Is recession coming actually? - page 4.

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: Lak93xy on November 07, 2022, 04:36:14 PM

AS always, the question is not whether is it coming but when is it coming. We've been in this financial experiment for far too long by now, so the bubble has to burst eventually. The question is where and when does the actual crash kick off that takes the rest of the poisoned market with it?

It is that simple, “what can’t go forever, won’t” the system that is currently in place has no hope to keep going on forever as at some point a breaking point will be reached and it will need to be replaced by another one.

What we do not know is when that will happen, some speculators have been predicting this for decades and it has not happened yet, and there are reasons to believe governments can still manipulate the markets for a few more decades, and if that is the case it is even possible many of us won’t witness the end of the current system.

Tallupooh

jr. member

Activity: 126

Merit: 2

I think a recession is really coming. Just look at today, the world is getting more advanced and more sophisticated. but behind it all, the earth we live in today is increasingly fragile and old.

Inflation is now higher and there is always a lot of chaos. I think the more advanced the world is, the better chance we have of approaching a recession.

STT

legendary

Activity: 4088

Merit: 1452

I would state it the other way round, accounting for already current and past inflation we have had a negative GDP relative to that for a few years at least. Quite a big clue is the decline in wages relative to simple costs like food, the purchasing power parity is declining even for those in employment. Its part of why creating new money is popular with governments is that it hides low growth because inflation is creating higher nominal numbers and the accounting is variable for actual value of the currency.

coolcoinz

legendary

Activity: 2814

Merit: 1192

I think it's not coming.

Have a look at how the media portray Chinese economy as in bad shape and on the verge of bankruptcy while in reality it's still growing, just slower than it used to.
Why I think it's not happening? Because there's so many doom prophets on youtube who are sure that it's coming and the stock market will fall by another 30-50%.
What do these people have to gain? They make money on this! They sell their predictions and make money in various ways. A good example is Peter Schiff, who is trying to make the world think that everything is going to crash but gold. Gold that he'll help you buy Wink

There's also a number of bitcoin traders who want to scare you from buying because in their opinion bitcoin has to correct 85% because it used to do that in 2014 and 2018.

Lak93xy

copper member

Activity: 56

Merit: 21

Web3 is the future.

AS always, the question is not whether is it coming but when is it coming. We've been in this financial experiment for far too long by now, so the bubble has to burst eventually. The question is where and when does the actual crash kick off that takes the rest of the poisoned market with it?

Fortify

legendary

Activity: 2688

Merit: 1192

Quote from: a298b112 on October 31, 2022, 03:54:58 AM

I am quite new to the crypto, investing, economy and all that...so far really got interested in about a year ago. So far what I see is lots of lack of similarities in opinions of youtubers, blogers and mass media. Some sources are shouting like creasy that a great recession is coming and it will hurt everyone so bad like never did. More moderate youtubers are doing some analysis and basically what they saying is, well there could be recession, and that is ok, this is how you get markets cleaned up. And there is third part that says, no everything is ok... unemployment is high, GDP is rising so technically we are not in a recession.

So the question is, what is going on there, are we really heading to recession? (or this is how markets work, so that people always speculate? )

If we consider Covid to be an anomaly that caused an unexpected recession due to the effect it had on supply chains while also messing up consumer demand, then we were already well over due for a recession by the time it arrived. It made a relatively mild correction and recovered very fast, to the point that it is an economy after thought and the next crisis is brewing. It seems like inflation is going wild at the moment, it's starting to filter through to mortgage rates which will eventually bite the lowest and middle income earners the hardest. Energy prices shot up (although they are coming back down) and that feeds through to almost everything we do and buy - it appears to be the next instigator for recession.

gantez

full member

Activity: 1736

Merit: 121

Quote from: Gallar on November 06, 2022, 11:36:12 PM

I don't think a recession will come, things like this are natural, because all countries have just been hit by the corona virus outbreak, it's natural for the economy to weaken.
but that doesn't mean there will be a recession, maybe in a few years it will recover.

With the general feeling of economic hard times and cut of jobs, it is looking like recession coming. It may not be hitting in all continent at once but people are feeling the heat from the high cost of bills, high inflation rate. Some of these are already happening. See the signs of recession here

Quote

Decline in real GDP.
Decline in real income.
Decline in employment.
Decline in industrial production.
Decline in wholesale/retail sales.

Gallar

sr. member

Activity: 812

Merit: 365

Quote from: a298b112 on October 31, 2022, 03:54:58 AM

I am quite new to the crypto, investing, economy and all that...so far really got interested in about a year ago. So far what I see is lots of lack of similarities in opinions of youtubers, blogers and mass media. Some sources are shouting like creasy that a great recession is coming and it will hurt everyone so bad like never did. More moderate youtubers are doing some analysis and basically what they saying is, well there could be recession, and that is ok, this is how you get markets cleaned up. And there is third part that says, no everything is ok... unemployment is high, GDP is rising so technically we are not in a recession.

So the question is, what is going on there, are we really heading to recession? (or this is how markets work, so that people always speculate? )

I don't think a recession will come, things like this are natural, because all countries have just been hit by the corona virus outbreak, it's natural for the economy to weaken.
but that doesn't mean there will be a recession, maybe in a few years it will recover.

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

Like many in the thread, I think recession is already here but that it will get worse in the near future. Depending on your current social status and country, you can become more or less affected by it. My country is in ruins, both literally and economically, so I expect my financial situation to deteriorate, and I'm trying to brace for a rough couple of years. But if you're middle-class or higher in a developed country, you'll notice that you can now afford less than you could afford before, but no huge life changes will probably be needed, unless you get hit with serious unlucky events, like if you're a business owner and your business is suddenly in much less demand because of decreasing purchasing power of others.

woez

member

Activity: 492

Merit: 48

A recession means that the economy is not growing and there will be a decline in sales and revenue. It's all about sales, revenue and profits. If this goes down then it is a recession for the company or the country. And the recession spreads like a cancer virus. You will feel the consequences in your work, the cost of goods and thus your lifestyle will decrease day by day.

Everyone should think when they are saving that what if a situation comes in the future and when it will come then plan well to deal with the situation well.

So we have to spend a little less from our income to save money to deal with any future situations like layoffs, hotel bills, etc. This is the final conclusion that recessions are not good so we should avoid them as much as possible but it might come in the form of war or something like that because nothing can stop them from coming.

So be prepared for everything even if good results give but don't go through high level spending either otherwise you might end up in a debt trap or start living on loans.

Marykeller

hero member

Activity: 1064

Merit: 501

We're not only heading to the recession, but rather we are in the recession already. The whole world is experiencing a global recession, I don't think some countries are exceptions to the economic recession already. which is why you see inflation in food, goods and services products. What triggers the global recession we experience right now, is the convid-19 pandemic that happened 2years ago. The whole world is yet to recover from the damage it caused to the world's economy.

teosanru

hero member

Activity: 2114

Merit: 619

Quote from: a298b112 on October 31, 2022, 03:54:58 AM

I am quite new to the crypto, investing, economy and all that...so far really got interested in about a year ago. So far what I see is lots of lack of similarities in opinions of youtubers, blogers and mass media. Some sources are shouting like creasy that a great recession is coming and it will hurt everyone so bad like never did. More moderate youtubers are doing some analysis and basically what they saying is, well there could be recession, and that is ok, this is how you get markets cleaned up. And there is third part that says, no everything is ok... unemployment is high, GDP is rising so technically we are not in a recession.

So the question is, what is going on there, are we really heading to recession? (or this is how markets work, so that people always speculate? )

It's coming? It has already come. Where do you see GDP rising? Last GDP estimate was of following only we just need one more Negative GDP estimate to offically call it a recession and generally you see the exact definition is slightly flawed what matters is the market conditions extreme inflation accompanied by extreme unemployment and political instability in many countries is a clear indication of recession. It's just that the exact reflection of it is yet to happen in traditional markets.

Yatsan

legendary

Activity: 2576

Merit: 1252

Leading Crypto Sports Betting & Casino Platform

Quote from: odunybiz on November 04, 2022, 06:47:16 PM

If the leaders of some countries are not ready to stabilize the economy their country e.g Nigeria, recession may set in soon.

Recession would come no matter how prepared or not a country is. It is a reflection on the world economy and is 'somehow' cannot be stopped in an instant; it will cost more than that. Smaller countries has no choice to be carried away by the waves of economic recession. It is a battle of endurance between each of the countries' economy. Those which are bigger would be able to cope longer than weaker ones.

Quote from: Darker45 on November 04, 2022, 10:46:55 PM

But there is also high inflation and prices of goods and services are actually rising. People on the ground are actually having a hard time. Savings are now shrinking due to high living cost. Everything is getting more and more expensive. So while there are indeed jobs, salaries are not catching up with the higher cost of living.

This is more evident at the present compared to employment rate. Everyone including rich and poor ones are affected by the price hike of almost everything. One factor according to an article I have read on social media is continuous growth of population wherein it over powers market supply therefore creating huge demand which is hard to handle, and also, yielding to price hike with market goods.

Darker45

legendary

Activity: 2576

Merit: 1860

Well, economists are having different opinions. Some say yes while others say no. However, if we stick to the traditional and simple meaning of recession which is having a falling GDP for two consecutive quarters, then we probably had it after the first and second quarters.

However, those who say no are saying that what's actually happening currently are not indicative of a recession. Unemployment is actually falling to record lows, meaning, jobs abound. Industrial spending and production are also doing good.

But there is also high inflation and prices of goods and services are actually rising. People on the ground are actually having a hard time. Savings are now shrinking due to high living cost. Everything is getting more and more expensive. So while there are indeed jobs, salaries are not catching up with the higher cost of living.

On the other hand, there is actually growth in GDP in the third quarter.

Well, whatever, I guess the bottom line is how the people are actually feeling the economy right now. Regardless of what the economists say, if the people are having a harder time, then we are not doing good.

odunybiz

full member

Activity: 588

Merit: 119

Epsiloan Protocol

If the leaders of some countries are not ready to stabilize the economy their country e.g Nigeria, recession may set in soon.

Zanab247

full member

Activity: 1358

Merit: 207

Catalog Websites

I guess, the recession is here already, and we are about to get out from recession in the world, because the price of commodities has increased higher since governments put solution to pandemic some months ago. Since the government are still working to take people out from this recession that is affecting many countries economy by creating a good environment for crypto users, and to make a strong demand from the central bank to print out huge amount of money that will make the citizens and their economy to function well again.

Mario Yamasaki

member

Activity: 737

Merit: 11

I have felt the economic recession, a lot of prices that I usually buy or the necessities of life are now increasing significantly, besides that it is increasingly difficult to find sources of income, the number of large companies that do business from upstream to downstream makes the opportunity for supply raw materials more difficult.

Paul Pogba

member

Activity: 1232

Merit: 12

Quote from: Smartvirus on November 02, 2022, 06:34:31 PM

It's hard not to imagining the coming of a recession with all the things that is happening across worlds today. We've got wars, climate change, increased in every day consumer products and more. Not to mention, we've been hit by a pandemic that sort of reset most of our lifestyle and a recovery from all that have been the bases and its not coming off good still. A recession is sure to hot our world sooner than later and so, one has got to be making preparations when it comes because, it will come. Search out for opportunities and pick up your investments wisely.

I think recession is coming, globally or nationally, indeed, a recession has occurred, the state announced that the country was having difficulty paying debts so that many subsidies and public services were reduced, for example many street lights were turned off, but oil and electricity prices continued to rise, making the economic conditions that I feel even more difficult. .

Smartvirus

legendary

Activity: 1554

Merit: 1139

It's hard not to imagining the coming of a recession with all the things that is happening across worlds today. We've got wars, climate change, increased in every day consumer products and more. Not to mention, we've been hit by a pandemic that sort of reset most of our lifestyle and a recovery from all that have been the bases and its not coming off good still. A recession is sure to hot our world sooner than later and so, one has got to be making preparations when it comes because, it will come. Search out for opportunities and pick up your investments wisely.

Johnyz

full member

Activity: 2086

Merit: 193

Quote from: Punakawan on November 02, 2022, 08:13:25 AM

It's hard to say whether at this time the recession has occurred, I am still in school and get the full fee from my parents so I do not know the economic conditions, but the thing I feel is the price of food and the needs that I bought more expensive.

This is where you can learn more about recession, you can start asking your teacher/professor about this one. Well, recession is an economic problem where a country is experiencing and most of the commodities will rise in price. Currently, many countries are getting into that situation and yes the only way to survive is to be prepared. Many are already securing their money into something, cryptomarket is a good option to many.

Topic: Is recession coming actually? - page 4. (Read 1152 times)