Spooooooky!!! Anyone else feel like we're in eerily similar times today as we were in 2007-2008. Only top 20% have more savings than pre Covid

[GnauzBookOfRhymes]

U.S. created 500,000 fewer jobs since 2018 than previously reported, new figures show

SO they were most likely lying about the numbers

 

[phcitywarrior]

U.S. created 500,000 fewer jobs since 2018 than previously reported, new figures show

SO they were most likely lying about the numbers

To be fair, this always happens. They always revise the initial survey results.

 

[GnauzBookOfRhymes]

A sell-off worse than December can arrive in a week, says analyst who is predicting 'Lehman-like' drop

 

[hashmander]

To be fair, this always happens. They always revise the initial survey results.

they just got used to upward revisions since 2010. when things are positive they are usually more positive and when things are negative they are usually more negative.

 

[GnauzBookOfRhymes]

OK brehs, ready?

Survey: US business hiring hits 7-year low as sales slow

Yahoo is now part of Verizon Media

 

[Berniewood Hogan]

Yahoo is now part of Oat..... Verizon Media?

 

[Futuristic Eskimo]

OK brehs, ready?

Survey: US business hiring hits 7-year low as sales slow

Yahoo is now part of Verizon Media

Are you actively betting on the market to go down?

 

[GnauzBookOfRhymes]

Are you actively betting on the market to go down?

I'm not really in the stock market aside from college saving accounts. Only real estate. I thought about dabbling just to short but I decided not to only b/c I'm just not as confident in terms of pin pointing which stocks might truly crater. The business tax cuts that trump signed has really boosted company bottom lines, and that will only get better as they start to lay ppl off. Obviously there's a lot of downward pressure due to the fact that many consumers are dead broke and without the tax cut I would've been more confident that stock prices will drastically fall. But there are still some sectors that will continue to grow (health care/tech), and even during a recession etc there are plenty of people making lot of money. This recession will fall almost exclusively on the middle/working class/poor. They're going to get brutalized. Not sure that's going to move the market enough to justify putting money in. e

I do know that there is and will remain critical housing shortages in most major cities, Chicago (where I am) included, especially with multi family units. Even if single family homes continue to slide and the market weakens, multi family's are pretty much insulated and in fact sales/prices have remained very strong. That's where I put my money.

 

[Consigliere]

Yahoo is now part of Oat..... Verizon Media?

Yahoo getting passed around more than Chris Paul’s contract is the true sign that our economy is sinking.

 

[Berniewood Hogan]

Yahoo getting passed around more than Chris Paul’s contract is the true sign that our economy is sinking.

Yahoo is now part of the Wu Tang Clan

 

[GnauzBookOfRhymes]

https://www.washingtonpost.com/busi...omic-growth-slips-percent-pace-third-quarter/

The U.S. economy cooled over the summer, growing at a 1.9 percent annualized pace from July through September, the latest sign that the slowdown is deepening.

The data, released Wednesday morning by the Commerce Department, came as economists anticipated slightly weaker growth following President Trump’s decision to dramatically expand his trade war with China in early August. That decision spooked business leaders and deterred them from making major investments during a period of so much uncertainty.

Consumer spending continues to power the economy, but business investment has now contracted for six straight months, falling 3 percent in the third quarter, the biggest drop since the end of 2015. A number of companies have said they are pulling back because of economic uncertainty, particularly related to whether trade rules will be shifting with China and other countries. Spending on both structures and equipment was deeply negative.

 

[ahomeplateslugger]

there will be a dip in the market eventually but i'm starting to feel like it won't be as bad as ppl are making it out to be. we'll get something like 25-30% imo. the market has been stagnant for several months and that's good considering the trade war is weighing it down. whenever there's a potential resolution to the trade war or agreement the market gets a nice bump. imagine the gains the market would have made if this trade war talk went better.

 

[Consigliere]

The market is barely keeping up with the inflation rate. Probably worse if you aren’t invested in a straight index or seeing big returns from tech/FAANG/blue chips.

What are investment profits looking like after paying taxes?

With another rate cut coming what’s going to happen when the market finally corrects itself?

 

[Json]

The U.S. Housing Market Bubble Is About to Burst as Fear Sets In

The U.S. Housing Market Bubble Races Toward a Crash as Foreclosures Jump


All the work they are doing to pretend like nothing is wrong while the cracks keep appearing is what will make this crash worst than it should be.

 

[GnauzBookOfRhymes]

The U.S. Housing Market Bubble Is About to Burst as Fear Sets In

The U.S. Housing Market Bubble Races Toward a Crash as Foreclosures Jump


All the work they are doing to pretend like nothing is wrong while the cracks keep appearing is what will make this crash worst than it should be.

Yup! But I don't even sweat that shyt. All I care about is the rent. And as all of these people lose their houses you're going to see the rental market stay very strong.