these three factors indicate that a major economic downturn is going to happen soon !

[yidnar]

1 recently studies show that the pandemic savings many American put back when the gov sent out relief checks is depleted
2 another survey reports that Americans have been dipping into their 401Ks at a record rate to pay for rising expenses do to inflation.
3 add to the fact that the majority of consumers have started buying less do to said inflation and the above mentioned practices becoming unviable for much longer it appears though it was delayed a magore economic downturn is inevitable ..

Americans' 'excess' pandemic savings now depleted, Fed research finds

The U.S. government's response to the COVID-19 pandemic unleashed massive amounts of fiscal stimulus which built up as excess savings that were only depleted in early 2023.

www.foxbusiness.com

Workers are still raiding their retirement savings at record rates

Thirty-seven percent of workers have taken a loan, early withdrawal, and/or hardship withdrawal from their 401(k) or similar plan or IRA.

finance.yahoo.com

Nearly all Americans cut back on spending due to inflation, CNBC survey finds

Walmart, Target, Home Depot and Best Buy called out cautious consumer-spending shifts during the first quarter.

www.cnbc.com

 

[sealybobo]

1 recently studies show that the pandemic savings many American put back when the gov sent out relief checks is depleted
2 another survey reports that Americans have been dipping into their 401Ks at a record rate to pay for rising expenses do to inflation.
3 add to the fact that the majority of consumers have started buying less do to said inflation and the above mentioned practices becoming unviable for much longer it appears though it was delayed a magore economic downturn is inevitable ..

Americans' 'excess' pandemic savings now depleted, Fed research finds

The U.S. government's response to the COVID-19 pandemic unleashed massive amounts of fiscal stimulus which built up as excess savings that were only depleted in early 2023.

www.foxbusiness.com

Workers are still raiding their retirement savings at record rates

Thirty-seven percent of workers have taken a loan, early withdrawal, and/or hardship withdrawal from their 401(k) or similar plan or IRA.

finance.yahoo.com

Nearly all Americans cut back on spending due to inflation, CNBC survey finds

Walmart, Target, Home Depot and Best Buy called out cautious consumer-spending shifts during the first quarter.

www.cnbc.com

Republicans have been predicting this for 3 years. Did it for 8 years on obamas watch. Clinton’s too. Wrong every time. Democrats know how to prevent recessions

 

[yidnar]

Republicans have been predicting this for 3 years. Did it for 8 years on obamas watch. Clinton’s too. Wrong every time. Democrats know how to prevent recessions

they aint doin nothing to prevent this one .. the economy is about to take a huge hit pal ... stop denying reality and get prepared ,

 

[occupied]

God is not going to grant your prayers for disaster just so Trump has a slightly better chance at winning. Why would you want something like that?

 

[yidnar]

Republicans have been predicting this for 3 years. Did it for 8 years on obamas watch. Clinton’s too. Wrong every time. Democrats know how to prevent recessions

i'm not even going to argue or make fun of you about what you posted on this topic because it is to serious to a problem to do so ... listen to me .. dont listen because i may or may not agree with you politically listen because like it or not its going to happen .. get prepared the downturn will be sudden and sharp when it hits .

 

[yidnar]

God is not going to grant your prayers for disaster just so Trump has a slightly better chance at winning. Why would you want something like that?

i dont want it to happen ... i dont want people to suffer ... remember we are all Americans ! and we are all in it together ! prepare yourself and your loved ones ! dont take on any new debt if you can avoid it ! like it or not its going to happen ! and yes republicans and democrats alike are going to suffer .

 

[Manonthestreet]

Where is everyone? Disney theme parks are shockingly empty this summer amid sky-high ticket prices, 'woke' backlash —​

MSN

 

[sealybobo]

i'm not even going to argue or make fun of you about what you posted on this topic because it is to serious to a problem to do so ... listen to me .. dont listen because i may or may not agree with you politically listen because like it or not its going to happen .. get prepared the downturn will be sudden and sharp when it hits .

They happen. How a president handles it matters. Manufacturing hurt in the 2000s. Bush years. Offshoring. Greatest recession right as he was walking out the door. How did he handle the recession Clinton handed him? 2 wars and tax breaks to the rich. Even the companies offshoring

 

[deannalw]

God is not going to grant your prayers for disaster just so Trump has a slightly better chance at winning. Why would you want something like that?

Biden is the disaster.

 

[yidnar]

They happen. How a president handles it matters. Manufacturing hurt in the 2000s. Bush years. Offshoring. Greatest recession right as he was walking out the door. How did he handle the recession Clinton handed him? 2 wars and tax breaks to the rich. Even the companies offshoring

its 2023 pal ... this ones gonna be bad ! and the mortgage bundles on bad loans caused the last great recession .

 

[sealybobo]

Biden is the disaster.

You guys keep saying that but really he’s not.

Trump shit the bed the first crisis he was faced with. Covid. His first mistake only cost 1 million plus lives.

Luckily most of those were anti vaxers and old people. Republicans

 

[deannalw]

You guys keep saying that but really he’s not.

Trump shit the bed the first crisis he was faced with. Covid. His first mistake only cost 1 million plus lives.

Luckily most of those were anti vaxers and old people. Republicans

You're a disgusting excuse for a human being and even less of a man.

And yeah- he really is.

 

[Manonthestreet]

You guys keep saying that but really he’s not.

Trump shit the bed the first crisis he was faced with. Covid. His first mistake only cost 1 million plus lives.

Luckily most of those were anti vaxers and old people. Republicans

Old people dems killed on purpose with ventilators......oooops

 

[Manonthestreet]

HEy lets ship infected people to Old Folks homes to kill off the most in danger and save some govt cash in the process

 

[sealybobo]

You're a disgusting excuse for a human being and even less of a man.

And yeah- he really is.

Between all the pro choice women showing up and all the dead conservatives, we will win 2024. It’s life. The world you want back is gone.

 

[sealybobo]

HEy lets ship infected people to Old Folks homes to kill off the most in danger and save some govt cash in the process

Brilliant

 

[Manonthestreet]

Brilliant

Cuomo thought so

 

[occupied]

i dont want it to happen ... i dont want people to suffer ... remember we are all Americans ! and we are all in it together ! prepare yourself and your loved ones ! dont take on any new debt if you can avoid it ! like it or not its going to happen ! and yes republicans and democrats alike are going to suffer .

Barring something unexpected like another outbreak or big terrorist attack there's no reason to expect the kind of sudden deep recession that you are hoping for. You wanted the economy to cool off and ease inflation didn't you? What do you think that looks like? Everyone expects a correction after an inflationary cycle. No panic.

 

[Mikeoxenormous]

They happen. How a president handles it matters. Manufacturing hurt in the 2000s. Bush years. Offshoring. Greatest recession right as he was walking out the door. How did he handle the recession Clinton handed him? 2 wars and tax breaks to the rich. Even the companies offshoring

And then Andrew Cuomo's housing bubble burst and George got blamed for that one. Even after the 2004 Senate Hearings where Fannie and Freddie said, that Andy's policies were unsustainable, but Dog Face Maxine Waters, Dick Sucking Barney Frank, and Chrissy Dodd, all screamed racist, if the Republicans tried to stop the sub-prime fiasco that was started with Bill Clinton....

 

[Mikeoxenormous]

Barring something unexpected like another outbreak or big terrorist attack there's no reason to expect the kind of sudden deep recession that you are hoping for. You wanted the economy to cool off and ease inflation didn't you? What do you think that looks like? Everyone expects a correction after an inflationary cycle. No panic.

Yes

• According to 3 sources

A recession is coming this summer and will last until mid-2024, Evercore chairman Ed Hyman said. The market veteran pointed to worrisome signals in the economy that are warning of a downturn. "I've never forecast a recession this far in advance," he said in an interview with Bloomberg.

Recession Coming This Sum…​

markets.businessinsider.com