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If we really do plummet into another major recession, it would be unusually fast. They're usually supposed to be cyclical, right?
Are You Ready for the Financial Crisis of 2019?
Five ways things could get bad for everyone
By Alex Williams
Overall, stocks are down 1.5 percent this year, after hitting dizzying heights in early October. Hedge funds are having their worst year since the 2008 crisis. And household debt recently hit another record high of $13.5 trillion — up $837 billion from the previous peak, which preceded the Great Recession.
I believe 2019 is going to be a repeat of 2008, except worse because the government is not going to have the tools or the competence to fight it.
You can say what you want about the bank bailouts under Bush and Obama, but they did help prevent Great Depression 2.0. We aren't likely to be so lucky this time.
15% unemployment, Dow 7000, and 500,000+ job losses per month by the 2020 election. That will be the record Trump will be running on.
Yes, I am ready to gobble up stocks after they plummet. I haven’t bought since 2009 (other than 401k) and have a lot of cash sitting around doing nothing.
Not unusually fast at all. In fact right about exactly on schedule. The real question is cause, and severity. How those are managed is important, but the 9 year cycle is almost inevitable it seems.
I lost a lot of money in my retirement fund last time and I am scared of not if but when this will happen so I can get my money into a secure fund instead of the money making ones it is in now.
If we really do plummet into another major recession, it would be unusually fast. They're usually supposed to be cyclical, right?
Are You Ready for the Financial Crisis of 2019?
Five ways things could get bad for everyone
By Alex Williams
Overall, stocks are down 1.5 percent this year, after hitting dizzying heights in early October. Hedge funds are having their worst year since the 2008 crisis. And household debt recently hit another record high of $13.5 trillion — up $837 billion from the previous peak, which preceded the Great Recession.
Not unusually fast at all. In fact right about exactly on schedule. The real question is cause, and severity. How those are managed is important, but the 9 year cycle is almost inevitable it seems.
Unfortunately T already blew a hole in the government's strategy to help contain recessions - and that's by fiscal stimulus and tax cuts. Trump was such a stable genius that he cut taxes when he didn't need to when the economy was roaring. Now that it is taking a crap due to his brilliant plan of a trade war, his tax cuts are going to put the government in a massive deficit hole and there won't be any room to run up some debt to help contain the recession and give out more tax cuts to help stimulate spending.
If we really do plummet into another major recession, it would be unusually fast. They're usually supposed to be cyclical, right?
Are You Ready for the Financial Crisis of 2019?
Five ways things could get bad for everyone
By Alex Williams
Overall, stocks are down 1.5 percent this year, after hitting dizzying heights in early October. Hedge funds are having their worst year since the 2008 crisis. And household debt recently hit another record high of $13.5 trillion — up $837 billion from the previous peak, which preceded the Great Recession.
Once investors realize that the new Democrat Congress is essentially powerless, they'll get back in the markets.
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