Recession soon? - page 3. | Bitcointalksearch.org

cryptosize

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Quote from: stompix on March 15, 2024, 01:00:24 PM

Quote from: batang_bitcoin on March 08, 2024, 06:20:58 PM

We're now just waiting for US to announce it but it seems they're tough and won't be reporting anything like that.

Nobody is waiting for that because the US economy is still growing by a large margin:
https://www.bea.gov/data/gdp/gross-domestic-product

Quote from: prosmmservice on March 14, 2024, 04:53:10 AM

Wait, isn't recession already going on? We have money but its not enough now. Everything is so expensive.

Pricing increasing is not a recession, if you would go by the price indicator alone right now a deflation would be far more likely to trigger a recession.
Things are expensive because there is demand for them even at those prices, otherwise, you would see all those markets crashing down like the real estate did a decade ago, but there are no signs of that if you exclude all the fearmongering that has been around for a decade also.

Honest question:

How long do you expect the US economy and the USD to be dominant?

Historical patterns indicate the USD is already a grandpa waiting to be phased out vs BTC being a baby:

According to Davos it seems that China will be No1 (double GDP) by 2030:

https://www.weforum.org/agenda/2019/01/india-will-overtake-the-us-economy-by-2030/

Of course it won't be easy, they'll have to capture Taiwan (TSMC) first to become the leaders of Digital Transformation/AI revolution...

I expect FED to start a massive "green" QE in late 2024/early 2025 (like they did for COVID back in 2020-2021).

ECB has shown some signs they're "concerned" about climate change:

https://www.ecb.europa.eu/ecb/educational/explainers/html/why_climate_change_matters.en.html

Add on top of that the halving effect, the ETF demand for BTC and we're in for a treat. Maybe the biggest bull run ever, possibly even bigger than 2013...

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Quote from: batang_bitcoin on March 08, 2024, 06:20:58 PM

We're now just waiting for US to announce it but it seems they're tough and won't be reporting anything like that.

Nobody is waiting for that because the US economy is still growing by a large margin:
https://www.bea.gov/data/gdp/gross-domestic-product

Quote from: prosmmservice on March 14, 2024, 04:53:10 AM

Wait, isn't recession already going on? We have money but its not enough now. Everything is so expensive.

Pricing increasing is not a recession, if you would go by the price indicator alone right now a deflation would be far more likely to trigger a recession.
Things are expensive because there is demand for them even at those prices, otherwise, you would see all those markets crashing down like the real estate did a decade ago, but there are no signs of that if you exclude all the fearmongering that has been around for a decade also.

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Quote from: Promocodeudo on March 14, 2024, 08:48:28 AM

When a company can no longer handle the expenses that's accrued to them, what do we expect, I think redundancy is better than going bankrupt, a company whose monthly or annual profit is no longer enough to pay their actual work force number should either sells of their stake or remain relevant in the market by doing the needful.

You seem not to know corporate culture. I need 15k, a car paid for by the company and my 5 employees have to do the work of 15 and can go home with 1200 each due to the harsh times?

I know that is slightly exaggerated. Grin

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Quote from: kentrolla on February 24, 2024, 05:49:29 PM

People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.

When a company can no longer handle the expenses that's accrued to them, what do we expect, I think redundancy is better than going bankrupt, a company whose monthly or annual profit is no longer enough to pay their actual work force number should either sells of their stake or remain relevant in the market by doing the needful.
If we should consider the the things that are happening now, I will say that many countries are in the recession already.
Some countries can no longer sustain their workforce because of this recession but though this might be as a result of the government mismanage of funds meant to be used to foster more production.

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Quote from: Erasmo967 on March 08, 2024, 09:28:24 AM

Looks like it is going to happed.

A recession is typically defined as a significant decline in economic activity across the economy, lasting for a sustained period of time. This decline is often marked by a contraction in Gross Domestic Product, rising unemployment rates, reduced consumer spending, and decreased business investment.

No one knows what will happen next and where we are heading to, in the past the recession that happened was as a surprise that nobody even expect it to happen. Recession can happen anytime, but the important thing is that we need to learn to be prepared for recession by saving and investing because the future can never predicted. The last recession was as a result of covid and it took people unaware, it was only people that was prepared that was able to survive the recession then. No one can tell when another will be coming, I think we need to be prepared financially for the future because anything can happen.

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Quote from: Kriptogram14 on March 14, 2024, 03:26:40 AM

Quote from: Jatiluhung on March 14, 2024, 02:20:51 AM

Quote from: kentrolla on February 24, 2024, 05:49:29 PM

People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.

I think that in several countries a recession is currently occurring. And several other countries are also struggling to avoid recession. But I think after the inflation that occurred in previous years it will be quite difficult to avoid a recession in the end. We personally just have to be prepared for all the possibilities that could happen. So I have been preparing myself since the previous years. Because I saw that the potential for a recession was very large after hearing that the Central Bank had increased interest rates in previous years. Since then I started preparing myself. But now several countries are starting to recover economically. But the majority are still in a situation that is quite difficult. Because it seems like most people are trapped in a recession at the moment. But it seems that quite a lot of Asian countries can avoid the current recession.

It's a shame that today's society is increasingly crying out for economic rights, not to mention inflation, now it's a recession, when will the suffering of the lower middle class disappear, it's okay for those of us who earn above the minimum can prepare by making savings for the future, but for the lower middle class how do they save, meanwhile Their income is just enough for one day's food, sometimes even then they don't have to borrow money from their neighbors. Regional and central officials have to be really serious about dealing with this recession, because it affects all levels of society, even today the price of basic necessities has soared, such as oil, rice and others. , the basic commodities that we consume every day continue to soar, what will happen to us in the future, talking about preparing, to what extent can we prepare ourselves for a recession, it is truly a shame what will happen to the people in our country in the future, hopefully there is a way out of this. all these problems.

A cycle, right? The lower middle class always gets the short straw, struggling to survive. Savings? Something so foreign to them it may be from another planet. We expect resilience without a lifeline

Our combined apathy and rising basic necessity prices are disgusting. We must demand more from our authorities than superficial remedies. It's about systemic transformation and policies that heal, not bandage. Access to education, financial knowledge, and healthcare are necessities
Preparing for recession? It goes beyond saving money. Building a society that can survive economic shocks. Change the topic from despair to determination. The future looks terrible, but it's not set in stone. We can create a path that thrives together

WillyAp

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Quote from: Hispo on March 14, 2024, 05:08:24 AM

...but of somehow the government of your country manages to keep the size of the economy to go up, then by definition there would be no recession going on. Though, it is true that a high inflation usually is linked to a deceleration of the economy.

Yeap exactly we learn that there are values set up just to play the public.
And as governments renew constantly we get all new ideas tested and failed several times over, just presented as new.

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Quote from: prosmmservice on March 14, 2024, 04:53:10 AM

Wait, isn't recession already going on? We have money but its not enough now. Everything is so expensive.

Inflation and recession are two economical concepts which are pretty much very different from each other, actually.
Inflation is about the change of prices of products and services for those who are the final consumers in the economy. While recession refers to a negative growth of the economy happening consecutively each period of time the economical growth is measured (I think it is measured each semester or quarter, for the sake of economic metrics).

So, the prices of the stuff you buy could be going up at some reasonable pace, but of somehow the government of your country manages to keep the size of the economy to go up, then by definition there would be no recession going on. Though, it is true that a high inflation usually is linked to a deceleration of the economy.

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Wait, isn't recession already going on? We have money but its not enough now. Everything is so expensive.

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Quote from: Jatiluhung on March 14, 2024, 02:20:51 AM

Quote from: kentrolla on February 24, 2024, 05:49:29 PM

People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.

I think that in several countries a recession is currently occurring. And several other countries are also struggling to avoid recession. But I think after the inflation that occurred in previous years it will be quite difficult to avoid a recession in the end. We personally just have to be prepared for all the possibilities that could happen. So I have been preparing myself since the previous years. Because I saw that the potential for a recession was very large after hearing that the Central Bank had increased interest rates in previous years. Since then I started preparing myself. But now several countries are starting to recover economically. But the majority are still in a situation that is quite difficult. Because it seems like most people are trapped in a recession at the moment. But it seems that quite a lot of Asian countries can avoid the current recession.

The economic situation of each country is different, some countries have been confirmed to be in recession since last year, but some are not yet. Most major economies such as the US or China have almost escaped recession and their economies are gradually entering the recovery phase. That is shown by the fact that the Fed is planning to start lowering interest rates this year.

Personally, I don't think there will be a large-scale recession. Although corporations continuously announce layoffs, if you pay attention, most companies report quite good revenue and profits. All stocks are growing very well, how can you say they are facing difficulties?

Kriptogram14

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Quote from: Jatiluhung on March 14, 2024, 02:20:51 AM

Quote from: kentrolla on February 24, 2024, 05:49:29 PM

People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.

I think that in several countries a recession is currently occurring. And several other countries are also struggling to avoid recession. But I think after the inflation that occurred in previous years it will be quite difficult to avoid a recession in the end. We personally just have to be prepared for all the possibilities that could happen. So I have been preparing myself since the previous years. Because I saw that the potential for a recession was very large after hearing that the Central Bank had increased interest rates in previous years. Since then I started preparing myself. But now several countries are starting to recover economically. But the majority are still in a situation that is quite difficult. Because it seems like most people are trapped in a recession at the moment. But it seems that quite a lot of Asian countries can avoid the current recession.

It's a shame that today's society is increasingly crying out for economic rights, not to mention inflation, now it's a recession, when will the suffering of the lower middle class disappear, it's okay for those of us who earn above the minimum can prepare by making savings for the future, but for the lower middle class how do they save, meanwhile Their income is just enough for one day's food, sometimes even then they don't have to borrow money from their neighbors. Regional and central officials have to be really serious about dealing with this recession, because it affects all levels of society, even today the price of basic necessities has soared, such as oil, rice and others. , the basic commodities that we consume every day continue to soar, what will happen to us in the future, talking about preparing, to what extent can we prepare ourselves for a recession, it is truly a shame what will happen to the people in our country in the future, hopefully there is a way out of this. all these problems.

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Quote from: kentrolla on February 24, 2024, 05:49:29 PM

People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.

I think that in several countries a recession is currently occurring. And several other countries are also struggling to avoid recession. But I think after the inflation that occurred in previous years it will be quite difficult to avoid a recession in the end. We personally just have to be prepared for all the possibilities that could happen. So I have been preparing myself since the previous years. Because I saw that the potential for a recession was very large after hearing that the Central Bank had increased interest rates in previous years. Since then I started preparing myself. But now several countries are starting to recover economically. But the majority are still in a situation that is quite difficult. Because it seems like most people are trapped in a recession at the moment. But it seems that quite a lot of Asian countries can avoid the current recession.

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Quote from: kentrolla on February 24, 2024, 05:49:29 PM

People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.

I was equally a victim of one of those who where stopped from there place of work because of COVID-19. What I understood was that there where alot of manpower employee which was employed eirler before the the COVID 19 and companies where looking for a way of reducing the manpower or work force but didn't know how to, but used the COVID-19 opportunity to reduce some numbers of workers and stick to some fewer workers. I believe most companies are banked rupt and don't have enough money to hire workers thats why unemployment rate is everywhere. There is no much product except for the mini company but most multi companies has crashed after COVID. and other natural disasters like flood and earthquakes from the country that has such problem always. So any country that faces this natural disaster problem will always find it difficult to get employment because most companies will take time to get fund to start again.

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Quote from: Uhwuchukwu53 on March 12, 2024, 02:20:49 AM

From my perspective of reasoning see it as result of many large companies adopting the use of AI to work in certain area of man power, allot of machine are already on ground that can handle some man power which will take a month with 20-30 persons in a day, in situation like this companies will lay off some of their man power.

Recession can't just happened with just few numbers of worker lay off , but if eventually all company and firms adopt the use of AI where it limit the number of worker as few will be required to operate the AI it can be seen as recession in workers perspective.

In fact, a recession occurs when we see overall economic activity decreasing and we can see this from the slowdown in economic growth in a certain place over a certain period of time. So, do you want to look at it locally or globally, Apart from that, there has been a decline in sluggish consumer demand due to weak people's incomes due to difficulty in finding money or other financial crises.

For the worker sector, AI technology cannot necessarily be justified in its use as the main cause if seen from cases of its use. The new perspective is correct if its massive adoption by large companies throughout the world has occurred everywhere. Well, that can only be said to be in the category. However, if only a small amount of use may not be the dominant cause. I think there is another, more reasonable reason that the dominant people now find it difficult to earn money and its value is low when spent.

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Quote from: kentrolla on February 24, 2024, 05:49:29 PM

People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.

From my perspective of reasoning see it as result of many large companies adopting the use of AI to work in certain area of man power, allot of machine are already on ground that can handle some man power which will take a month with 20-30 persons in a day, in situation like this companies will lay off some of their man power.

Recession can't just happened with just few numbers of worker lay off , but if eventually all company and firms adopt the use of AI where it limit the number of worker as few will be required to operate the AI it can be seen as recession in workers perspective.

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Quote from: kentrolla on February 24, 2024, 05:49:29 PM

People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.

The problem is everywhere and we need to understand that this is not going to end im time soon. We need to keep working and doing what we need to be doing to keep food on our table. It is not easy for family men feeding there wife and children especially someone that has plenty of children. Life is hard and we need to know what we need to doing working extra hours for us to make sure we have enough funds to take care of our children.

The inflation keeps increasing and people complaining of problems here and there not having enough funds to take care of there families. Food is becoming expensive why salary is never increasing. Something need to be done about this or else there will be more crime in the society because of quest for money.

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certain countries are facing difficult time with economy i think not because we are supposedly going into recession though but because some countries are just lacking innovation since they are industrial country where they produce good lacking in that sector would mean lesser annual income for the country itself I guess.
so far im not really bothered by it though I invested in bitcoin I know bitcoin could grow easily and counter the inflation even go way beyond the inflation doubling my money so instead with the bullrun of bitcoin im getting a really good time right now with my financial condition though arguably my investment is only very few its really helps a lot.
bitcoin going up at the time like this is really such a refreshing gush of wind that really spare many of us from being drowned into recession and getting our purchasing power plummeted because of it.

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Quote from: kentrolla on February 24, 2024, 05:49:29 PM

People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.

Just because some companies are laying off people doesn't mean we ‍are headed for a recession anytime soon. Laying off workers is a specific strategy adopted by companies to maximize profits. Moreover, the world is now much better off from the COVID-19 economic situation. Moreover, since the current situation is dependent on technology, people are engaged in earning more from home or some are choosing to become entrepreneurs. Moreover, when people cannot create jobs, it also means that the country's human resources are much more than the requirements i.e., overpopulation.

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Quote from: Erasmo967 on March 08, 2024, 09:28:24 AM

Looks like it is going to happed.

A recession is typically defined as a significant decline in economic activity across the economy, lasting for a sustained period of time. This decline is often marked by a contraction in Gross Domestic Product, rising unemployment rates, reduced consumer spending, and decreased business investment.

There are no signs that point to it, yet according to what you said "it looks like it will happen" every recession will always be preceded by a worsening of the economy due to major events or shocks like the last "Covid", or is it is true that you said that the decline in purchasing power and is unemployment rate are increasing big. It is possible that only certain countries may have an impact, and it may not and has not yet been seen in European countries, which are the mainstay of economic development. But even if it happens, hopefully it won't drag on like when the Covid hit. It's enough that now the impact is still felt in developing countries, it's hard to find work, making it difficult for purchasing power to meet the needs of a decent living.

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Quote from: Erasmo967 on March 08, 2024, 09:28:24 AM

Looks like it is going to happed.

It has already happened.
Japan unexpectedly slips into recession, Germany now world's third-biggest economy
We're now just waiting for US to announce it but it seems they're tough and won't be reporting anything like that.

Quote from: Erasmo967 on March 08, 2024, 09:28:24 AM

A recession is typically defined as a significant decline in economic activity across the economy, lasting for a sustained period of time. This decline is often marked by a contraction in Gross Domestic Product, rising unemployment rates, reduced consumer spending, and decreased business investment.

An overall down in the economy and that's why when a country goes through a recession, it hits a lot of citizens that are on the threshold of being poor to the middle class.

Topic: Recession soon? - page 3. (Read 1428 times)