condos in the 400-800k range the city wouldn't be such a shambles housing wise. I've read if 100k+ units were built a year we could barely keep up with demand. If the market tanks the downside should be less construction and lending. So a double edged sword...

As far as stocks go I closed out in December 2016 when I noticed the real estate market lagging and the dotard getting the presidency. I don't make a lot trading anyways so it's not worth it/

You need to be making at least 100K to afford 4k rent comfortably...

I don't know what taxation is like in Cali but in NY on an 80K salary you're only taking home around 4K a month after the vultures get their piece...

I'd have to disagree. Someone other than me makes a bit more than that and the take home pay is only like 8 a month. Something like 30-40k out the window alone in city/state/fed taxes/withholdings.

I work for myself, earn well more, don't pay taxes on the front end and probably couldn't float that rent unless I cut back on a lot of other necessary things.


Maybe even if you were in your early twenties and had no responsibilities, mortgage, car note, etc it's possible but I doubt it.




Landlords also expect you to earn 60-40x the rent.

 

[Wild self]

@88m3 is the man for this. He posts articles on the NYC gentrification thread about this. Condos and apartments are not selling as they used. What we have here is a glut of expensive condos in Manhattan, Brooklyn and a lesser extent in Queens. You have landlords so desperate they are overlooking tenants credit scores and shyt. The building boom from the Bloomberg era has not panned out any benefits. I see it all the time in Brooklyn. You see these high rise condos built which was supposed to house 600 people only to have 40 people living in them. The bubble is bursting. The developers made they money from the building boom from the Bloomberg era. shyt is about to get ugly.

Real ugly. I mean, inhumnely ugly. School shootings, workplace shootings, robberies......2019 gonna look like 2009 on steroids.

 

[Geek Nasty]

We’ll see. Some people said we never actually recovered from the 2008 recession. The Fed just put a band aid on the economy.

I disagree with you here. We just didn’t learn and regulate away the causes. That’s the normal reaction after every other crash. This time we just used taxpayer money to bail out Wall Street and get. the economy going again. Sure enough Wall Street went right back to the same con games. People were calling this 8 years or so again.

I just wish I knew how to profit off it.

 

[Jhoon]

I disagree with you here. We just didn’t learn and regulate away the causes. That’s the normal reaction after every other crash. This time we just used taxpayer money to bail out Wall Street and get. the economy going again. Sure enough Wall Street went right back to the same con games. People were calling this 8 years or so again.

I just wish I knew how to profit off it.

You can’t decry capitalism and then wonder of ways to profit off an economic collapse.

 

[the cac mamba]

im fukkin on whether i should buy this condo, i have to decide this week. i cant call it

 

[Geek Nasty]

You can’t decry capitalism and then wonder of ways to profit off an economic collapse.

Capitalism and regulation aren’t antithetical. That only happens in Fox News cartioonland

 

[---]

Supposedly the Bond Yield Curve inverted. And when that happens, normally, a recession isn't far behind. Can the financial brehs verify this? Simply.

Bloomberg - Are you a robot?

Yeah, an inverted yield curve usually means that. But at the same time, it doesn't. Just means the economy is slowing down. Slow down can be a month or three months.

America is due for a recession. The much scary thought is if it a deep recession how to come out of it. The last one they threw everything at it and I mean everything and nothing moved. Nothing was fixed from 2007.

 

[88m3]

Real ugly. I mean, inhumnely ugly. School shootings, workplace shootings, robberies......2019 gonna look like 2009 on steroids.

this winter has already been pretty violent

with the amount of poverty and inequality in this city you would have to be crazy to think there won't be serious upheavals

idk if it will get 60's or 90's bad with the police state as it is today but having lived in the neighborhoods I have and seeing the changes over my lifetime and looking at the history

 

[hashmander]

y'all being a little too dramatic. it's not going to be worse than 2008. must be forgetting how bad 2008 was.

 

[Mook]

It's amazing how it's 2018 and only the communists and bad actors have figured out capitalism.

B b b but how do we stop it.

No one in the bottom 50% of the population has any money to spend, but yall talking about some damn interest rates

 

[newarkhiphop]

is our money safe in regular savings account if get a recession like 08 or bigger @88m3 @ZoeGod