chakoo Posted May 20, 2022 Share Posted May 20, 2022 Yeah a recession is coming, even our current investors are telling us to watch our burn and make sure we have 18 months of runway. Even YC is sounding the alarm bells on possible raises in the fall or 2023. 1 Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted May 20, 2022 Share Posted May 20, 2022 I am glad to be in an industry (education) that is generally recession-proof. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted May 20, 2022 Share Posted May 20, 2022 48 minutes ago, sblfilms said: We are more likely than not about to have a 2022 recession. A 2023 recession would be extra spicy. The US economy is 'nowhere near a recession this year,' says an economist—but 2023 is a different story WWW.CNBC.COM The probability of a recession within the next year is 30% according to a survey of economists, but that outlook depends a lot on where inflation is headed. Quote Link to comment Share on other sites More sharing options...
Zaku3 Posted May 20, 2022 Share Posted May 20, 2022 1 hour ago, CitizenVectron said: I am glad to be in an industry (education) that is generally recession-proof. I imagine what I'm experiencing at work is a part of it. Alot of TV disconnects, not alot of calls, and alot of no's for service upgrades. Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted May 20, 2022 Share Posted May 20, 2022 4 hours ago, Commissar SFLUFAN said: Also, don't read this article with Peter Schiff if you value your sanity and the ability to sleep at night: A Recession Projection That Might Make You Weep - Puck PUCK.NEWS Peter Schiff, a notable “Gloom and Doomer,” accurately predicted the 2008 recession. Want to know what he thinks is headed our way this time around? Note: Schiff is a notorious libertarian "gold bug" that I personally can't stand but that doesn't make him entirely wrong A more reliable indicator, perhaps. 1 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted May 20, 2022 Share Posted May 20, 2022 @Kal-El814 - that's not an inaccurate indicator at all! 1 Quote Link to comment Share on other sites More sharing options...
Dodger Posted May 20, 2022 Share Posted May 20, 2022 I really need to figure out what to do with my truck. Lease is up in December. I should look into refinancing the balance. I wanted to get a used Honda or something but damn the prices of anything I looked around at are nuts. Barely lower than the new prices. I don’t need a truck but I’m not getting a 6 year loan on a $30000 2019 Accord either. Quote Link to comment Share on other sites More sharing options...
Brian Posted May 23, 2022 Share Posted May 23, 2022 Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted May 23, 2022 Share Posted May 23, 2022 What does that mean? Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted May 23, 2022 Share Posted May 23, 2022 1 minute ago, CitizenVectron said: What does that mean? This is good for bitcoin Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted May 23, 2022 Share Posted May 23, 2022 1 minute ago, CitizenVectron said: What does that mean? It means the government appears to be practicing fiscal austerity by not increasing spending to offset a slowing economy even though tax revenues are increasing. Quote Link to comment Share on other sites More sharing options...
Guest Posted May 23, 2022 Share Posted May 23, 2022 5 minutes ago, CitizenVectron said: What does that mean? The Covid slush funds have dried up and this senate isn’t passing any new spending beyond the stuff to keep things going, and wars of course. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted May 23, 2022 Share Posted May 23, 2022 Counter cyclical spending and then cutting back once the economy is back on track (and it is…or was) is good and fundamentally Keynesian, but having a non responsive legislature means that out of necessity the fed overreacts and instead of gradual withdrawal but we’re going cold turkey on fiscal support 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted May 25, 2022 Share Posted May 25, 2022 1 Quote Link to comment Share on other sites More sharing options...
rc0101 Posted May 26, 2022 Share Posted May 26, 2022 Fed Funds at 2.6% is interesting Quote Link to comment Share on other sites More sharing options...
Massdriver Posted May 26, 2022 Share Posted May 26, 2022 There is infrastructure spending that will be multi year for fiscal support. The Fed pretty much has to be aggressive at this point. The risk inflation poses on everyone is too high. They should have raised a lot sooner and they probably would not have to be as aggressive and we could have had a soft landing. I think a mild recession is more likely than a soft landing at this point. Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted May 27, 2022 Share Posted May 27, 2022 Imagine if our Rightwing party wasn't fucking insane. 5 Quote Link to comment Share on other sites More sharing options...
Uaarkson Posted May 28, 2022 Share Posted May 28, 2022 4 Quote Link to comment Share on other sites More sharing options...
Jason Posted June 10, 2022 Share Posted June 10, 2022 Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted June 10, 2022 Share Posted June 10, 2022 On 5/23/2022 at 8:31 AM, CitizenVectron said: What does that mean? Kegels Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted June 11, 2022 Share Posted June 11, 2022 From Gatorade to Kleenex, 'shrinkflation' is on the rise NYPOST.COM It’s the inflation you’re not supposed to see. From toilet paper to yogurt and coffee to corn chips, manufacturers are quietly shrinking package sizes without lowering prices. It’s dubbed... Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted June 14, 2022 Share Posted June 14, 2022 Oh yeah - it's gonna be a 75 basis points increase. Wholesale prices rose 10.8% in May, near a record annual pace WWW.CNBC.COM Wholesale prices rose at a brisk pace in May as inflation pressures mounted on the U.S. economy, the Bureau of Labor Statistics reported. Quote Wholesale prices rose at a brisk pace in May as inflation pressures mounted on the U.S. economy, the Bureau of Labor Statistics reported Tuesday. The producer price index, a measure of the prices paid to producers of goods and services, rose 0.8% for the month and 10.8% over the past year. The monthly rise was in line with Dow Jones estimates and a doubling of the 0.4% pace in April. Excluding food, energy and trade, so-called core PPI rose 0.5% on the month, slightly below the 0.6% estimate but an increase from the 0.4% reading in the previous month. On a year-over-year basis, the core measure was up 6.8%, matching April’s gain. The two PPI measures remained near their historic highs — 11.5% for headline, and 7.1% for core, both hit in March. The data is significant in that prices at the wholesale level feed through to consumer prices, which are running at their highest levels since December 1981. The consumer price index increased 8.6% annually in May, defying hopes that inflation had peaked in the spring. Quote Link to comment Share on other sites More sharing options...
Commodore D Posted June 14, 2022 Share Posted June 14, 2022 It's sad people could have been more prepared for this, but they were told in Q2 2021 that inflation wasn't a thing (pretty much everyday); but anyone that has vision of raw material prices was telling (could tell) you that it was going to be significant and last a couple years before the crash. Another one of those periods in life that you can make significant money if you pay attention and rotate properly. FYI the interest rate on I bonds is 9.62% through October 2022; throw in your $10k for the year if you haven't already. 1 Quote Link to comment Share on other sites More sharing options...
Anathema- Posted June 14, 2022 Share Posted June 14, 2022 9 hours ago, Commodore D said: It's sad people could have been more prepared for this, but they were told in Q2 2021 that inflation wasn't a thing (pretty much everyday); but anyone that has vision of raw material prices was telling (could tell) you that it was going to be significant and last a couple years before the crash. Another one of those periods in life that you can make significant money if you pay attention and rotate properly. FYI the interest rate on I bonds is 9.62% through October 2022; throw in your $10k for the year if you haven't already. It's mostly because of energy prices (read: Vladimir Putin). Quote Link to comment Share on other sites More sharing options...
Ricofoley Posted June 15, 2022 Share Posted June 15, 2022 This is wild. A Texas plant that exports natural gas to Europe is shut down, so it spiked natural gas prices in Europe but also lowered US prices at the same time, since it means that less US natural gas will leave the country. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted June 15, 2022 Share Posted June 15, 2022 1 minute ago, Ricofoley said: This is wild. A Texas plant that exports natural gas to Europe is shut down, so it spiked natural gas prices in Europe but also lowered US prices at the same time, since it means that less US natural gas will leave the country. When I first saw that story earlier today, I was utterly puzzled why the headline essentially said "Natural gas price drops as Texas terminal announces delayed opening". Quote Link to comment Share on other sites More sharing options...
Comet Posted June 17, 2022 Share Posted June 17, 2022 2 Quote Link to comment Share on other sites More sharing options...
Joestradamus Posted June 17, 2022 Share Posted June 17, 2022 That's seriously been so depressing. Our plan last year was to buy around this time right now, maybe towards end of the year. Despite growing salaries between my wife and I, we haven't been able to keep up with housing prices and now the rising rates pushing that even further. Who knows what the next few years will be like. And my wife would rather stay in California, so even higher prices, tougher outlook. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted June 17, 2022 Share Posted June 17, 2022 Everyone wants to fix the housing crisis in any way except by building more housing. 1 1 Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted June 18, 2022 Share Posted June 18, 2022 Free school lunches for all set to end, creating ‘perfect storm’ amid high inflation WWW.NBCNEWS.COM Congressional child nutrition waivers that allowed for free meals in school and other food assistance measures are expiring June 30. Advocates say it couldn’t come at a worse time. 2 2 Quote Link to comment Share on other sites More sharing options...
Gavin King Posted June 18, 2022 Share Posted June 18, 2022 Building a house, and put money down in December for it. Locked in my interest rate the other week at 5.0%. Kind of sad that I'm actually thankful for that because now it's over 6.0%, but do wish I could have locked in in December lol. We close end of July. Luckily still got a 2nd buyer for existing house this week, as I was worried after the first buyer fell through if that was a sign that the interst rate increases would make it harder to get a buyer. It's crazy what's happening, but if you can get approval, I'd say buy the house. Sounds weird to say, but even with the high costs, still likely better to start building equity than to not. It likely won't be better financially later. Refinance in a couple of years to likely get lower rate or take some equity out to help recover from stretching when you bought, or both. Either interest rates will go down again, or if they don't, you're probably then happy to get 5-6% and not 9%. House prices won't come down significantly any time soon. The growth might slow down, and even if there is a crash, it'll pop back up after a couple of years. Today, a starter home isn't actually a single family home, it's a townhome. 1 Quote Link to comment Share on other sites More sharing options...
Uaarkson Posted June 18, 2022 Share Posted June 18, 2022 45 minutes ago, Gavin King said: Today, a starter home isn't actually a single family home, it's a townhome. We don’t even have these where I live. Quote Link to comment Share on other sites More sharing options...
Brian Posted June 20, 2022 Share Posted June 20, 2022 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted June 20, 2022 Share Posted June 20, 2022 2 hours ago, ManUtdRedDevils said: Based on comments I’ve seen online I won’t like this Quote Link to comment Share on other sites More sharing options...
Jason Posted June 20, 2022 Share Posted June 20, 2022 1 minute ago, b_m_b_m_b_m said: Based on comments I’ve seen online I won’t like this He doesn't land on "build more housing, lots of it". Quote Link to comment Share on other sites More sharing options...
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