Recression is here to stay | Bitcointalksearch.org

Theones

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Quote from: Vinaa77 on August 09, 2022, 10:32:19 PM

Crying is not a reliable solution, but some people are also unable to go through the process of making themselves financially stable. Although it is indeed a good thing and should be achieved by everyone. But it also can not be achieved instantly in the near future. That is what still causes some people to cry and complain today.

Absolutely it will stay there...The world has seen so much in past two years - lots of death - business closing
People getting frustrated and longing for more and more money.
It is not going to end anytime sooner

Vinaa77

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Quote from: Theones on August 08, 2022, 06:49:29 PM

Recession is new normal I really like what 325btc mentioned.
Now even if we make huge cries - we have no option - the only solution is achieve financial stability.
Because protest and cries are not going to work - you have to make yourself financially stable.

Crying is not a reliable solution, but some people are also unable to go through the process of making themselves financially stable. Although it is indeed a good thing and should be achieved by everyone. But it also can not be achieved instantly in the near future. That is what still causes some people to cry and complain today.

fiulpro

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Recession does not necessarily mean that the prices will drop down suddenly making things more affordable as well, what will happen is usually " people won't get raise on the job " do you know any companies who actually try and help it's employees that soon ? The recession will make things worse. Recession won't make things cheaper always, it can cause initial break in the inflation but at the end it can cause the inflation to be even worse as well. What about the rise in the unemployment rate in the recession as well? What's gonna happen then ? People are going to leave their Job as well. People also won't be getting any increment in the future as well.

Mometaskers

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Imagine thinking recession is a good thing. Did we somehow found CNN's account?

It's just going to make the existing high inflation and unemployement worse. Everyone just got their money's value slashed, assuming they are still even making some.

BlackHatCoiner

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Farewell, Leo

I guess OP is being ironic?

Quote from: NotATether on August 09, 2022, 05:35:42 AM

I would also like to add that recessions generally happen on an 8-year cycle

This belongs to the short-term debt cycle. The deep recession we're currently going through belongs to the long-term debt cycle, and is also known as the Fourth Turning[1]. According to the Strauss–Howe generational theory[2], the previous recession (or crisis generational-wise) was the Great Depression[3].

[1] https://brandonquittem.com/bitcoin-rhythms-of-history/
[2] https://en.wikipedia.org/wiki/Strauss%E2%80%93Howe_generational_theory
[3] https://en.wikipedia.org/wiki/Great_Depression

Fortify

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Quote from: 325btc on July 29, 2022, 01:03:09 AM

Yes recrsssion is here to stay
Thts good.the prices will drop down so inflation dont hurt PEOPLE so much.
Recression is new normal

It seems like you know little about economics even though you make proclamations so confidently. Boom and bust is an economic cycle that has been around ever since free market capitalism existed, probably a long time before. People get happy, borrow a lot, spend a lot and then realize they have to pay it back which requires tightening spending a lot. Many politicians and central bankers have tried, then failed, to break this cycle over time but it seems as reliable as the sunrise each morning or the movement of the tides.

Apocollapse

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Actually inflation do hurt most of people and that's why they're invest on Bitcoin to prevent from inflation.

If you're an entrepreneur and have many successful business, of course inflation won't hurt you so much since you can increase the price of your items or stuffs. But most people who live only from single source e.g. become an employee will have so much different due to high inflation. The inflation can cost them 5% more, but their salary only increase around 1%-2%.

Haunebu

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Hilarious opinion op. You need to research what recession means before spewing this crap here and there. Recession is a bad thing thanks to high inflation rates, high unemployment rates etc and it screws many people.

Most people expected it thanks to COVID, but pathetic Putin and his costly war accelerated it around the world which paints a dark picture for our future.

avikz

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Quote from: 325btc on July 29, 2022, 01:03:09 AM

Yes recrsssion is here to stay
Thts good.the prices will drop down so inflation dont hurt PEOPLE so much.
Recression is new normal

Lol! Your statement shows that you have zero idea of what a recession is! Price never drops down due to a recession. Rather it increases the price of commodities because the purchasing power of a currency reduces. If a commodity costs 100 USD today, it will cost 106 USD tomorrow if the inflation is 6%.

Inflation is a pretty normal thing. It happens everywhere. But high inflation is a challenge and there are several measures available to control it.

livingfree

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How come that inflation would drop prices and it's okay for the people? I don't think that you're really understanding the whole situation and how these high inflation rates are hitting each of us.

Although I'm starting to see the light since the oil prices for the past weeks have been dropping. It's not that a lot but it helps to cope and at least slow down the inflation rate and the price of commodities.

NotATether

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Quote from: Don Pedro Dinero on July 29, 2022, 01:12:07 AM

You have no idea what you are talking about. With the rate hikes, prices are not going to go down, they are going to moderate the rise, which is not the same thing. If they go up by 6%, obviously, they will hurt less than when they have gone up by 10%, but a 6% increase in the future is in addition to what prices have gone up. The only thing that can save people from being hurt by inflation is that salaries rise above it or that they have investments that beat it.

As for how long the recession will last, it depends. With the powerful arguments you provide to defend that the recession will last, I don't even know how to begin to refute you.

Well said.

I would also like to add that recessions generally happen on an 8-year cycle or something close to that (could possibly be 6-7 years), at least that's what I heard from some senators on the news.

Markinzo

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Succinctly put, this is just a mere assumption with no facts to back it up as to why you feel so well that recession has come to stay. The good thing about this your message is that this current recession we're all experiencing is not the first the world has experienced and it wouldn't be the last, cause worst situations beyond this recession has taken place buy with time things were normalized with a good sense of moderation to the standard of living.

Next time bring forensics to the table along with your statements and not just based on mere assumptions, as it could only be creating fear into people. For this is a moment we need to encourage one another about the current situation and not the other way round.

EAnderson64

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We are in a recession since the conditions are getting worse and worse. More jobs are open because there are more people have to work 2 jobs... inflation, everything going up and our money being worth less are making it difficult. Our gdp is also worse, so if you check the real definition of recession, we are already in it and will get worse everywhere.

adaseb

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We keep hearing the word recession however it doesn’t look like we are in a recession. The job market is very tight, very low unemployment rates and inflation still rising. Everything has been predicting a recession for over a year but are we in a recession yet? Doesn’t seem like it.

Sure the GDP was low for 2 periods however the job market is very hot and people are buying stuff like crazy. Which fuels this inflation.

edgycorner

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Quote from: 325btc on July 29, 2022, 01:03:09 AM

Yes recrsssion is here to stay
Thts good.the prices will drop down so inflation dont hurt PEOPLE so much.
Recression is new normal

You again

You simply fail to understand the complexity of current stagflation. Even though we are going through a period of inflation, but the demand isn't going down. It's a weird recession(if it can be called one).

Anyhow, if it stays(as you wish), even then it won't have that dampening effect on the price. Why? Because jobs are here to stay for a while due to baby boomer exodus. They are retiring, which in turn is creating job openings and producing a deflationary effect. People will continue to earn and spend.

There's also the factor of money printing by feds which plays a more crucial part here. What we are seeing right now is an after effect of their money printing, things are going back to normal, and economy will finally show the damage all the money printing has done. But I am guessing when that happens, Feds will just start pumping again lol

So yea, we aren't really in a recession(since people still got jobs). Weird times.

Theones

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Quote from: Zilon on July 29, 2022, 03:13:34 AM

We might not experience any recession yet with the current inflation rates until demands starts to drop and a steady decline in economic activities sets in. Seeing recession as a new normal is like seeing a projected sharp bend in prices which seem some what impossible except the government can create policies that will harm industries and at the same time boast their monetary supply almost spontaneously

Recession is new normal I really like what 325btc mentioned.
Now even if we make huge cries - we have no option - the only solution is achieve financial stability.
Because protest and cries are not going to work - you have to make yourself financially stable.

Zilon

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Bitcoindata.science

We might not experience any recession yet with the current inflation rates until demands starts to drop and a steady decline in economic activities sets in. Seeing recession as a new normal is like seeing a projected sharp bend in prices which seem some what impossible except the government can create policies that will harm industries and at the same time boast their monetary supply almost spontaneously

mk4

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Higher unemployment, higher poverty rates, businesses closing, lower incomes, lower public spending, etc.

You: "Thats good"

Seriously mate. Having your own opinions is fine, but you're making topics with really bad takes like almost every single day; sometimes even multiple times a day. Do some reading.

bittraffic

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Quote from: Don Pedro Dinero on July 29, 2022, 01:12:07 AM

You have no idea what you are talking about. With the rate hikes, prices are not going to go down, they are going to moderate the rise, which is not the same thing. If they go up by 6%, obviously, they will hurt less than when they have gone up by 10%, but a 6% increase in the future is in addition to what prices have gone up. The only thing that can save people from being hurt by inflation is that salaries rise above it or that they have investments that beat it.

As for how long the recession will last, it depends. With the powerful arguments you provide to defend that the recession will last, I don't even know how to begin to refute you.

This is why stimulus might become again, money printers will go brrr again for people to have funds despite being jobless. But I don't think the prices of food or gas will drop like what OP is thinking. Jerome Pal has not said there is a recession actually. They don't say it but they just want us to feel it.

The recession will last for a long time until leaders will really have a concern about the priority. The transition from gas dependent to renewable energy will be very slow. This route is full of suffering.

Don Pedro Dinero

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You have no idea what you are talking about. With the rate hikes, prices are not going to go down, they are going to moderate the rise, which is not the same thing. If they go up by 6%, obviously, they will hurt less than when they have gone up by 10%, but a 6% increase in the future is in addition to what prices have gone up. The only thing that can save people from being hurt by inflation is that salaries rise above it or that they have investments that beat it.

As for how long the recession will last, it depends. With the powerful arguments you provide to defend that the recession will last, I don't even know how to begin to refute you.

325btc

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Yes recrsssion is here to stay
Thts good.the prices will drop down so inflation dont hurt PEOPLE so much.
Recression is new normal

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