Deutsche Bank Forecasts U.S. Recession For 2023-24

Shabazz

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depends on where you're located, if you're in a prosperous city you're gonna see housing prices rise to levels never seen before, if you're in a dying city the bubble is gonna pop hard
Damn
 

JLova

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What’s their record?

Did they forecast the 2008 collapse?

If not…:snooze:

Inflation going through the roof with no end in sight. The Ukraine war really ducking everything up but not just that. Interest rates are going up up up to combat inflation it’s so bad that thry will have to really raise rates and the market is building in a shytload of rate hikes. We will see a recession unless some crazy shift happens. shyt may really get spooky. A lot of countries will be in the same position.
 

Oldschooler

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The used car prices are just pure greed.... let's be honest
Used car prices are a reflection of car companies slowing down their supply chain for new cars. Whether you believe that the slow down of the supply chain, chip shortage is legitimate or not is a topic for another discussion. There's no doubt in my mind that oil producing countries/companies and all other manufacturers claiming "shortages" are taking advantage of the situation. There's truths to both sides though.
 

Oldschooler

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Inflation going through the roof with no end in sight. The Ukraine war really ducking everything up but not just that. Interest rates are going up up up to combat inflation it’s so bad that thry will have to really raise rates and the market is building in a shytload of rate hikes. We will see a recession unless some crazy shift happens. shyt may really get spooky. A lot of countries will be in the same position.
Raising interest rates is a necessary evil to combat runaway inflation. As a consumer the solution is simple try not to borrow money and go into debt. Then you won't really be bothered by rising interest rates.
 

JLova

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Raising interest rates is a necessary evil to combat runaway inflation. As a consumer the solution is simple try not to borrow money and go into debt. Then you won't really be bothered by rising interest rates.

I didn’t say that it wasn’t necessary. Thry gonna have to raise rates to ridiculous levels to combat inflation and that will wreck the economy.

it’s rich to make that comment when your own country was printing money and handing it out like candy. I said on this very board 2 years ago that inflation was going to go through the roof. Look it up.

this goes beyond over-leveraged people. It impacts everyone. Look at all the businesses that borrowed money to get through the pandemic. That filters down to jobs. A lot of people gonna get wrecked..not just borrowers.
 
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