Recession

[Bestoutwest]

Who's ready for another one? Stock market is correcting, bonds are going up, inflation is up and I did not realize that oil was so dang high. Good times are on the horizons it seems.

 

[Dave]

I think recession is a no brainer. It is on the tracks and headed this way. It has the potential to be a whole lot more than a recession.

 

[Caustic Burno]

It had to happen the stimulus package was a train looking to jump track.

 

[shaz]

Yep, a little more bad news and people will quit spending.

 

[Son of Butch]

Rule of thumb: 2 consecutive quarters of negative growth of the GDP= recession

GDP grew 4.9% in 2021 with the last quarter having the lowest growth of 0.6%
0.6 x 4 = 2.4% projected for 2022

Since all quarters of 2021 were positive, too early to say here in January 2022
that both the first and 2nd quarter of 2022 will end with negative growth.
GDP growth has definitely slowed, whether it will turn negative for the next 5 months is above my pay grade.

 

[Son of Butch]

Who's ready for another one? Stock market is correcting,

Yes, correcting.... aka sector rotation
S&P 500 down 2% ytd and down another 1.4% today (full moon)
Large Cap Value Stocks up 1.8% ytd
Mid-Cap Value Index up 3% ytd
Energy sector up 7% ytd

 

[jltrent]

I think recession is a no brainer. It is on the tracks and headed this way. It has the potential to be a whole lot more than a recession.

The people that are hooked on these handouts don't get another before long it could get dangerous.

 

[Brute 23]

I'm ready for a down turn. I have some cash I need to do some thing with.

 

[Lee VanRoss]

I'm ready for a down turn. I have some cash I need to do some thing with.

Paper or the real stuff? The heavy stuff provides a lot more traction.

 

[Lucky]

Let's hope not. I don't understand how most people are getting by as things are but, everywhere I go people are lined up buying more junk they really don't need.

 

[faster horses]

The people that are hooked on these handouts don't get another before long it could get dangerous.

My folks lived through the Depression. People were honorable, mostly. My dad always said the next depression people would be rioting and burning in the streets. Gee, we seem to have that already.

 

[HDRider]

Real-Time Prices

Get today's Real-Time cattle prices for steers, heifers, and calves around the United States

www.nationalbeefwire.com

 

[Nesikep]

Oh, nothing that pumping another 5 trillion into the economy can't fix!

 

[Bestoutwest]

I've been waiting for this to hit. I thought we'd get it Christmas of 2020, then the can got financially kicked down the road again. And again, and again. It has to end some time. I just hope that I'm in a really good spot financially when it does.

 

[greybeard]

I thought we'd get it Christmas of 2020

People spent $$$$$$$ for Christmas like crazy from what I saw (I did not)
Using credit card money maybe.

 

[Lee VanRoss]

Once I realized Christmas was not biblical I never let it interfere with household time or economics.
I just know it's cold and there is no mail. and I have no problem with those who observe it!

 

[Silver]

Nobody can put on a holiday like the Pagans.

 

[Lee VanRoss]

Nobody can put on a holiday like the Pagans.

We'll just have to take your word on that one..