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Getbig Main Boards => Gossip & Opinions => Topic started by: OneMoreRep on December 01, 2019, 07:14:11 AM
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Have any of our resident economists heard of a possible recession come 2020?
Some have been speculating on Wall Street, makes me wonder what kind of market might be around the corner.
"1"
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Have any of our resident economists heard of a possible recession come 2020?
Some have been speculating on Wall Street, makes me wonder what kind of market might be around the corner.
"1"
First things first. Have you watched ‘Joker’ yet?
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Have any of our resident economists heard of a possible recession come 2020?
Some have been speculating on Wall Street, makes me wonder what kind of market might be around the corner.
"1"
Yes, it is possible, there will be a recession.
Hope this helps.
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The bubbles going to pop eventually no matter what. Thanks boomers.
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After the "boom-boom", some adapted to the new truth, and some chose to huddle near the boomy holes, clinging to the lie of the beforefore times.
/Falcon
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First things first. Have you watched ‘Joker’ yet?
At this point, I might as well stream it. Once I do, I'll report back. It better be worth it man, you're campaigning hard for it!
"1"
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As long as there is food there is no recession, more and more growing of food taking place.
There will be an ever growing amount of retards slowing progress with their complaints, violence, sluggishness
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Have any of our resident economists heard of a possible recession come 2020?
Some have been speculating on Wall Street, makes me wonder what kind of market might be around the corner.
"1"
Paul Krugman predicts total global economic meltdown due to Trump.
Per Krugman recovery is only possible by a full embrace of socialism or communism.
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Won’t affect me. I’ll shift my company to working bigger government and sports/entertainment projects. Two industries where budgets are always big.
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Won’t affect me. I’ll shift my company to working bigger government and sports/entertainment projects. Two industries where budgets are always big.
Groundbreaking stuff here. Also, buy low and sell high.
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from my view: (career mortgage broker) housing in my area
-mortgage rates will remain low which is great for refinance biz
-the housing market will see a little appreciation (in my market, AZ) 1-3% due to supply vs demand
-Young buyers will be the bulk of the home buyers
-baby boomers are not prepped for retirement (reverse mortgages will soon become the new normal)
-upper middle/upper class buyers are not moving as often -
-luxury condo market has changed in AZ (condotels and high end rentals are the new norm)
-consumer confidence remains high
-access to credit is a good balance
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Quite possible, always highs and lows, ups and downs. Dem's are praying for it so they can attack the US Prez a bit more.
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The rumors of a pending economic recession will continue as long as the Democrats have no answers for the historic economic success of the Trump Administration
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Have any of our resident economists heard of a possible recession come 2020?
Some have been speculating on Wall Street, makes me wonder what kind of market might be around the corner.
"1"
Yes, they’ll be a recession and if it’s in 2030 Trump will be blamed
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also fear sells much better than "little to no growth"
we have had a strong run for over a decade - its capitalism there are peaks and valleys! its part of the system.
media loves sensationalism
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The libs are hoping they can cause one but while I readily admit to not being the seer of seers or the prognosticator of prognosticators, I don't see one with our President in charge of our Nation.
There are ups and downs to all things financial, but only when vile beings like these DemocRats are in charge or on an uncontrolled Whinepath can the End Times be set on "REPEAT". These assclowns want us, as in the U.S., to fail. FTN.
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I feel like they've been predicting a large recession, comparable to or worse than the one in 2008, since 2012. "Mr Anabolic", in particular, would swear up and down that it was coming.
The market works in boom and bust cycles so a recession coming is inevitable but it seems like all the "experts" are guessing, just like the rest of us.
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Obama averaged 1.9% GDP for eight years. Unemployment was high. Jobs were low. Wages were low. Now we have Trump. Lowest unemployment in 51 years. Lowest Black and Hispanic unemployment in 50 years. GDP is up. Wages are up. Highest oil production in history. Highest stock market in history. He bought China to their knees with tariffs. China is now buying billions in agriculture. Democrats would let China rape this country as long as they got their own billion dollar deal for their pockets. I could go on.
Democrats want the economy to go south so bad so they can blame him to regain power. They don't care about the economy or this country as long as they have power making money for their own wallets like the Biden's and Clinton's.
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Obama averaged 1.9% GDP for eight years. Unemployment was high. Jobs were low. Wages were low. Now we have Trump. Lowest unemployment in 51 years. Lowest Black and Hispanic unemployment in 50 years. GDP is up. Wages are up. Highest oil production in history. Highest stock market in history. He bought China to their knees with tariffs. China is now buying billions in agriculture. Democrats would let China rape this country as long as they got their own billion dollar deal for their pockets. I could go on.
Democrats want the economy to go south so bad so they can blame him to regain power. They don't care about the economy or this country as long as they have power making money for their own wallets like the Biden's and Clinton's.
we should not be letting china buy billions of OUR agriculture you say? I hope not
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Yes, a massive one is due to hit and it’ll be far worse than the Great Depression. The mold has already been put in place by the fed manipulating the dollar up and down to fool people into parting way with any precious metals they have. Supposedly, the BRIC nation’s are attempting to create a currency backed completely by gold, once that happens we are FUCKED. The only reason our currency is still number one to this day is because the Saudi’s only trade their oil in dollars but if a better currency arises it’s all over.
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recession = cheap stocks. have cash on hand.
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recession = cheap stocks. have cash on hand.
This. Recession is inevitable. If not 2020 then very soon.
I've pulled out, bought some silver and waiting for shit to hit the fan.
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Have any of our resident economists heard of a possible recession come 2020?
Some have been speculating on Wall Street, makes me wonder what kind of market might be around the corner.
"1"
(http://www.getbig.com/boards/index.php?action=dlattach;topic=644157.0;attach=767150;image)
http://www.getbig.com/boards/index.php?topic=620698.msg8619951#msg8619951
(http://www.getbig.com/boards/index.php?action=dlattach;topic=644157.0;attach=769000;image)
http://www.getbig.com/boards/index.php?topic=644157.msg9014728#msg9014728
(http://www.getbig.com/boards/index.php?action=dlattach;topic=644157.0;attach=770571;image)
http://www.getbig.com/boards/index.php?topic=644157.msg9018725#msg9018725
(http://www.getbig.com/boards/index.php?action=dlattach;topic=644157.0;attach=770562;image)
http://www.getbig.com/boards/index.php?topic=644157.msg9028158#msg9028158
(https://media.tenor.com/images/25eba48a338d64e17edc99f88f0482bf/tenor.gif)
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Housing prices has been climbing, and not at rate of wages, or GDP. Not only in the US but all over the world. So alot of people are in too much debt.
But I think one of the biggest reasons for US resession and will be for Europe, Australia, Canada etc. It is the rise of China and India. Globally they are taking a bigger piece of the pie.
See here, China and Indias climb from early 00's
Why do you think Trumps focus is trade wars with China ;) ...but he should start taking a look at India aswell
btw. take a look of how strong Germany was under the lead of AH. Quite amazing when compared to popluation numbers.
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Business loans are shrinking. Flat YoY has always been associated with a recession. But I think it will be a mild one and rebound next year. Thats not to say the profit out look is good though.
And there is a sig. risk of the trade war driving everthing lower first.
https://twitter.com/RaoulGMI/status/1201174711415300097
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This. Recession is inevitable. If not 2020 then very soon.
I've pulled out, bought some silver and waiting for shit to hit the fan.
Unwise move. Better to keep your money in a low cost, S&P 500 Index fund, and keep putting money in it often, rain or shine, for a very long time (7-20 years).
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Housing prices has been climbing, and not at rate of wages, or GDP. Not only in the US but all over the world. So alot of people are in too much debt.
But I think one of the biggest reasons for US resession and will be for Europe, Australia, Canada etc. It is the rise of China and India. Globally they are taking a bigger piece of the pie.
See here, China and Indias climb from early 00's
Why do you think Trumps focus is trade wars with China ;) ...but he should start taking a look at India aswell
btw. take a look of how strong Germany was under the lead of AH. Quite amazing when compared to popluation numbers.
China's GDP is based on whatever those secretive commies decide to disclose. Their books are cooked.
(https://media.npr.org/assets/img/2015/11/09/gettyimages-474029482_custom-fa590b2d3e7ebaa04a3e86bcfa25824f8fe6ff38-s800-c85.jpg)
(https://cdn1.i-scmp.com/sites/default/files/styles/1200x800/public/images/methode/2017/03/07/917937c6-0216-11e7-be53-dd0689cdbd13_1280x720.JPG?itok=wCrI7Sw4)
(https://allthatsinteresting.com/wordpress/wp-content/uploads/2019/04/bike-kangbashi-china.jpg)
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A Recession just means you’ve come too far too fast and you need to take a step back to take two steps forward. It’s not the end of the fucking world.
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A Recession just means you’ve come too far too fast and you need to take a step back to take two steps forward. It’s not the end of the fucking world.
To some of us, a recession just means opportunity.
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ask Mr. Orange, the economy is GREAT! Therefore, put all your money into any of the chosen Trump stocks. He'll take care of you.
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ask Mr. Orange, the economy is GREAT! Therefore, put all your money into any of the chosen Trump stocks. He'll take care of you.
It’s the best economy we’ve had in a long time. My tech biz has been fantastic. I’ll take Mr Orange over Mr Black anytime. Obama was a freaking idiot regarding the economy. So was Bush Jr.
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For the first time in US history, a decade will pass without the country falling into a recession
In every decade since the period immediately before the Civil War, the US economy could be relied on to do one thing: tumble into recession.
But the American economy is on pace to defy that trend for the first time in nearly 170 years as it enters the 2020s.
The 2010s would be first time a decade has come and gone without the nation falling into recession, which is commonly defined as two consecutive quarters of contracting gross domestic product.
https://www.yahoo.com/news/first-time-us-history-decade-151300551.html
(https://media.voltron.voanews.com/Drupal/01live-166/2019-07/Trump%20fireworks_3.jpg)
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For the first time in US history, a decade will pass without the country falling into a recession
In every decade since the period immediately before the Civil War, the US economy could be relied on to do one thing: tumble into recession.
But the American economy is on pace to defy that trend for the first time in nearly 170 years as it enters the 2020s.
The 2010s would be first time a decade has come and gone without the nation falling into recession, which is commonly defined as two consecutive quarters of contracting gross domestic product.
https://www.yahoo.com/news/first-time-us-history-decade-151300551.html
(https://media.voltron.voanews.com/Drupal/01live-166/2019-07/Trump%20fireworks_3.jpg)Trump 2020!
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Fourth quarter 2019 seems on track for growth, so the earliest one can claim we’re in a recession
(2 straight quarters of contraction) is July 2020; after that, Oct 2020.
The left are running out of time to cry economic doom and gloom. We’ll get a recession at some
point, but I don’t know when.
My 401k is up well over 50% since November 2016. These are great times. ;D
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Fourth quarter 2019 seems on track for growth, so the earliest one can claim we’re in a recession
(2 straight quarters of contraction) is July 2020; after that, Oct 2020.
The left are running out of time to cry economic doom and gloom. We’ll get a recession at some
point, but I don’t know when.
My 401k is up well over 50% since November 2016. These are great times. ;D
(https://mediadc.brightspotcdn.com/dims4/default/78393fe/2147483647/strip/true/crop/3000x2000+0+0/resize/3000x2000!/quality/90/?url=https%3A%2F%2Fmediadc.brightspotcdn.com%2F4d%2Fe4%2Fb717d773363050a27353bf97930c%2F2564b2dc4b02bdd12d36e59bcf9f49ec.jpg)
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"Expect the best, prepare for the worst." - Jimmy Carter
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No clue, but it sure feels like it. My hope is that if the economy does falter, Trump signs some sort of infrastructure bill that gets spending on roads and bridges. Those projects take 2-4 years which would allow the construction industry to ride it out. My retirement has fucking boomed under Trump.
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No clue, but it sure feels like it. My hope is that if the economy does falter, Trump signs some sort of infrastructure bill that gets spending on roads and bridges. Those projects take 2-4 years which would allow the construction industry to ride it out. My retirement has fucking booked under Trump.
(https://www.abc.net.au/news/image/9912962-3x2-940x627.jpg)
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Won’t affect me. I’ll shift my company to working bigger government and sports/entertainment projects. Two industries where budgets are always big.
What is your business?
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As long as there is food there is no recession, more and more growing of food taking place.
There will be an ever growing amount of retards slowing progress with their complaints, violence, sluggishness
More fruits like avocados & mangos on my hobby farm trees than ever, what fu......ng 'recession'.
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What is your business?
Software development. Specific to ERP, CRM, and system integrations.
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(http://www.getbig.com/boards/index.php?action=dlattach;topic=644157.0;attach=767150;image)
http://www.getbig.com/boards/index.php?topic=620698.msg8619951#msg8619951
(http://www.getbig.com/boards/index.php?action=dlattach;topic=644157.0;attach=769000;image)
http://www.getbig.com/boards/index.php?topic=644157.msg9014728#msg9014728
(http://www.getbig.com/boards/index.php?action=dlattach;topic=644157.0;attach=770571;image)
http://www.getbig.com/boards/index.php?topic=644157.msg9018725#msg9018725
(http://www.getbig.com/boards/index.php?action=dlattach;topic=644157.0;attach=770562;image)
http://www.getbig.com/boards/index.php?topic=644157.msg9028158#msg9028158
(https://media.tenor.com/images/25eba48a338d64e17edc99f88f0482bf/tenor.gif)
Brilliant... ;D ;D ;D
Time in the market beats trying to time the market.
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Software development. Specific to ERP, CRM, and system integrations.
XFactor, how did you get into this? I thought you were an enterprise sales executive. Would like to hear about your career trajectory and any relevant study if you don't mind sharing.
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Today I bought a serving of potato salad at the grocery store deli. Maybe about the size of your fist. $4.27.
The end is near.
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Software development. Specific to ERP, CRM, and system integrations.
That's a great business. Dynamics, SAP, or other?
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That's a great business. Dynamics, SAP, or other?
We are a Microsoft shop too to bottom, specifically Dynamics 365, NAV, and AX. We do a lot of complex integration work into SAP/Oracle. project sizes $200k-$5mm. Sports and entertainment is such a fun part of my business. Those are typically accounts I’ll take on with one of my Global Account Managers. Obvious reasons ;D example, it’s getting cold in Toronto and I’m working in Florida this week working with the PGA Tour and Dolphins.
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XFactor, how did you get into this? I thought you were an enterprise sales executive. Would like to hear about your career trajectory and any relevant study if you don't mind sharing.
I started there, moved into VP of sales then managing partner. We have 130 employees now. Startegic initiative this year to get to 170 by year end 2020. Being an owner comes with a lot stress and long hours. The payback is massive though.
I’ll make a suggestion to anyone on here. If you can get yourself into software sales, learn and practice a very methodical sales process you’ll create a comfortable life for you and your family.
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We are a Microsoft shop too to bottom, specifically Dynamics 365, NAV, and AX. We do a lot of complex integration work into SAP/Oracle. project sizes $200k-$5mm. Sports and entertainment is such a fun part of my business. Those are typically accounts I’ll take on with one of my Global Account Managers. Obvious reasons ;D example, it’s getting cold in Toronto and I’m working in Florida this week working with the PGA Tour and Dolphins.
Dynamics 365 is the shitte right now. Good for you. So are you the sales guy, the software developer, the project manager, or something else?
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Today I bought a serving of potato salad at the grocery store deli. Maybe about the size of your fist. $4.27.
The end is near.
s
Hawaii has been costly to live on for decades. Unless things have really changed, pretty much everything needs to be imported, hence it gets expensive. It was when I lived there years ago. Be well, brother!
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Today I bought a serving of potato salad at the grocery store deli. Maybe about the size of your fist. $4.27.
The end is near.
What store Whole foods?
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What store Whole foods?
No, Foodland. Just a common local grocery chain. They have these fruit cups with about two quarter-inch chunks of cantelope, pineapple cubes, two honeydew melon, and four blue berries -- all for $5.25. Looks refreshing after the gym but I'm not paying that. Yesterday, I just bought an apple at $3.89/lb.
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s
Hawaii has been costly to live on for decades. Unless things have really changed, pretty much everything needs to be imported, hence it gets expensive. It was when I lived there years ago. Be well, brother!
It's worse as our Socialist government makes the cost of doing business even higher. Last week they approved a ban on "single-use plastic" like straws, utensils, styrofoam containers, beverage containers... no more lids for your coffee and drinks. I'm not sure how they define plastic beverage containers but they are used for all soft drinks and drinking water.
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Dynamics 365 is the shitte right now. Good for you. So are you the sales guy, the software developer, the project manager, or something else?
Managing partner. I own sales and marketing.
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The markup is huge on prepared foods.
It's a big moneymaker for grocery stores.
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The markup is huge on prepared foods.
It's a big moneymaker for grocery stores.
Nothing close to software.
Edit my bad you were talking food. And you’re right that’s a great business
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Managing partner. I own sales and marketing.
That's great. You're set. I know I don't have to tell you this, but save and invest that money now. Retire comfortably in a few years while you're still young.
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It's worse as our Socialist government makes the cost of doing business even higher. Last week they approved a ban on "single-use plastic" like straws, utensils, styrofoam containers, beverage containers... no more lids for your coffee and drinks. I'm not sure how they define plastic beverage containers but they are used for all soft drinks and drinking water.
Start making rice coffee cup ;) , similar to ice cream cups ;)
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This. Recession is inevitable. If not 2020 then very soon.
I've pulled out, bought some silver and waiting for shit to hit the fan.
(https://i.giphy.com/media/XGnH2RGHoCqumsAXpo/giphy.webp)
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They are predicting a recession for Australia because of this Coronavirus. I think there will be a global recession.
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Thanks China!
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They are predicting a recession for Australia because of this Coronavirus. I think there will be a global recession.
Oz has been in trouble for 9 months prior to this. The big end of town wjth all the mkney stopped projects and spending last year. Already in a recession but the data is so manipulated it just doesn't look it.
Naturally.it's all the fault of the virus..... shitheads were planning to run surplus budgets in a recession. The current govt won't be voted back in.