Topic: Recession soon? - page 5. (Read 1429 times)

In conditions like now, everyone may still be able to invest in good and profitable places. So there should be no need to postpone this any longer if we all still really care about a good future because when conditions become more difficult it certainly won't be easy for most people to make any investments. Apart from only meeting basic needs every day, good things such as investment and important savings must be immediately provided in conditions that are more possible like now.

The best efforts that can bring benefits in the future must be made now by everyone if they still believe in uncertain conditions in the future. Because we can all see how people who have worked hard beforehand in good conditions are able to handle every problem in difficult conditions by relying on sufficient experience and finances for themselves and also for their own families. So we all have to be better prepared before bad conditions occur so that we can save ourselves from any difficulties in the future.

Yes as long as you have a secure job with decent income to manage your daily expenses and a bit to invest into either crypto or stocks or something else it looks good and yeah inflation seems to calm down which is a good sign but professionals need to think of AI and to what extend it could take their job away and should be cross skilled in order to survive.

Indeed, it is our obligation to prepare the needs we need in the face of an uncertain situation and the price of goods cannot be controlled and will continue to increase, so it is very necessary for us to have investments that we can hold to be able to meet our needs in the future, this is something It is very important for us to be able to have investments and if we don't have investments of course we have to immediately look for several sources of income that we can save and also invest for the future.

I agree that it is going to take a while for people to get used to it, we are all aware that it will take some time and it will not be simple. I personally believe that we are going to end up with something much better on the long run, I hope that it will take a while before we could end up getting some people to realize that being prepared doesn't mean that you need to find a job before you get fired, it just means that you should not live pay check to pay check.

It doesn't matter if you have to just eat rice and drink water and live at poverty levels for a while, if you have to then you have to, find a cheaper rent house, find cheap food, live terribly if you have to for a while, but have 6 months worth of salary on the side. So if you get fired, you would have 6 months to find another job. After you have that kind of cash, you can go back to living a normal life with all of your salary.

That is just pretty normal right since the company is having a huge problem they just can't sustain enough employees when COVID-19 hits there are a lot of employees that is caught in recession if they will not do that the company might not survive. Probably there were just politics on some companies or people that just doesnt want to do their job on it, I do not really see it yet for sure there is some possibility that another global disaster could hit that might result like what happened on COVID 19 but it doesnt really matter. You could just focus on your own career and personal growth, personally, I dont really think that finding a job is gonna be difficult, I think finding a job is easy because there are tons of jobs out there, but finding the perfect job that you like is going to be difficult. But it is a recession is always the case when a country experiences negative GDP, there will be a huge amount of people that are going to be unemployed,not to mention there are huge inflation, and probably the country has some huge debt.

Its a worthy question but I think only a light technical recession could be registered which is where only a figure close to zero is recorded in 2 quarters sequentially.   Thats more of a pause then a real recession which used to be a few percent of GDP lost from I remember of these things, they havent been common for some time now thanks to QE

That is your answer, with QE yet to be rescinded or reversed, we continually are dealing with the effects of inflation.  If government actually measured inflation accurately and adjusted GDP growth for this loss we'd then see the recession and poor growth.    Accurate data that causes problem for those who measure is hardly the outcome I would expect.   There are losses but they are not universal or equal in their effects, some people benefit from inflation and others dont certainly I think growth is much lower then it should be in most industries.

I am not so afraid of another recession looming around the corner. We just got out of the covid recession and even the Russia-Ukraine and Israel-Hamas war is not sending the world into another crisis. The global inflation seems to cool down and interest rates could even be lowered later this year. Once we get to lower interest rates again the economy should be picking up. It's true that businesses are looking to reduce staff, which is not only due to a worse economic outlook but also the efficiency gain from Ai. So many companies are relying on Ai already and will do so more heavily in the future. We are seeing now a transformation of workplace like in the industrial era with the invention of the steam engine. More and more jobs will become automated and it's just not important anymore to have a large workforce. I wouldn't worry so much about the global economy, but rather focus on our own future. As long as our job is secure and we have enough free money to invest in cryptos every month we are doing well and are prepared for the future.

You named it correct. They overhired in while COVID. During COVID millions of new jobs were created alone in the tech field. Companies like Amazon nearly doubled their workforce during that time. So it is absolutely no wonder that things have now returned to normal. If you believe the statistics, there are enough open jobs, but they are usually not as well paid as tech jobs or similar.

The COVID-19 pandemic dealt a brutal blow to the global economy, leaving many workers scrambling to pick up the pieces. Layoffs became commonplace, not just due to health concerns and lockdown measures, but also due to a sluggish economy and the increasing automation of jobs. This was a stark reminder of the ever-evolving nature of the workplace, where machines and robots are steadily encroaching on traditional human roles.

The first step is acknowledging the economic realities. We, as individuals, need to be responsible with our finances. Learning to live within our means is essential, allowing us to create a buffer for unexpected circumstances and avoid falling into debt. Building emergency savings provides a safety net during periods of unemployment or economic hardship. Additionally, exploring and understanding the world of responsible investment can help us secure long-term financial security.

The rise of automation demands a shift in our approach to work. While some jobs disappear, others emerge. Identifying and acquiring skills that are difficult for machines to replicate is crucial. This could involve areas like creativity, critical thinking, complex problem-solving, and interpersonal communication. Continuous learning and upskilling will be paramount in the years to come.

Recently the government of my country decided to merge public corporations because they want to reduce the cost of governance. This restructuring will lead to job losses and further make the citizens poor. But the salaries of top government officials have been increased and more benefits added. They created more ministerial portfolios because they wanted to settle their cronies. Senators rejected a cheaper locally made car for a more expensive one. The presidential budget included provisions for private jets and luxury yachts for the president's son. When the economy is bad it is only the common man that suffers top politicians and executives are exempted from austerity measures. Artificial intelligence is not popular in my country, so technology is not the reason for this recession. I have to accept pinggoki that the main reason for this layoff is that some top executive wants the poor to cut costs meanwhile they have increased their standard.

Of course, with the current situation, the economy is uncertain and what is clear is that recession is an aspect that cannot be separated from the economic cycle. The key is that we have to be ready and be smart to adapt. As happened in the past and even recently, during the pandemic there were many layoffs due to the crisis.

So before all that happens we have to prepare as early as possible, at least we have to prepare to own rental property, bitcoin investment and business. So keep doing the job you have now so you can increase your net worth. Even if a world recession occurs, we are ready to face it all.

It is not really uncommon though, we have seen these type of things in many cases and should not be really all that crazy we should definitely consider this situation to be something like a part of our life. When you get ready for it like that, as in "oh yeah this happens once a decade" then you will be more ready for it when it happens.

I know a friend who got ready for another crash after 2008, and he was so ready at around 2017 that if it happened he would be wealthy, then he did so with 2020 pump and then got out and now living a retired life at age 38. This is why you should always expect the worst to happen, it may not feel smart when you hear it like that but it's actually quite possible to do very well if you are ready.

Or it was all just again just fear induced by the media?
Quoting gentlemand as this will never get old:


By what definition?
The US economy is growing and outpacing eveything else by the $ that those percentages represent, the US economy basically added South Korea as a state growing by 1.6 trillion!

The geopolitics mostly affect the price of some raw materials which are common in countries which end up being sanctioned by western countries, but I don't see how any of those situations could affect the price of the stocks as much as the COVID pandemic did back in the first quarter of 2020. One does not need to go as far, just look to what happened to the price of oil and gas when the Russian energy exports were restricted by the sanctions of the United States and Europe, basically the price of the Kw/h skyrocketed in Europe, electricity had to be rationed for the government not to run out of gas during the winter of 2022. Sure, some stocks of companies which highly depends on their energy consumption/generation could have seen some dramatic change in the price of their stocks, but in the USA it was not so dramatic.
In the case of Palestine and Israel, those countries do not have a significant production of any raw material, the most impactful thing we have seen going on in terms of global economics is the Suez channel being seized by rebels backed by Iran.

I am not trying to say I am optimistic, do not misunderstand me, but I do not see any reason yet to panic and call this year to be a bad one. It has just begun, after all.

If an Economic Recession occurs suddenly for governments, companies and so on, this occurs due to many factors, for example: measured in terms of GDP and GDP in several consecutive quarters, it will significantly influence the global economic shock, high inflation, technological changes, debt and so on, I think the recession that caused layoffs has no effect on Covid-19, that's an old story.

I am sure that the recession that occurred in your area and the mass layoffs occurred were caused by currency inflation, ballooning debt or unstable domestic product which meant that raw materials did not meet the company's targets, Indeed, currently many countries and governments or private companies in various countries are having problems with the economic recession, so they have to take layoff policies, factors as I said above.

It is not really that "hidden", higher rate means more money from doing nothing, and that means no more jobs, whereas lower interest means no money without working, so higher employment. It is as simple as that and there is really nothing that anyone can do.

We just need to end up with anything that would allow both low inflation but also low interest rate to prevent high unemployment. For some reason many people think that is not possible but the reality is that it is quite possible and has happened many times before, as recent as before the pandemic. So there could be a recession, it could happen even right now and we can't really make it work with another recession this early, so we need to lower the interest rates eventually.

Economic uncertainty looms in 2024 with global chief economists divided in their outlook. Some anticipate a weakening global economy but others foresee a steadying or improving economic landscape. The International Monetary Fund (IMF) predict a slight decline in global growth this year with emerging markets driving much of the growth. Geopolitical tensions and geoeconomic fragmentation are expected to accelerate potentially impacting stock markets and economies worldwide. In the UK experts warn that the country likely slipped into recession at the end of 2023.

talking about recession, maybe it will be a little different in each country, maybe some are experiencing good economic growth but others are experiencing a decline. but i agree that nowadays it seems that companies in many countries are laying off their employees, on the grounds that they are in the process of efficiency or for various other reasons.

maybe it would be a good idea for the government to take part in this problem, because with more and more companies wanting to lay off their employees it will make the problem more complex in society. one way the government can do this is by creating more jobs and collaborating with companies so that they can get compensation on taxes, etc., so that there are no layoffs at their companies.

This is one of the disadvantages of technology though am not skeptical about the fact that technology matters a lot in the development of the world entirely, the way things are going if the world actualize their their aim in terms of technology people will lose more jobs because what's the need of hiring much manpower when I have a technology that can do this work for me with the help of few persons, recession doesn't mean that a country is doomed or totally financially incapable, it is just a period that a particular country has to step up their games in other to remain relevant and still bounce back strong without further economic woos as the case may be.

Indeed the current situation at hand is being so worrisome and unusual to our economy system in both national and international ranges.
Imagine the government of mine advising the public to engage more in skills and entrepreneurs so as to secure better lives them (government) might not be able to give them (the masses).
That indirectly sounds like a recession is coming. This government further explains why their are graduates whom are fit for the positions of the white collar job offices but yet they are not employed with the reasons that the occupied vacancies has not been vacated yet but still everyone is crying out loud of being jobless. We don't even know who are the ones occupying those said offices til date.