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

[null]

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.

don't care about currency devaluation brehs

 

[null]

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.

that's the herd psychology of an inflationary environment - people acting in anticipation of further future inflaton.

once it becomes entrenched it is hard to reverse.

 

[Mowgli]

Stimmys.

Liberal mandates

You had to know this was coming.

 

[-DMP-]

A recession != the Great Recession of 08.

could just mean we won’t be in a bull run any more

 

[Absolut]

Hopefully it causes house prices to drop. I’ve been saving for the last year and a half.

You’ll be waiting a while

 

[malleymal]

House prices aren’t going anywhere… they may go down, but with interest rates going up, your monthly payments will remain the same. Those cash buyers will still be there.

 

[Bumblebreh]

Hopefully it causes house prices to drop. I’ve been saving for the last year and a half.

Offshore investors are buying up as much real estate.

 

[NoGutsNoGLory]

Hopefully it causes house prices to drop. I’ve been saving for the last year and a half.

You know damn well the opposite will happen. Just build some more houses!!!!fukk this government.

 

[Alvin]

Gas airfares used cars all sounds like gouging to mme

Right in time for Donnie T to take back the White House.

please no

 

[Alvin]

Ain't shyt gonna happen
Y'all back on your doom and gloom bs since covid ain't popping no more

It's going to be a lot worse than that.

I feel like it's going to be one of these two

 

[null]

A recession != the Great Recession of 08.

it's the same "lost decades" (aka depression-ette).





ZIRP and QE (+debt) have been keepiing the zombie economy "alive".

 

[Alvin]

The used car prices are just pure greed.... let's be honest

they doing that because it's hard to buy new cars, supply and demand, limited supply and high demand means people can charge over what the car is worth

 

[Thavoiceofthevoiceless]

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.

Which is why they should have started raising them over a year ago instead to quell this problem instead of not doing so out of backlash fears.

 

[Piff Perkins]

Moderate recession, if it happens. Worth noting the US largely has a recession once a decade or so. Last one was 2008. Will this be as bad? No.

 

[humminbird]

hmmm no this doesn't work for me
how about we reschedule around never'oclock thank you