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Post by Deleted on Nov 22, 2019 6:37:20 GMT 10
Recessions and depressions aren't the same thing. A recession is kind of cyclical and is very likely to happen again. A depression is very unlikely to happen due to policies set in place now. Quite the contrary, I think a depression is likely because those self-same policies have been repealed or otherwise undermined by the current administration.
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Post by Deleted on Feb 29, 2020 1:42:33 GMT 10
I hate to say I called it.
Very uncertain and bleak times right now. Many are predicting this to be at least as bad as the 2008 financial crisis. However, it will be worse for most people since the governments don't have the resources to combat it that they did in 2008-09. We also have much less competent leadership.
Maybe in a decade when people finally get back on their feet, they will heave learned better than to elect a Republican.
As somebody who graduated college in 2007 and has not recovered from the last recession, this may be it for my career and future potential.
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Post by Deleted on Feb 29, 2020 6:56:11 GMT 10
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Post by Telso on Feb 29, 2020 9:40:10 GMT 10
It's mostly due to corona scare tho. That's quite different from a whole market collapsing back in 2008.
Qwerty likes this
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Post by Deleted on Mar 1, 2020 3:27:06 GMT 10
Well granted it only IS the stock market that’s currently healthy right now. The actual fundamentals of the American economy, such as underemployment and wage stagnation are...not good.
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Post by sman12 on Mar 2, 2020 1:26:05 GMT 10
While I don't see a depression ever happening, we might see a recession considering that companies won't see any earnings reports for the year (so far). 
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Post by Deleted on Mar 10, 2020 7:05:25 GMT 10
Oof, that’s almost net zero stock market growth for the entirety of Trump’s presidency. If he loses around 4K more points in DJIA, that’s sayonara to the so-called Trump boost.
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Post by sman12 on Mar 11, 2020 0:42:35 GMT 10
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Post by Cassie on Mar 11, 2020 2:44:32 GMT 10
I think at this point, there's a possibility
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Post by Deleted on Mar 11, 2020 8:10:25 GMT 10
Wow, what a horrible idea. Cutting payroll taxes will be the final nail in the coffin of Social Security and when that happens, America’s social safety net is toast.
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Post by SharksFan99 on Mar 11, 2020 10:20:31 GMT 10
There's a very real likelihood that Australia is about to enter a recession, our first since 1991. Not looking good for the stock markets around the world either.
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Post by Deleted on Mar 11, 2020 11:24:32 GMT 10
Payroll tax cut isn't going to make coronavirus go away. Recession looks all but inevitable now, we can only hope it's over by the end of the year.
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Post by SharksFan99 on Mar 11, 2020 21:53:25 GMT 10
Recession looks all but inevitable now, we can only hope it's over by the end of the year. I think Southern Hemisphere countries will generally fare the worse. The rate of coronavirus cases could slightly decline as countries in the Northern Hemisphere start to head into spring/summer, so I could see some countries' economies (such as the UK or Canada) making somewhat of a small recovery if the virus doesn't reach pandemic levels in the meantime. Obviously the global stock market will still be trading low given what's going on in the world and we will all see the effects of that, however I wouldn't say that we're about to head into a second great depression as per what this thread suggests.
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Post by Deleted on Mar 11, 2020 22:23:45 GMT 10
I would still count the U.S. among those unlikely to avoid the worst of a depression and slow to recover relative to other Northern Hemisphere countries, if only because the currently proposed solutions to both the pandemic and the economic warning signs have been to pour gas on it. Like it’s actually ridiculous, everything that has either been done or proposed so far is only going to make things worse for just a short-term staunching of the stock market bleeding.
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Post by Telso on Mar 12, 2020 5:10:50 GMT 10
]if the virus doesn't reach pandemic levels in the meantime. Well, it is officially a pandemic now.
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