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Topic: Is recession coming actually? - page 5. (Read 1152 times)

legendary
Activity: 2408
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
November 02, 2022, 04:14:44 PM
#33


You are confusing economical crisis and recession words. Just because there is an economical crisis doesn't mean there is recession. Recession means less money in the markets, and less jobs available and many other "lack of mony in the world" problem, we are having that because of high fed interest rates.

I also read all the above answers and didn't see people mention the difference between crisis and recession, I think we're just in an economic crisis, not in a recession yet, these two are not the same although there are many similarities. Like the US economy, they had 2 negative growth quarters, in theory they were in recession, but GDP growth in the 3rd quarter could be said to have not entered a recession. The Fed's continued high interest rate hikes will affect the global economy and if they extend the high interest rates into 2023 then I think we will soon enter a real recession.
hero member
Activity: 2156
Merit: 575
November 02, 2022, 03:35:28 PM
#32


You are confusing economical crisis and recession words. Just because there is an economical crisis doesn't mean there is recession. Recession means less money in the markets, and less jobs available and many other "lack of mony in the world" problem, we are having that because of high fed interest rates.

2 years ago when lockdowns first happened we still had unemployment for many, but we had governmnets printing money for free, which means that we were actually having a good amount of trouble in the long run based on just free money, because it caused inflation, while things went up in price, our salaries didn't went up as much, which meant even though we got a raise at work, we couldn't offer the things we used to buy.

Its still a problem, high inflation with low salary increase followed by recession will make sure that most people will bankrupt, and that reset will cause a trouble but the ones who survive that will be able to buy everything from everyone and be richer when the world economy is better.
legendary
Activity: 2576
Merit: 1655
November 02, 2022, 03:29:38 PM
#31
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 think it's obvious that we have entered recession when we have the Covid-19, two years ago. Every economy is shutdown, people doesn't have jobs, companies are closing down their businesses.

And although majority now are bouncing back and it seems that we are back to normal again, but it's too late as the damage has been done already. US for example, their CPI has been hit and so they are too are in recession. And then the war in the background is one of the factors as well for us to be in the situation that we are in right now.
rby
hero member
Activity: 742
Merit: 611
Brotherhood is love
November 02, 2022, 03:21:17 PM
#30
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 dont know if there is a special meaning for recession in economics. If there is no special meaning for recession I can say that we are already facing recession in my country. what you will buy with $5 today in two months time you can no longer buy it with $5,  this was not like this before. Many things has changed and the price of commodities keep going up everyday in other side of the story, fiat currency keeps crashing everyday. This is recession or inflation whatever it is called it is obvious that the economy is at greater danger
legendary
Activity: 2828
Merit: 1515
November 02, 2022, 03:04:02 PM
#29
Recession's probably already here. Companies are anticipating a recession and modifying their business operations as such. Q3 GDP reports for the U.S. showed unexpected growth but I expect it's an anomaly as two previous quarters were negative GDP growth. If the U.S. economy is struggling, and Europe is battling with high energy prices, it spells trouble.

Also consider the U.S. federal reserve has announced yet another interest rate hike, 0.75% increase: https://www.usatoday.com/story/money/2022/11/02/fed-interest-rate-hike-live-updates/10561495002/

It seemed that their strategy was to ease the gas on the money printing, incrementally increasing interest rates and hoping the inflation rate for USD would come down. Obviously, they recognize recession is unavoidable so they're aggressively hiking up the interest rates with the acceptance that GDP will slow down into a recession.

If the U.S. economy is in recession, the global economy is in recession.
hero member
Activity: 2408
Merit: 584
November 02, 2022, 02:03:42 PM
#28
what is going on there, are we really heading to recession? (or this is how markets work, so that people always speculate? )
It's been a long time since I heard those words about recession so I think it already came and maybe we are still at it now. It does affect anyone but the effect can vary. for those who are unprepared then they are the ones who will be affected with this badly but the effects are only less for those who are fully prepared but despite of that both can say that recession is not okay since its effects are mostly negative.

Those who said that everything is okay are out of their minds. How can it be okay when the unemployment rate is high? A high gdp is great but I don't think this are experienced when there is a recession but people always speculate here in cryptos, this is how it works.
legendary
Activity: 2660
Merit: 1141
November 02, 2022, 12:48:24 PM
#27
In my opinion, recession is a normal process of the economy and don't panic about it. But we need to know the fact that it doesn't come alone. It comes with job losses, inflation, low business activity and poor financial stability.
No panic, but something worth thinking about too. The problem is that we need a solution to minimize economic disruption from the smallest to the largest level, this is something that needs to be considered regardless of the current world economic conditions. The recession will come or it may already, depending on the economic impact it has on ourselves or on a national basis.

It is difficult to achieve stability during this inflation, of course because the currency lost a lot of value. The impact may be measurable through analysis, but we cannot avoid this problem without a definite solution.
member
Activity: 1540
Merit: 22
November 02, 2022, 12:39:36 PM
#26
It is wise to make our own predictions based on the data we see in front of you analytically or generally rather than relying on the opinions of others. If anyone is openly discussing their opinion of where the market is going, it's the market analyst.

In my opinion, recession is a normal process of the economy and don't panic about it. But we need to know the fact that it doesn't come alone. It comes with job losses, inflation, low business activity and poor financial stability.
legendary
Activity: 3178
Merit: 1054
November 02, 2022, 12:39:14 PM
#25
with the inflation that we have right now, you can always tell we are heading somewhere down. the prices of basic needs like sugar or bread is up more than 15%.

USD may look strong global currency but this is because of the speculators hedging in the international market. but locally, you living in US can see the purchasing power of USD dwindling. try buying gasoline. locally, USD is not a strong currency. we are just waiting for something to break and all  currencies in every country will fall. something that will break such as ww3.
hero member
Activity: 1974
Merit: 534
November 02, 2022, 10:43:12 AM
#24

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? )

Yea we are heading for a recession. Speculators can influence the market, but that is only minor compared to actual economic situation. There are a few important factors which look really bad for 2023. First of all inflation is expected to remain at double digits for 2023. This is probably the worst thing to happen after the Ukraine Russia war this year. In Western countries we have not seen such kind of inflation rates in 40 years. Investors and consumers are scarred and afraid to use their money. The Christmas business this year is going to be bad as many people are struggling with higher living expenses and wages are not rising fast enough. Same with investors, they sold many risky assets only to hold cash. For the economy its very bad if people only hold cash and don't spend it. This will result in lower production and investment for the next year. The reversal of energy prices might only be short term and will not offset the damage it has done the last 10 months. I would prepare for 2023 getting worse than 2022.
member
Activity: 360
Merit: 22
November 02, 2022, 10:35:19 AM
#23
We all want it to be a store of value and counter inflation. It should be right? Maybe someday after maturity and a few mor billion market cap but for now, in my opinion trades like a tech stock.

We are seeing a market that bitcoin or maybe anyone has ever scene before.

I expect it to do what it has always done until enough changes it doesn't.
member
Activity: 143
Merit: 36
November 02, 2022, 10:19:56 AM
#22
Be very careful of who you listen too and make sure your not shopping for the answers you would like to hear. Remember those folks are there to sell ads or pump (Saylor). It's not all bad either, sometimes the have some ideas or indicators to follow up on your own about.

I've tracked all the big names like Wood, Pomp, Paul et al. They have all been equally as wrong or right.  Charts are a joke... I to listen to Dalio on the markets, he has an excellent grip on the history and why of things.

The news is a joke mostly and the government lies and manipulates data beyond recognition.

Watch actually news (numbers) and historical reactions from those real numbers.

getting investing news of media outlets would be akin to getting a wife off of onlyfans, or worse

After all that, by the numbers, we are in a recession after we are completely done exporting inflation.



Thank you for this. I have similar thoughts. The more I watch youtubers I am starting realise that most of them are just promoting their own youtube channels and making some money of course. On the other hand even those few 'honest' youtubers also might be wrong... after all this is market. And who knows where that beast is heading now, right?

Then again, how and from where we should learn? I know this is big question, however, there should be sources of information one can check time to time and make his mind?
What sources you usually try to keep up with?
member
Activity: 360
Merit: 22
November 02, 2022, 10:10:13 AM
#21
Be very careful of who you listen too and make sure your not shopping for the answers you would like to hear. Remember those folks are there to sell ads or pump (Saylor). It's not all bad either, sometimes the have some ideas or indicators to follow up on your own about.

I've tracked all the big names like Wood, Pomp, Paul et al. They have all been equally as wrong or right.  Charts are a joke... I to listen to Dalio on the markets, he has an excellent grip on the history and why of things.

The news is a joke mostly and the government lies and manipulates data beyond recognition.

Watch actually news (numbers) and historical reactions from those real numbers.

getting investing news of media outlets would be akin to getting a wife off of onlyfans, or worse

After all that, by the numbers, we are in a recession after we are completely done exporting inflation.

hero member
Activity: 2114
Merit: 603
November 02, 2022, 09:28:03 AM
#20
I’m paying more for milk, oil, vegetables. I am pretty sure we are into recession already. I am sure everyone is going through the same unless and until they are not richest around. By the way you stated that it’s high unemployment which means that’s actually very problematic mate. Recession plus unemployment is the worst formula for disturbed economic. This is growing all the time considering war situation, ever growing sanctions from powerful countries and everything crippling around that bad circle. It’s gonna make it worst just wait and watch.
member
Activity: 299
Merit: 11
November 02, 2022, 08:13:25 AM
#19
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.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
November 02, 2022, 06:24:08 AM
#18
The United States is in an actual recession after going through two quarters of negative GDP, BUT they changed the definition of what a is considered a "recession". Why? Because it's an election year. The government needs to manipulate economic data and gaslight people.

United states GDP has grown by 2.6% in Q3
https://www.cnbc.com/2022/10/27/us-gdp-accelerated-at-2point6percent-pace-in-q3-better-than-expected-as-growth-turns-positive.html
So even if it was in a technical recession for the first half of the year it's out of it!

we are hearing those warning from reputable people like chamath palihapitiya and his cohorts. i don't think those guys are lying to us.

Oh yeah, reputable people :
The SPAC King Goes Silent With His Empire Shriveling

The guy that news the recession a coming told everyone so and yet somehow miraculously didn't do a thing about
https://www.marketwatch.com/story/the-spacsplosion-is-about-to-become-a-liquidation-frenzy-and-that-may-be-for-the-best-11657884798

Quote
Chamath Palihapitiya, for example, is best known for buying Virgin Galactic Holdings SPCE, +3.68% with the first of his nine SPACs, and was dubbed the “Pied Piper of SPACs” by the New Yorker. The shares in his three de-SPACs, however, have since fallen, even though Palihapitiya has managed huge personal gains from the deals. In a recent report by Massachusetts Sen. Elizabeth Warren’s office, Palihaptitiya is listed as an example of the misaligned incentives in SPACs and how the sponsors are rewarded, especially “serial SPAC sponsors,” while leaving retail investors “at risk from SPACs’ convoluted structure and incentives for dilution, fraud and abuse.”
In the end, it is these sponsors, like Palihapitiya and Virgin Galactic’s Richard Branson, as well as Wall Street investment banks for the initial SPAC IPO, that walk away with the big gains. The remaining original IPO investors who are still in these stocks, for the most part, will be lucky to get out with their initial investment. But for the most part, the original IPO investors are long gone.

Oh, another Kiyosaki, telling others how to do their business while running their own into the ground and bankrupting every investor.

hero member
Activity: 3052
Merit: 651
October 31, 2022, 10:24:47 PM
#17
Are you waiting for one branch of government to tell it? Or you could decide by yourself. Because as how I see it, as a consumer, I can feel that we are in recession already. Wages are not enough for an individual to survive, you will need another job to make it through. But that's the other problem, there's also fewer jobs at this economic situation and instead of hiring, they are actually kicking some employees out because they cannot pay anymore.
If everyone will focus on saving and investing, there will be a problem in consumption rates which means less workers needed.
legendary
Activity: 1974
Merit: 1108
Free Free Palestine
October 31, 2022, 10:08:28 PM
#16
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? )

Recession is when a country experiences a fall in Gross Domestic Product for two quarters consistently. But the recent recession is affecting almost all the economies of the world because many countries have even experienced more than two quarters of fall in GDP. In my country we are not on recession but the effect of the recession experienced by other nations have increase the prices or goods and services. The high cost of gas and crude has affected my nation's economy that we might be heading to recession in few quarters. The main triggers of the recent recession most nations are facing is the negative impact of Covid-19 lock-downs and the Russian invasion of Ukraine. I am not really blaming the government of my nation for the economic hardship because the causes of it are uncontrollable external economic factors.    

In theory, I think that many countries have fallen into recession, including the US, they have had 2 consecutive quarters of negative growth but they still claim that they have not entered a recession. In my opinion, it's all man-made so it's subject to change, so recession or not will depend on how each country measures recession.

You're the first person I've seen who takes a different look at the current crisis. Most people are trying to blame their government for not taking action to prevent inflation and crisis but they don't know that all countries in the world are interconnected, once a crisis occurs in one region or a few countries, it affects other countries. The crisis is happening globally so no country can avoid it, the government is also trying its best, we should also sympathize with them, don't just blame them while the world situation is not getting better.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
October 31, 2022, 10:02:52 PM
#15
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? )
Contradiction between the predictions that you listen is simply inevitable as two different people could read the same data and one of them will be bullish while the other will be bearish.

So what is it? Are we in a recession already or we are heading there? I think we are headed there, and while governments will probably try to do their best for their economy to avoid the label of being in recession this is something inevitable if you ask me.
hero member
Activity: 1064
Merit: 843
October 31, 2022, 09:28:23 PM
#14
It depends, if most governments can take care of their expenditure, fix their high inflation rate, take care of unemployment and make them get a job etc, it will boost their economy, so recession wouldn't happen. But the question is, does they can did that in short time? obviously not because this is a macro economy problem and the problem is caused by one problem to another. This make the problem is hard to resolve and recession is high likely will come in the next year.
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