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Title: Recession soon? Post by: kentrolla on February 24, 2024, 10:49:29 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.
Title: Re: Recession soon? Post by: JariKriting on February 24, 2024, 11:05:35 PM even when covid the economy is still going well. even when working work at home. if the problem of work is terminated from work finding work is difficult, it is not a matter of recession, the conditions remain the same because finding a job is not easy and difficult. regarding being terminated, many companies now employ their employees on a contract system so that at any time they can definitely be terminated from their jobs or their work contracts are no longer extended.
Title: Re: Recession soon? Post by: bluebit25 on February 24, 2024, 11:10:18 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. Yep, many large and prestigious organizations are laying off employees, leading to concerns about a possible economic downturn. But I'm also not sure about the causes leading to this situation, issues such as the reason for layoffs due to reduced consumer demand, forcing businesses to cut costs, including human resources. Or that companies are over recruiting and unable to meet employee salaries, and the changes of recent years have forced many sectors to adapt to change in order to survive. Besides the problem of high inflation, it can affect consumer spending and force businesses to cut costs.The fact that many large companies are laying off employees may be a sign of some economic challenges, although the extent of the impact of each factor is still unclear, but there is still a strong optimistic attitude to adapt suitable for all situations. Title: Re: Recession soon? Post by: STT on February 24, 2024, 11:44:15 PM The harshest thing I can say is that employees being laid off is not a cause of recession exactly. If the company works better with less people employed and as a reduced cost to that business then the industry is improved and recession less likely overall. Its ironic perhaps but some jobs must be refined and figures reduced of those employed and this is actually a positive.
Its one of the things people dislike about company dynamics, laying off employees can boost a company share price as its see as sensible cost cutting and ensures confidence in their long term success possibilities. Presuming they can carry out the same work with a good margin to continue business of course. The markets are global not national, this has been true for decades now. Some of the reasoning was first outlined towards the idea of comparative advantage by Adam Smith in Wealth of Nations 1776 and apparently David Ricardo who I dont know or havent read of as often. Anyway both are quite relevant to forces ongoing in modern economies. Title: Re: Recession soon? Post by: KingsDen on February 24, 2024, 11:55:59 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. When large organisations begin to lay off workers in large numbers, it should give a great concern. This could only be point to the economic down turn as everyone is saying.Op saying if recession is in view is surprising to me. Because where I came from, we have never resuscitated from the effects of the covid 19 recession. Also one of the causes of the viral downsizing of the larger organisations could be the speedy advent of Ai Title: Re: Recession soon? Post by: topbitcoin on February 25, 2024, 12:22:37 AM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. During the Covid-19 pandemic, many workers were laid off, apart from health reasons and efforts to prevent infectious diseases, but on the other hand, the economy and trade were also sluggish, causing many companies to go bankrupt. However, at the same time, even though the economy is running slowly, this is not the case with the acceleration of technology and digitalization, where at that time many human jobs were replaced by machines and robots, and even though the pandemic has ended, this continues and even today. So those who were laid off during the previous pandemic could not return to their original jobs because they were replaced by machines and robots. As part of addressing the recession and preparing ourselves, we should learn how to live within our means, save, and invest wisely. Moreover, we need to possess skills that machines or robots cannot easily replace so that we can secure a stable income for our survival. Title: Re: Recession soon? Post by: franky1 on February 25, 2024, 12:56:23 AM are we heading into recession? Either we are heading towards recession recession is just a word, dont fear it recession does not describe the current season, nor future seasons recession is a word used to describe how the PREVIOUS season performed meaning when they say something is in recession they are talking about the past.. meaning its already behind you you wont know if this season is in recession until after it has happened and then they look back and declare it so dont worry about the word, it becomes meaningless as soon as its declared as for your friends/colleagues "not finding a job" most of the time people set their standards too high and only look for specific same field/role jobs that are higher income then the one they had. they treat unemployment as a opportunity for a pay rise, and ignore many roles that dont fit their high standards thus limiting their options based on higher expectations than they used to experience there are jobs, just maybe not doing the exact same role for more money. so your friends should take a harder look at their skills and knowledge and expand their prospects into different industries where they can find better pay jobs doing something slightly different emphasis: see what skills and knowledge they have and see how it can be transferred into something else EG if they enjoy leadership, training positions but have only experience of being a leader in IT. look for any role thats involves training/leadership, but not just in the IT sector, expand their view of the whole economic market of employment or if money is really tight due to unemployment social security being the only income.. taking ANY job is better then the poverty line income from social security Title: Re: Recession soon? Post by: Don Pedro Dinero on February 25, 2024, 06:31:22 AM I don't think so. With elections in the USA and a change in central bank policy it does not look like it will be a year of recession. There are always layoffs, the question is whether there are more layoffs than new jobs being created and it doesn't look like that will happen in the USA, which affects most of the world economy:
Big US jobs rise in January surprises again (https://www.bbc.com/news/business-68183421) The harshest thing I can say is that employees being laid off is not a cause of recession exactly. If the company works better with less people employed and as a reduced cost to that business then the industry is improved and recession less likely overall. Its ironic perhaps but some jobs must be refined and figures reduced of those employed and this is actually a positive. Such as the introduction of machinery in industry or agriculture, which reduced jobs momentarily but still increased productivity. Title: Re: Recession soon? Post by: stompix on February 25, 2024, 07:13:40 AM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? This again? The recent lay-off are a return to normal after the madness in hiring https://edition.cnn.com/2023/01/22/tech/big-tech-pandemic-hiring-layoffs/index.html https://www.talkimg.com/images/2024/01/31/kKlGT.png Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Something happening to a group of people in a city or a country is not a sign of a global recession! US: Despite high-profile layoffs, January jobs report shows hiring surge, low unemployment (https://eu.usatoday.com/story/money/2024/02/02/jobs-report-january/72443647007/) Quote Hiring picked up sharply in January as employers added a booming 353,000 jobs, highlighting a labor market that continues to defy high interest rates and household financial strains.The unemployment rate held steady at 3.7%, the Labor Department said Friday. EU:Eurozone unemployment returns to record low of 6.4% (https://ec.europa.eu/eurostat/documents/2995521/18426688/3-01022024-BP-EN.pdf/13e802f5-a267-0b8a-6245-52f759f7cfe3) Quote The European Union is experiencing its lowest unemployment rate in over a decade, according to data published by Eurostat on Thursday. In December, seasonally adjusted unemployment across the EU fell 0.2 points to 5.9%, representing nearly 13 million people. Young people under the age of 25 experienced a higher rate of unemployment compared to the average European at 14%. An estimated 54,000 more young people were unemployed in December 2023 compared to November. And since I saw that you posted in India's subforum: hits a record low[/u] but remains steep among educated youth]=https://www.cnbctv18.com/education/india-unemployment-rate-hits-record-low-but-remains-steep-among-educated-youth-18322091.htmIndia’s unemployment rate hits a record low but remains steep among educated youth (http://=https://www.cnbctv18.com/education/india-unemployment-rate-hits-record-low-but-remains-steep-among-educated-youth-18322091.htmIndia’s unemployment rate [u) Title: Re: Recession soon? Post by: kentrolla on February 25, 2024, 09:17:10 AM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. Yep, many large and prestigious organizations are laying off employees, leading to concerns about a possible economic downturn. But I'm also not sure about the causes leading to this situation, issues such as the reason for layoffs due to reduced consumer demand, forcing businesses to cut costs, including human resources. Or that companies are over recruiting and unable to meet employee salaries, and the changes of recent years have forced many sectors to adapt to change in order to survive. Besides the problem of high inflation, it can affect consumer spending and force businesses to cut costs.The fact that many large companies are laying off employees may be a sign of some economic challenges, although the extent of the impact of each factor is still unclear, but there is still a strong optimistic attitude to adapt suitable for all situations. Definitely, there are some challenges these large organizations are laying off people I mean literally those who has helped build the organization and while being optimistic that the situation will change just like it did towards the end of COVID as we saw around 40% global manpower shift happened as people switched there were good opportunities but now the situation is different but the only lesson we need to learn from this is that we should never limit ourselves to 9-5 jobs and should have investments which should help us to cope up with such untoward situations in the future. Depending on job for all our needs will be like fooling us as companies can change us anything them wish and we need to be smart enough to understand this and have a back up plan. Title: Re: Recession soon? Post by: fuguebtc on February 25, 2024, 09:55:12 AM Some countries have confirmed they have fallen into recession but that is not the case with every country in the world. According to some information I learned, layoffs and unemployment are not entirely due to the economic recession but are due to changes taking place in the world. I mean technology is evolving and AI is gradually replacing humans in many fields. There are some theories that: financial reports of corporations and companies show that the company is still bringing in quite stable revenue but at the same time they are looking for ways to reduce personnel. From there, there is a hypothesis that companies are applying technology, robots, and AI to gradually replace workers, not because of the economic recession.
Title: Re: Recession soon? Post by: pooya87 on February 25, 2024, 10:01:59 AM We entered "unofficial" recession 2 years ago, technically speaking. The lay-offs is also not something new, it started about 2 years ago and the biggest lay-offs took place during the peak of the energy crisis as deindustrialization was happening.
Then as governments tried to desperately battle inflation by increasing interest rates they practically guaranteed recession. Every day interest rates remain high, recession gets deeper. In other words we are already in recession but depending on a lot of factors, it could get worse or better. For now it is taking a turn for the worse. Title: Re: Recession soon? Post by: |MINER| on February 25, 2024, 10:12:49 AM How the whole world has been stunned after COVID.It has affected almost all developed and underdeveloped countries.However, developed countries have overcome its impact, but underdeveloped countries have not yet overcome its impact. Many companies have laid off people.And they are still unemployed which is very disappointing.Due to this, the unemployment rate in the countries has increased. Countries are starting to get poorer.On top of that, the increase in the price of everything has made public life more dangerous.
Title: Re: Recession soon? Post by: Dailyscript on February 25, 2024, 11:06:25 AM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. Maybe the country you are in still has a good economy, because I don't know what recession we are expecting when we are already in one. The present economic situation is frightening. The current middle-class people are no longer to be called middle-class people because they are still earning the same amount monthly. I may consider them to be poor unless they have stepped up their game. You have to earn more before you can live comfortably in this economic problems. Title: Re: Recession soon? Post by: kryptqnick on February 25, 2024, 12:40:11 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. I don't know, but what if it's a local economic phenomenon and not a global recession? I expected a recession in 2020-2021, but that didn't happen. 2022 was very challenging, primarily because of Russia's invasion of Ukraine and the sanctions that followed it, but even that wasn't a recession. Then I feel like 2023 was a year of recovery, and according to the World Economic Forum (https://www.weforum.org/agenda/2024/02/what-is-a-recession-economy-definition-explainer/), the risk of global recession in 2024 is lower (than it was in the years before, I suppose). Growth is expected, even though some projections are for less growth than in the past.Title: Re: Recession soon? Post by: Hispo on February 25, 2024, 02:46:09 PM In my opinion, there was an actual risk of recession during the year 2022 and 2023, but it was avoided, nowadays we can see economical indicators (specially in countries like the United States) which point out the market / companies are doing pretty good, even Meta/Facebook has been able to recover much of its stock value after the Metaverse fiasco. If I had to guess on what could be going on, it may have indeed something to do with over-hiring by companies in the United States.
Do not get me wrong, though, a recession could be still possible in this context of unemployment in the United States and high value of the Stock market, but it would take something extraordinary to happen for it to start. A next recession may be inevitable, but it does not have to happen this year or the next next one. Title: Re: Recession soon? Post by: Zaguru12 on February 25, 2024, 03:08:42 PM In my opinion, there was an actual risk of recession during the year 2022 and 2023, but it was avoided, nowadays we can see economical indicators (specially in countries like the United States) which point out the market / companies are doing pretty good, even Meta/Facebook has been able to recover much of its stock value after the Metaverse fiasco. If I had to guess on what could be going on, it may have indeed something to do with over-hiring by companies in the United States. Do not get me wrong, though, a recession could be still possible in this context of unemployment in the United States and high value of the Stock market, but it would take something extraordinary to happen for it to start. A next recession may be inevitable, but it does not have to happen this year or the next next one. Exactly there was definitely a scare of inflation coming in the second quarter of the year 20222 the signs were clear when inflation raised and the economy growth was definitely slowing down. The year 2023 after what happened in 2022 was definitely declared by some experts to be a year threatened with recession but along the line through the increase of interest rates they actually went down and as the economy growth started increasing the rates were then not later increased from last quarter of 2023 until now which indicates that the recession scare is down But still it is not yet ruled out if we actually face an interest rate increased again and that’s why companies are relaxing workers. It is better to be prepared but definitely we are under recession or facing that in like few moths from now Title: Re: Recession soon? Post by: Litzki1990 on February 25, 2024, 03:21:51 PM We have been hearing for quite some time now that we will soon have a global economic recession. We already know that the global economic recession will occur but we do not know when the global economic recession will occur. At present the economic situation is getting worse day by day and it is believed that a global economic recession may occur very soon. We are trying to be forewarned that global economic recession will occur but how much preparation have we taken to survive the economic downturn. If we don't have enough preparation then we need to take enough preparation while there is still time so that we can survive the bad economic times.
Title: Re: Recession soon? Post by: tsaroz on February 25, 2024, 03:46:45 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. There's been a slow recession going over for years now. There are no outright crashes and some stock markets are making their highs, yet the economy is not active it were pre-covid. Could be due to pandemic, job loss, increased fuel and energy price and decreased consumerism, the demand for products and services are on decline. Less and less people are traveling or buying gadgets. It might even be due to the saturation but the global demand for smartphone have sharply decreased. So are the demand for other electronic gadgets. People also seem to be saving for uncertain future, war and conflicts around the world has increased risk of global detachment and food crisis. Title: Re: Recession soon? Post by: Coin_trader on February 25, 2024, 03:54:09 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. It depends on your country. Layoff from work doesn’t mean a recession because some companies might just not performing well due to competition and less profit from the market. The only time layoff is a sign of recession if your country is already printing multiple down on GDP while many companies from different sectors is doing the same. I encountered many big time layoff on my previous company since we don’t have enough client that provides work for people. But are companies just keep hiring back once clients is already entering again to avail our service. You should verify the cause of layoff first before you assume recession because this layoff might be affecting only your company and not the general businesses on your country. Title: Re: Recession soon? Post by: Marvelockg on February 25, 2024, 04:17:00 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. the global economy is seriously in a messy situation right now and it's sad that most news headline is centred on wars, crime and negative reports in the business world. A I had also joined in contributing to the laying off of somany workers because of the need to cut down cost and coupled with the how most jobs could easily be replaced with th AI, it sure breaths out threat to all working population to tighten thier seat belt and put in extra effort if they have any plans of continuing in the jobs they are currently doing.Title: Re: Recession soon? Post by: electronicash on February 25, 2024, 04:51:41 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. the global economy is seriously in a messy situation right now and it's sad that most news headline is centred on wars, crime and negative reports in the business world. A I had also joined in contributing to the laying off of somany workers because of the need to cut down cost and coupled with the how most jobs could easily be replaced with th AI, it sure breaths out threat to all working population to tighten thier seat belt and put in extra effort if they have any plans of continuing in the jobs they are currently doing.agree with that. AI has advanced quickly and companies are preparing to just implement AIs and robotics. the layoffs are just the start because in my country the rivers seem to have dried up and rice fields may not produce enough rice to provide for the country. recession is nothing compared to what's coming. because sooner the strong countries are going to be plundering the weaker countries to get more resources. the news is often just about wars and negative reports are distractions that people will not mind the recession. Title: Re: Recession soon? Post by: sunsilk on February 25, 2024, 05:07:59 PM We are already into it. The other superpowers have already declared that they're into it whilst for US, they are not yet admitting it.
You see that the richest person are selling their billions of stocks for how many times and there's a reason to it. They won't just sell it because they need money but they're selling it because they know something. It seems that the bunker debunk is for real for Jeff Bezos and why he's into series of selling his amazon stocks. Title: Re: Recession soon? Post by: el kaka22 on February 25, 2024, 06:16:43 PM I would say global recession could happen based on the interest rate and not because of unemployment. Normally, when the rate is very low, business people do not consider putting their money into a tiny savings interest, whereas if the interest rate is high then they would put all their money into it.
It is the difference between them wanting to grow their business with their money and even with debt because rates are low, and hiring more people based on that because the business is growing, versus the fact that they would simply just put their money into savings account and leave it there. THAT could be the reason why we may have recession, it may not be tomorrow, but that feels like it's already starting right now. Title: Re: Recession soon? Post by: Fortify on February 25, 2024, 06:36:49 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. It's definitely tough times in the job market right now and this feels a bit like a stealth recession, because all the economic indicators are telling us this is rather mild. Anyway, recessions are nothing new and historically you can expect them every 8 years on average, with smaller corrections happening every 2-3 years. With that in mind it should be no surprise or shock that companies are re-calibrating right now to save cash. However as recessions go, this one seems to be the best type that you could hope to get, you'll find that the unemployment rate in most advanced economies is still relatively low, even though it might feel like there are many job cuts taking place, the reality is most of these people could get into new work elsewhere. Title: Re: Recession soon? Post by: Rruchi man on February 25, 2024, 07:38:36 PM It's definitely tough times in the job market right now and this feels a bit like a stealth recession, because all the economic indicators are telling us this is rather mild. Anyway, recessions are nothing new and historically you can expect them every 8 years on average, with smaller corrections happening every 2-3 years. With that in mind it should be no surprise or shock that companies are re-calibrating right now to save cash. Even as companies are recalibrating their staffs and laying off some workers to save cash, there are still some very key important staffs that they would never let go because of how important those people have made themselves to be to the success and growth of the company. As a worker in a company, If you have already been laid off work, search for new job elsewhere and then reduce the chances of being laid off again by increasing your qualification or skill sets so you become very important. If you have not been laid off work, you are not not exempted from the risks of loosing your job too, you have to make yourself relevant by becoming more important to the company. Title: Re: Recession soon? Post by: Faisal2202 on February 25, 2024, 08:11:53 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. we are already in recession, but talking specifically about the largest organizations laying off their employee is not only due to the recession because many organizations have their own plans according to which they lay off employees, and if your colleague is not getting any job then he/she should focus a little bit more, it might be an individual error (human error) that is becoming a hurdle for him, he should work on himself more, meet with the up to date skill set so that he would become a attractive candidate of the companies.As you did not mention his job type so shared my POV generally not specifically. In Covid unemployment was at a high rate, in comparison to the current time. We can easily find jobs if we know how to find one, if still not getting any luck then other than waiting and applying we can't do much. I hope your colleague finds another job soon. Title: Re: Recession soon? Post by: darkangel11 on February 25, 2024, 08:13:50 PM There's a lot of indicators that were peaking only before recessions and they are showing that we're bound for one soon. I've seen some pretty good analysts saying that we're going to face the music soon and it can happen this year, or next year, but it will happen. Most likely it's going to be the the end of the year, or next year, which will coincide with a number of other things, like the outcome of war in Ukraine, US presidential election, Bitcoin bull cycle, and S&P peak. Most likely this year we'll witness the last big run up of stocks and bitcoin before another crash, but this time bitcoin could crash less than stocks.
If you don't believe that something big is happening, look what the rich are doing. They're selling their own stocks. Jamie Dimon sold JP Morgan stocks for the first time. Musk also sold Tesla this year. They're preparing for the worst. Title: Re: Recession soon? Post by: tabas on February 25, 2024, 08:43:21 PM Laying off of many employees is a sign that the economy isn't doing well. And with the tech companies doing this since the height of the pandemic, that only means that they've been lessening their cost of human resource for how many years up to this moment, they're not yet done. And with the emergence of AI, there have been positions that have been replaced by it and it's a real thing. Honestly, I wouldn't believe on it that most of it will be replaced by AI but not this quick. The phasing is so quick to the point that many workers are worried with their places if they're not going to upskill, there's a big chance that their employment will be gone and they'll be laid off too.
Title: Re: Recession soon? Post by: FelixH on February 26, 2024, 04:49:00 AM By definition the US is already in a recession for many many months
Title: Re: Recession soon? Post by: adaseb on February 26, 2024, 05:17:21 AM Yes people have been expecting a recession after Covid for years and it still hasn’t arrived. Some countries like Japan are in a technical recession but nobody is losing their jobs, just their gdp is flat.
USA is completely different because it has positive growth. And it doesn’t seem like it will stop anytime soon. So yes we might have a recession but it might be like 2 years away. Title: Re: Recession soon? Post by: Betwrong on February 26, 2024, 05:26:25 AM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. It's just what's happening around you. The world is big and in other parts different things are happening. Also I don't understand the "overhired the employees post COVID" part. I'm sorry people around are losing work, but it has little to do with what's happening in the world as a whole. Title: Re: Recession soon? Post by: icalical on February 26, 2024, 07:52:53 AM The prediction of Global Recession has been going on since 2021, they said it would happened in 2022, and then when it didn't happen in 2022 they said it would happen in the 2023, and now when it didn't happen in 2023 they are saying it is going to happen in 2024. I doubt that global recession will happened shortly, unless the world is falling into WW3, other than that global economic will still be okay at least. Most country won't have their economic growth significantly because many factors, but even if there is a recession it would still be in some region and won't happened globally.
Title: Re: Recession soon? Post by: Zlantann on February 26, 2024, 09:14:47 AM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. The world has not recovered from the negative impact of COVID-19 19 then the war in Ukraine broke out. The US and its NATO allies are spending more on financing the War than focusing on the economy. The war also caused so much energy crisis which destabilised many economies. Now we are facing the war in Palestine and the surrounding Middle East which has affected the finances of the financers and caused a refugee crisis affecting neighboring countries. As of yesterday, the Houthis have launched at least 57 attacks on commercial and military ships in the Red Sea and the Gulf of Aden since November 19. This is having economic consequences on so many companies because bypassing the Gulf of Aden and the Red Sea through Cape of Good Hope adds about 3,500 nautical miles to the journey making it more expensive. The US and UK are spending billions of dollars to restore safe passages but it is also proving difficult. All these extra expenses affect the operation cost of many companies which will force them to look towards downsizing. This extra cost due to the high cost of transportation could lead to the price of goods which could also cause inflation in some countries. https://www.google.com/amp/s/www.aljazeera.com/amp/news/2024/2/25/us-uk-bomb-houthi-sites-in-yemen-amid-surge-in-red-sea-ship-attacks https://www.bbc.com/news/business-67827444 Title: Re: Recession soon? Post by: harapan on February 26, 2024, 09:18:45 AM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. Recession Soon?? We all know what a recession is,and we are already in a recession.Some of the challenges that we're having now is as a result of the last recession that we all witnessed;we were all affected by the trials of the worlds economic/financial crisis.Recession is a devastating and depressing entity entirely to live in.The last recession was a big mess to us,I mean all round big mess.Even after the recession was over,the recovery was taking too long and economical weakness has not still left the surface of the worlds economy. There have only been few times I've heard about the economical growth to be moderate and accurate.Even so,unemployment rates has increased and some financial firms and organization that seem to be in charge to restore or support the jeopardizing situation have also collapsed. We're already in a recession,and the worst of what we're going through right now can occur in no short time. Title: Re: Recession soon? Post by: Briankimp1 on February 26, 2024, 10:05:44 AM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. I think this all started during covid some workers were laid off for health reasons while others for economical reasons and as we may all know, the global economy has not recovered from such a huge setback joint with the added global crisis popping up in Europe, like the war in Ukraine which has rubbed salt on the global economic injury, Ukraine’s war to me is a proxy war brought to light by the United States just a day or two ago NATO chief openly said Ukraine will join NATO only a matter of time statements like this will only add fuel to fire. Remember prior to this war Ukraine’s agriculture amounted to a staggering 41% of the country’s exports which has affected the global price of food. Title: Re: Recession soon? Post by: Mr. Magkaisa on February 26, 2024, 10:36:33 AM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. - I haven't updated on the recession yet, mate, but we shouldn't be worried when that happens. To be honest, let's prepare for that thing. I'm not saying that it will happen, of course not; it's said that it's better to always be prepared than not. Others are too worried about the recession, but if you are a capable and strategic person, I am pretty sure they are ready for all occasions. It's just like a pandemic; some people thought they wouldn't be able to survive, but it ended after a few years, and they still managed. Title: Re: Recession soon? Post by: Myleschetty on February 26, 2024, 11:11:41 AM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Both yes and no. It is dependent upon where you now dwell. While some nations are currently experiencing a recession and others are on the verge of one, the main issue is the poor leadership style of the government, and the absurd thing is that they never stop creating new fiat money.Since large financial institutions are adopting cryptocurrencies, we should be aware that the worst economic scenario is likely to unfold ever since firms such as BlackRock, whose CEO onetime expressed disapproval of Bitcoin before subsequently praising it, are difficult to convince to change their minds. Title: Re: Recession soon? Post by: davis196 on February 26, 2024, 11:22:34 AM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. This topic has been discussed multiple times on the forum. There are forum threads asking exactly the same question. Why don't you post on the old forum threads, instead of creating a new one? Yes, post-COVID layoffs in the tech industry combined with higher interest rates by the Federal Reserve. The fact that the "Big Tech" industry is laying off employees doesn't necessarily mean that the entire US economy is going to enter recession. The higher interest rates by the Federal Reserve are the tool, that will prevent the economy from overheating and it will lower the levels of inflation. I've studied macroeconomics in the past and it's written in the old books that the inflation and unemployment levels have a hidden correlation between each other. Higher unemployment rate means low inflation and vice versa. The only way to fight inflation is to force the economy into a small recession. Title: Re: Recession soon? Post by: God bless u on February 26, 2024, 06:47:36 PM In my opinion it's true to some extent because many of the job destinations are being replaced by smart technology and the development of AI and other automation sectors have lead to decrease in demand of the jobs.people are not getting that how they can get skills in smart work rather then hard work. Companies save a lot on their budget and gain more profit in shifting to automation so rather than labour work because labour costs you more.Smart work other than hard work that's the solution. Title: Re: Recession soon? Post by: martinex on February 27, 2024, 09:50:42 AM Recession Soon?? and in the next 5 years the situation will become increasingly uncertain. It's a good idea to prepare early now. . The most obvious sign is an increase in the price of raw materials for basic needs, but if we already have several investments the returns are quite good and this can be used as preparation if conditions change at any time. Food and water in the future will really talk about the future... Title: Re: Recession soon? Post by: pinggoki on February 27, 2024, 10:15:36 AM These lay offs are more than just budgeting for the company, that's a joke in my opinion, what? They can't afford to do an upkeep the payment for their employees but the board is consistently paid in billions of dollars? I don't think that's because of the recession, for me, I feel like that's the biggest reason for the lay offs, the economy is bad and the higher ups don't want to lose a cent of their salary to shoulder the burden so they can keep their employees and another reason is that some of these companies that are laying off are probably finding ways to outsource the work to other people that they can pay them much more cheaper or if it's a tech company, they've got the cutting edge AI ready to replace the workers.
Title: Re: Recession soon? Post by: AVE5 on February 27, 2024, 11:41:15 AM Indeed the current situation at hand is being so worrisome and unusual to our economy system in both national and international ranges.
Imagine the government of mine advising the public to engage more in skills and entrepreneurs so as to secure better lives them (government) might not be able to give them (the masses). That indirectly sounds like a recession is coming. This government further explains why their are graduates whom are fit for the positions of the white collar job offices but yet they are not employed with the reasons that the occupied vacancies has not been vacated yet but still everyone is crying out loud of being jobless. We don't even know who are the ones occupying those said offices til date. Title: Re: Recession soon? Post by: Promocodeudo on February 27, 2024, 01:51:26 PM Some countries have confirmed they have fallen into recession but that is not the case with every country in the world. According to some information I learned, layoffs and unemployment are not entirely due to the economic recession but are due to changes taking place in the world. I mean technology is evolving and AI is gradually replacing humans in many fields. There are some theories that: financial reports of corporations and companies show that the company is still bringing in quite stable revenue but at the same time they are looking for ways to reduce personnel. From there, there is a hypothesis that companies are applying technology, robots, and AI to gradually replace workers, not because of the economic recession. This is one of the disadvantages of technology though am not skeptical about the fact that technology matters a lot in the development of the world entirely, the way things are going if the world actualize their their aim in terms of technology people will lose more jobs because what's the need of hiring much manpower when I have a technology that can do this work for me with the help of few persons, recession doesn't mean that a country is doomed or totally financially incapable, it is just a period that a particular country has to step up their games in other to remain relevant and still bounce back strong without further economic woos as the case may be. Title: Re: Recession soon? Post by: moneystery on February 27, 2024, 02:43:00 PM talking about recession, maybe it will be a little different in each country, maybe some are experiencing good economic growth but others are experiencing a decline. but i agree that nowadays it seems that companies in many countries are laying off their employees, on the grounds that they are in the process of efficiency or for various other reasons.
maybe it would be a good idea for the government to take part in this problem, because with more and more companies wanting to lay off their employees it will make the problem more complex in society. one way the government can do this is by creating more jobs and collaborating with companies so that they can get compensation on taxes, etc., so that there are no layoffs at their companies. Title: Re: Recession soon? Post by: DeathAngel on February 27, 2024, 03:05:48 PM Economic uncertainty looms in 2024 with global chief economists divided in their outlook. Some anticipate a weakening global economy but others foresee a steadying or improving economic landscape. The International Monetary Fund (IMF) predict a slight decline in global growth this year with emerging markets driving much of the growth. Geopolitical tensions and geoeconomic fragmentation are expected to accelerate potentially impacting stock markets and economies worldwide. In the UK experts warn that the country likely slipped into recession at the end of 2023.
Title: Re: Recession soon? Post by: justdimin on February 27, 2024, 03:11:22 PM post-COVID layoffs in the tech industry combined with higher interest rates by the Federal Reserve. The fact that the "Big Tech" industry is laying off employees doesn't necessarily mean that the entire US economy is going to enter recession. The higher interest rates by the Federal Reserve are the tool, that will prevent the economy from overheating and it will lower the levels of inflation. I've studied macroeconomics in the past and it's written in the old books that the inflation and unemployment levels have a hidden correlation between each other. Higher unemployment rate means low inflation and vice versa. The only way to fight inflation is to force the economy into a small recession. It is not really that "hidden", higher rate means more money from doing nothing, and that means no more jobs, whereas lower interest means no money without working, so higher employment. It is as simple as that and there is really nothing that anyone can do.We just need to end up with anything that would allow both low inflation but also low interest rate to prevent high unemployment. For some reason many people think that is not possible but the reality is that it is quite possible and has happened many times before, as recent as before the pandemic. So there could be a recession, it could happen even right now and we can't really make it work with another recession this early, so we need to lower the interest rates eventually. Title: Re: Recession soon? Post by: YOSHIE on February 27, 2024, 03:58:08 PM Recession soon? If an Economic Recession occurs suddenly for governments, companies and so on, this occurs due to many factors, for example: measured in terms of GDP and GDP in several consecutive quarters, it will significantly influence the global economic shock, high inflation, technological changes, debt and so on, I think the recession that caused layoffs has no effect on Covid-19, that's an old story.I am sure that the recession that occurred in your area and the mass layoffs occurred were caused by currency inflation, ballooning debt or unstable domestic product which meant that raw materials did not meet the company's targets, Indeed, currently many countries and governments or private companies in various countries are having problems with the economic recession, so they have to take layoff policies, factors as I said above. Title: Re: Recession soon? Post by: Hispo on February 27, 2024, 09:32:06 PM Economic uncertainty looms in 2024 with global chief economists divided in their outlook. Some anticipate a weakening global economy but others foresee a steadying or improving economic landscape. The International Monetary Fund (IMF) predict a slight decline in global growth this year with emerging markets driving much of the growth. Geopolitical tensions and geoeconomic fragmentation are expected to accelerate potentially impacting stock markets and economies worldwide. In the UK experts warn that the country likely slipped into recession at the end of 2023. The geopolitics mostly affect the price of some raw materials which are common in countries which end up being sanctioned by western countries, but I don't see how any of those situations could affect the price of the stocks as much as the COVID pandemic did back in the first quarter of 2020. One does not need to go as far, just look to what happened to the price of oil and gas when the Russian energy exports were restricted by the sanctions of the United States and Europe, basically the price of the Kw/h skyrocketed in Europe, electricity had to be rationed for the government not to run out of gas during the winter of 2022. Sure, some stocks of companies which highly depends on their energy consumption/generation could have seen some dramatic change in the price of their stocks, but in the USA it was not so dramatic. In the case of Palestine and Israel, those countries do not have a significant production of any raw material, the most impactful thing we have seen going on in terms of global economics is the Suez channel being seized by rebels backed by Iran. I am not trying to say I am optimistic, do not misunderstand me, but I do not see any reason yet to panic and call this year to be a bad one. It has just begun, after all. Title: Re: Recession soon? Post by: stompix on February 28, 2024, 07:08:10 AM I don't know, but what if it's a local economic phenomenon and not a global recession? I expected a recession in 2020-2021, but that didn't happen. 2022 was very challenging, primarily because of Russia's invasion of Ukraine and the sanctions that followed it, but even that wasn't a recession. Then I feel like 2023 was a year of recovery, and according to the World Economic Forum (https://www.weforum.org/agenda/2024/02/what-is-a-recession-economy-definition-explainer/), the risk of global recession in 2024 is lower (than it was in the years before, I suppose). Or it was all just again just fear induced by the media? Quoting gentlemand as this will never get old: Same goes for Zerohedge, the site that predicted 200 of the last 2 recessions. By definition the US is already in a recession for many many months By what definition? Quote Real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the fourth quarter of 2023, according to the "advance" estimate. In the third quarter, real GDP increased 4.9 percent. The US economy is growing and outpacing eveything else by the $ that those percentages represent, the US economy basically added South Korea as a state growing by 1.6 trillion! Title: Re: Recession soon? Post by: fullhdpixel on February 28, 2024, 04:58:25 PM Indeed the current situation at hand is being so worrisome and unusual to our economy system in both national and international ranges. It is not really uncommon though, we have seen these type of things in many cases and should not be really all that crazy we should definitely consider this situation to be something like a part of our life. When you get ready for it like that, as in "oh yeah this happens once a decade" then you will be more ready for it when it happens.Imagine the government of mine advising the public to engage more in skills and entrepreneurs so as to secure better lives them (government) might not be able to give them (the masses). That indirectly sounds like a recession is coming. This government further explains why their are graduates whom are fit for the positions of the white collar job offices but yet they are not employed with the reasons that the occupied vacancies has not been vacated yet but still everyone is crying out loud of being jobless. We don't even know who are the ones occupying those said offices til date. I know a friend who got ready for another crash after 2008, and he was so ready at around 2017 that if it happened he would be wealthy, then he did so with 2020 pump and then got out and now living a retired life at age 38. This is why you should always expect the worst to happen, it may not feel smart when you hear it like that but it's actually quite possible to do very well if you are ready. Title: Re: Recession soon? Post by: ndutndut on March 01, 2024, 12:31:24 PM Recession Soon?? and in the next 5 years the situation will become increasingly uncertain. It's a good idea to prepare early now. . The most obvious sign is an increase in the price of raw materials for basic needs, but if we already have several investments the returns are quite good and this can be used as preparation if conditions change at any time. Food and water in the future will really talk about the future... So before all that happens we have to prepare as early as possible, at least we have to prepare to own rental property, bitcoin investment and business. So keep doing the job you have now so you can increase your net worth. Even if a world recession occurs, we are ready to face it all. Title: Re: Recession soon? Post by: Zlantann on March 01, 2024, 06:17:25 PM These lay offs are more than just budgeting for the company, that's a joke in my opinion, what? They can't afford to do an upkeep the payment for their employees but the board is consistently paid in billions of dollars? I don't think that's because of the recession, for me, I feel like that's the biggest reason for the lay offs, the economy is bad and the higher ups don't want to lose a cent of their salary to shoulder the burden so they can keep their employees and another reason is that some of these companies that are laying off are probably finding ways to outsource the work to other people that they can pay them much more cheaper or if it's a tech company, they've got the cutting edge AI ready to replace the workers. Recently the government of my country decided to merge public corporations because they want to reduce the cost of governance. This restructuring will lead to job losses and further make the citizens poor. But the salaries of top government officials have been increased and more benefits added. They created more ministerial portfolios because they wanted to settle their cronies. Senators rejected a cheaper locally made car for a more expensive one. The presidential budget included provisions for private jets and luxury yachts for the president's son. When the economy is bad it is only the common man that suffers top politicians and executives are exempted from austerity measures. Artificial intelligence is not popular in my country, so technology is not the reason for this recession. I have to accept pinggoki that the main reason for this layoff is that some top executive wants the poor to cut costs meanwhile they have increased their standard. Title: Re: Recession soon? Post by: southerngentuk on March 01, 2024, 08:01:57 PM The COVID-19 pandemic dealt a brutal blow to the global economy, leaving many workers scrambling to pick up the pieces. Layoffs became commonplace, not just due to health concerns and lockdown measures, but also due to a sluggish economy and the increasing automation of jobs. This was a stark reminder of the ever-evolving nature of the workplace, where machines and robots are steadily encroaching on traditional human roles.
The first step is acknowledging the economic realities. We, as individuals, need to be responsible with our finances. Learning to live within our means is essential, allowing us to create a buffer for unexpected circumstances and avoid falling into debt. Building emergency savings provides a safety net during periods of unemployment or economic hardship. Additionally, exploring and understanding the world of responsible investment can help us secure long-term financial security. The rise of automation demands a shift in our approach to work. While some jobs disappear, others emerge. Identifying and acquiring skills that are difficult for machines to replicate is crucial. This could involve areas like creativity, critical thinking, complex problem-solving, and interpersonal communication. Continuous learning and upskilling will be paramount in the years to come. Title: Re: Recession soon? Post by: tyz on March 01, 2024, 08:06:10 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. You named it correct. They overhired in while COVID. During COVID millions of new jobs were created alone in the tech field. Companies like Amazon nearly doubled their workforce during that time. So it is absolutely no wonder that things have now returned to normal. If you believe the statistics, there are enough open jobs, but they are usually not as well paid as tech jobs or similar. Title: Re: Recession soon? Post by: Mauser on March 02, 2024, 07:00:16 AM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. I am not so afraid of another recession looming around the corner. We just got out of the covid recession and even the Russia-Ukraine and Israel-Hamas war is not sending the world into another crisis. The global inflation seems to cool down and interest rates could even be lowered later this year. Once we get to lower interest rates again the economy should be picking up. It's true that businesses are looking to reduce staff, which is not only due to a worse economic outlook but also the efficiency gain from Ai. So many companies are relying on Ai already and will do so more heavily in the future. We are seeing now a transformation of workplace like in the industrial era with the invention of the steam engine. More and more jobs will become automated and it's just not important anymore to have a large workforce. I wouldn't worry so much about the global economy, but rather focus on our own future. As long as our job is secure and we have enough free money to invest in cryptos every month we are doing well and are prepared for the future. Title: Re: Recession soon? Post by: STT on March 02, 2024, 11:10:42 PM Its a worthy question but I think only a light technical recession could be registered which is where only a figure close to zero is recorded in 2 quarters sequentially. Thats more of a pause then a real recession which used to be a few percent of GDP lost from I remember of these things, they havent been common for some time now thanks to QE
That is your answer, with QE yet to be rescinded or reversed, we continually are dealing with the effects of inflation. If government actually measured inflation accurately and adjusted GDP growth for this loss we'd then see the recession and poor growth. Accurate data that causes problem for those who measure is hardly the outcome I would expect. There are losses but they are not universal or equal in their effects, some people benefit from inflation and others dont certainly I think growth is much lower then it should be in most industries. Title: Re: Recession soon? Post by: Asuspawer09 on March 02, 2024, 11:23:04 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. That is just pretty normal right since the company is having a huge problem they just can't sustain enough employees when COVID-19 hits there are a lot of employees that is caught in recession if they will not do that the company might not survive. Probably there were just politics on some companies or people that just doesnt want to do their job on it, I do not really see it yet for sure there is some possibility that another global disaster could hit that might result like what happened on COVID 19 but it doesnt really matter. You could just focus on your own career and personal growth, personally, I dont really think that finding a job is gonna be difficult, I think finding a job is easy because there are tons of jobs out there, but finding the perfect job that you like is going to be difficult. But it is a recession is always the case when a country experiences negative GDP, there will be a huge amount of people that are going to be unemployed,not to mention there are huge inflation, and probably the country has some huge debt. Title: Re: Recession soon? Post by: tygeade on March 03, 2024, 01:18:01 AM Of course, with the current situation, the economy is uncertain and what is clear is that recession is an aspect that cannot be separated from the economic cycle. The key is that we have to be ready and be smart to adapt. As happened in the past and even recently, during the pandemic there were many layoffs due to the crisis. I agree that it is going to take a while for people to get used to it, we are all aware that it will take some time and it will not be simple. I personally believe that we are going to end up with something much better on the long run, I hope that it will take a while before we could end up getting some people to realize that being prepared doesn't mean that you need to find a job before you get fired, it just means that you should not live pay check to pay check.So before all that happens we have to prepare as early as possible, at least we have to prepare to own rental property, bitcoin investment and business. So keep doing the job you have now so you can increase your net worth. Even if a world recession occurs, we are ready to face it all. It doesn't matter if you have to just eat rice and drink water and live at poverty levels for a while, if you have to then you have to, find a cheaper rent house, find cheap food, live terribly if you have to for a while, but have 6 months worth of salary on the side. So if you get fired, you would have 6 months to find another job. After you have that kind of cash, you can go back to living a normal life with all of your salary. Title: Re: Recession soon? Post by: boty on March 03, 2024, 01:39:38 AM Recession Soon?? and in the next 5 years the situation will become increasingly uncertain. It's a good idea to prepare early now. . The most obvious sign is an increase in the price of raw materials for basic needs, but if we already have several investments the returns are quite good and this can be used as preparation if conditions change at any time. Food and water in the future will really talk about the future... Title: Re: Recession soon? Post by: kentrolla on March 03, 2024, 11:00:18 AM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. I am not so afraid of another recession looming around the corner. We just got out of the covid recession and even the Russia-Ukraine and Israel-Hamas war is not sending the world into another crisis. The global inflation seems to cool down and interest rates could even be lowered later this year. Once we get to lower interest rates again the economy should be picking up. It's true that businesses are looking to reduce staff, which is not only due to a worse economic outlook but also the efficiency gain from Ai. So many companies are relying on Ai already and will do so more heavily in the future. We are seeing now a transformation of workplace like in the industrial era with the invention of the steam engine. More and more jobs will become automated and it's just not important anymore to have a large workforce. I wouldn't worry so much about the global economy, but rather focus on our own future. As long as our job is secure and we have enough free money to invest in cryptos every month we are doing well and are prepared for the future. Yes as long as you have a secure job with decent income to manage your daily expenses and a bit to invest into either crypto or stocks or something else it looks good and yeah inflation seems to calm down which is a good sign but professionals need to think of AI and to what extend it could take their job away and should be cross skilled in order to survive. Title: Re: Recession soon? Post by: CageMabok on March 03, 2024, 11:57:36 AM and in the next 5 years the situation will become increasingly uncertain. It's a good idea to prepare early now. . The most obvious sign is an increase in the price of raw materials for basic needs, but if we already have several investments the returns are quite good and this can be used as preparation if conditions change at any time. Food and water in the future will really talk about the future... In conditions like now, everyone may still be able to invest in good and profitable places. So there should be no need to postpone this any longer if we all still really care about a good future because when conditions become more difficult it certainly won't be easy for most people to make any investments. Apart from only meeting basic needs every day, good things such as investment and important savings must be immediately provided in conditions that are more possible like now.Indeed, it is our obligation to prepare the needs we need in the face of an uncertain situation and the price of goods cannot be controlled and will continue to increase, so it is very necessary for us to have investments that we can hold to be able to meet our needs in the future, this is something It is very important for us to be able to have investments and if we don't have investments of course we have to immediately look for several sources of income that we can save and also invest for the future. The best efforts that can bring benefits in the future must be made now by everyone if they still believe in uncertain conditions in the future. Because we can all see how people who have worked hard beforehand in good conditions are able to handle every problem in difficult conditions by relying on sufficient experience and finances for themselves and also for their own families. So we all have to be better prepared before bad conditions occur so that we can save ourselves from any difficulties in the future.Title: Re: Recession soon? Post by: Webetcoins on March 03, 2024, 07:08:22 PM Recession Soon?? and in the next 5 years the situation will become increasingly uncertain. It's a good idea to prepare early now. . The most obvious sign is an increase in the price of raw materials for basic needs, but if we already have several investments the returns are quite good and this can be used as preparation if conditions change at any time. Food and water in the future will really talk about the future...Investing can be said to be a remedy at them though we shouldn't just hold for too long but we need to sell and secure profit sometimes because assets can experience a down-time too and they may take time to recover again. Title: Re: Recession soon? Post by: VanKushFamily.com on March 03, 2024, 07:15:19 PM Cryptocurrency is about to End the Recession, that is what Started the Recession.
I think some People think this is a Game, I know many weren't here when I was and came in much later than $5 Bitcoins. But I want to Show Everyone something. Below is BLURT, a Newer Currency, and it's Entire History of having Significant Value comes from me being Part of it. There still is Plenty of Room to Grow, as there are Only like 5,000 Daily Users or something, and it should be Several Million. I made it go up because I Bring New People, I just have this Entity around me, a kind of Giant Mass of People and Angels and Ghosts, Demons, but Angels and Demons, and People, many are just People and Law Enforcement and Congress, and the Presidents, and Other Countries, they all know Who I am. Some may be saying "We will VOTE in America" because I am the King of the South, but it's not a Vote. If you want to be King of the South, You have to Feed Everyone like I do. And to be King of the South You have to have the World know who You are. When we Vote, we Hardly know who we are Voting for, to be King, Friends and Enemies must know Your Name and Reputation, Discuss Your Habits, etc. Not just Your "Subjects" but their Predators, like a Shepherd Protecting a Flock. But the Point being that You can actually see it. This image is of the Entire History of BLURT, and You can see me in the Price Spikes. https://i.ibb.co/2s1JnJY/IMG-2516.png This is STEEM, I did it for STEEM before. The way this was done was by Copying what I did for Bitcoin because I actually Helped get Bitcoin to $1,000. So what we did was Simply do Press Releases and Teach Everyone else how, and Start Sharing Email Lists of Businesses and Media. This Brought STEEM up, but with the Anarchist Takeover, the 102 Week Withdrawal Period taken down to 4 Weeks, and the Website being Sold to TRX, the Price Fell. It did go up as You can see, when I taught them how to use SBD, that was how the Price went up, until Bitcoin went from $50,000 to $20,000 and that Hurt STEEM as much as everyone else. STEEM and BLURT are waiting for BTC to go back up (and it has, but they haven't seen the Recovery yet). https://i.ibb.co/W3FjjKp/IMG-2517.png On HIVE my Wife and I Showed what can Really Happen, we went on LinkedIn and Announced VKBT before it was even Stakable, and LinkedIn Flocked to HIVE thinking it was a New Social Media Savior. The Price went to $3.00 before the Investors were Disillusioned and found the White Supremacists Fighting against the Van Kush Family, around Joe Rogan and Rob Dyrdrek, etc. And the Price went back Down. https://i.ibb.co/t231MBs/IMG-2518.png And the big one, Bitcoin. By Teaching Everyone how to do Press Releases, and make Email Lists, I Helped Everyone get the Price up to $1,000 each, then it goes up because of me during Christmas sometimes. And then I sent out 10,000 @ Tags on Facebook to the CoinBase Token Academy, and that gave them the Idea to Post Ads, and that was the First Time we got BTC to $50,000. Now, we are getting it to $100,000, like I said we would. I Told the Mathematicians to make Valuable Altcoins and we would have a $100,000 BTC. https://i.ibb.co/k58hTDS/IMG-2519.png Title: Re: Recession soon? Post by: slashz9 on March 03, 2024, 11:07:00 PM I don't really see it, but from the increase in prices of goods/necessities that I see, will this cause a global recession?
I don't think it will be global but several countries will really feel the impact. Title: Re: Recession soon? Post by: Casdinyard on March 03, 2024, 11:28:23 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. Bro recession's been here all the time, everyone's just in denial at this point and would not care to admit that the economy is on its way to destination fucked. Just recall what happened last 2022, the US literally tried to circumvent a recession by changing the definition of a recession, is that something that sparks confidence that "we're not in the recession yet"? For me, no. It's only time until one country croaks and once that happens, I can see a massive domino effect pushing every other country on the planet to fight back but eventually lose, soon enough we're gonna get into one of the coldest economic times for the fiat industry, and if things do not go well war and famine would ensue, not even crypto's gonna save us at that point. The job market's not specifically made difficult by the impending recession however, although I could see it becoming an effect and a herald of the times to come. In my opinion the only reason why it's so hard to find a job these days is because the market's becoming even more competitive, with the people who's got the skills and the grits getting all the job posts while those who would rather complain than upskill are left behind, it's just louder now cause compared to the 40s, we have the internet to voice out and produce echo chambers that makes us feel like we're bigger even though we're practically the minority. Title: Re: Recession soon? Post by: YUriy1991 on March 04, 2024, 05:36:27 AM Investing can be said to be a remedy at them though we shouldn't just hold for too long but we need to sell and secure profit sometimes because assets can experience a down-time too and they may take time to recover again. At least monitor market conditions. If we are careless and not observant, it will again cause psychological damage to our time and mind and I agree, especially if we invest in crypto, for a decline of 20-40%, it is very vulnerable, it might happen often, especially if there is a sell-off by a large institution like what MicroStrategy did yesterday, although The slight impact is quite noticeable for alt coin holders. On the other hand, we are always obliged to prepare reserve funds that we can use to meet urgent needs, especially inflation conditions, without having to sacrifice the investments we are building or running, otherwise everything will go off its normal path. Title: Re: Recession soon? Post by: Betwrong on March 04, 2024, 08:21:59 AM The prediction of Global Recession has been going on since 2021, they said it would happened in 2022, and then when it didn't happen in 2022 they said it would happen in the 2023, and now when it didn't happen in 2023 they are saying it is going to happen in 2024. I doubt that global recession will happened shortly, unless the world is falling into WW3, other than that global economic will still be okay at least. Most country won't have their economic growth significantly because many factors, but even if there is a recession it would still be in some region and won't happened globally. I agree with what you said. And also you have pointed out correctly about the earlier predictions of Global Recession. The news like that sell good and that's why we can see them around often. It's like predicting an earthquake: might happen and might not. Title: Re: Recession soon? Post by: naira on March 04, 2024, 08:56:02 AM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. Even before Covid, the crisis increased unemployment which was already quite high, then after Covid it hit even worse. In almost all the areas I visited, they have now lost their livelihoods, including employees, street vendors and also shops. This increase is also added to by the migration of shopping places from offline to online. I admit that the process is very faster than usual, online shopping activity has become even more massive during Covid. Not a few grocery stores have gone bankrupt due to being unable to compete with prices made cheap by imported goods and then marketed in online shops blindly. This also encourages the government to evaluate foreign products so as not to flood the market and result in local products being marginalized.Unemployment after Covid has really caused great concern, especially for the lower middle class who only depend on economic turnover in the field sector. Employees who have to be laid off are now finding it increasingly difficult to get job vacancies back because they have different skill demands. In my opinion, this crisis will continue where there is a large migration of large companies that have transferred labor functions to machines and robots. Title: Re: Recession soon? Post by: bestcoins1 on March 04, 2024, 09:16:29 AM I don't really see it, but from the increase in prices of goods/necessities that I see, will this cause a global recession? I don't think it will be global but several countries will really feel the impact. I also don't think it will happen globally now or in the next year, because there are some rich countries that don't feel this way at all right now. But this is actually starting to be felt by several poor countries whose people still find it difficult to find work, so they are also starting to find it difficult to earn money through their own lives, which has a big impact on their needs which are difficult to fulfill in general in life. The increase in prices of basic goods actually occurred at the end of last year, although this may not have been felt so much by large countries with rich populations. But now we can all see that this is only being complained more by poor citizens, where they are starting to find it difficult to get money to meet their daily needs, so they are starting to think that this recession is a very bad thing and has a global impact on all countries. Title: Re: Recession soon? Post by: btc78 on March 04, 2024, 09:56:57 AM I don’t know if this only applies in my country but this is quite common and is actually a problem. Many employees are hired through a contract but only after a few months or so. After that they will be technically fired from the job thus forcing them to find another one. Many citizens from my country find that there are more and better job opportunities in other countries than our own.
Title: Re: Recession soon? Post by: naikturun on March 04, 2024, 10:59:12 AM If everything looks fine, a recession will still happen?
I see the situation here is not too bad but what you mentioned might be true, because good conditions are not completely good. Some countries in their capitals look prosperous but it is not evenly distributed and is very different from other regions in the country. Title: Re: Recession soon? Post by: Dailyscript on March 04, 2024, 02:10:47 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. I don't think the recession is coming. After the pandemic, we have seen lots of products, services, and businesses going digital, and this has made companies and organizations accept the digital era. That is what is increasing on a daily basis and has made companies lay off there workers. I know how many people were sacked from Facebook and other digital companies because of the invention of AI technology, which has made performing tasks easy and faster. If it were you, why would you need more workers to work for you when you can employ just two workers who know how to operate the new technologies and get your work done easily, faster, and accurately? Title: Re: Recession soon? Post by: Warkop on March 04, 2024, 03:39:07 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. It is true that many people have been laid off from their companies due to employee reductions. This is the impact of COVID-19, many companies have experienced a very drastic decline in turnover. Regarding the issue of a recession, I am not so sure this will happen, but the difficulty of getting a job is not only caused by the limited number of job opportunities which are far less than the number of job seekers. However, it is also because there is a gap between the competencies or skills required by the company and the skills possessed by the person himself.Title: Re: Recession soon? Post by: bittraffic on March 04, 2024, 05:07:54 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. It is true that many people have been laid off from their companies due to employee reductions. This is the impact of COVID-19, many companies have experienced a very drastic decline in turnover. Regarding the issue of a recession, I am not so sure this will happen, but the difficulty of getting a job is not only caused by the limited number of job opportunities which are far less than the number of job seekers. However, it is also because there is a gap between the competencies or skills required by the company and the skills possessed by the person himself.Nope, it's sure not that. The inflation hit and employees are asking for higher pay, once granted the company is also trying to reduce the number of employees to pay. Another reason is that there are fewer clients to the companies and you can notice this even in restaurants, only a few are eating out thus the restaurants don't need much workforce. It may not sound recession yet but obviously, this is going where it is. And the government isn't ready to say this to the public as they are once again preventing people from panicking. This is the frog in the boiling water. Title: Re: Recession soon? Post by: Mame89 on March 04, 2024, 06:21:36 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. Looking at the current world situation, a recession will definitely occur. War and conflict are the main causes of the world economic recession because they disrupt economic cooperation between countries/regions. Smooth trade means a smooth economy. Trade stopped, the economy also stopped. Where do you want to get money from if you don't buy and sell goods or services? So this is where a recession will occur and of course it will have an impact on more layoffs.The pandemic several years ago has taught us to live frugally. During this time, many people live glamorously and compete with each other for prestige. For those who have been laid off, we need to go out in the morning looking for business inspiration, considering that business is really needed by the community. Apart from that, the pandemic conditions several years ago taught us that one income is not enough, we have to have a side business so we can invest. So now if you work, you should try to save and invest to face a recession because we don't know what will happen in the future. Title: Re: Recession soon? Post by: WillyAp on March 04, 2024, 07:25:49 PM Yes as long as you have a secure job with decent income to manage your daily expenses and a bit to invest into either crypto or stocks or something else it looks good and yeah inflation seems to calm down which is a good sign but professionals need to think of AI and to what extend it could take their job away and should be cross skilled in order to survive. That is the description of blind people.There is a recession going in most countries. The newpapers won't tell. From Recession recovery: https://www.theguardian.com/business/2021/jun/08/global-economy-set-for-fastest-recession-recovery-in-80-years-says-world-bank To the next https://www.statista.com/topics/9904/recession-indicators-worldwide/ recession. It basically never left to be one since covid. Title: Re: Recession soon? Post by: sekalitas on March 07, 2024, 09:36:23 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. The current layoffs likely stem from a combination of two factors: over-hiring during the pandemic and mismanagement from executive leadership. During the pandemic, companies understandably hired additional staff to manage the increased workload. However, some executives may have authorized these hires without thoroughly evaluating the long-term need for these positions within the company's workflow. Interestingly, when I search about layoffs, they mostly seem to be happening in tech industries. However, in other industries that I'm familiar with, the demand for employees remains high, making it easier to find a job. Title: Re: Recession soon? Post by: Assface16678 on March 07, 2024, 10:36:50 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. The current layoffs likely stem from a combination of two factors: over-hiring during the pandemic and mismanagement from executive leadership. During the pandemic, companies understandably hired additional staff to manage the increased workload. However, some executives may have authorized these hires without thoroughly evaluating the long-term need for these positions within the company's workflow. Interestingly, when I search about layoffs, they mostly seem to be happening in tech industries. However, in other industries that I'm familiar with, the demand for employees remains high, making it easier to find a job. Title: Re: Recession soon? Post by: WillyAp on March 08, 2024, 02:14:56 PM The inbalance in the news is easily explained thru the overhead earings of new people.
They are blind to the woes most working class people have to go thru. You make 5k+ a month it does not matter if you pay weekly 200 $ or 500 for food. Most of high earners don't even cook. (plus it leads to a raise in covid related ills) Have one child, if that. Imagine making 2k or less and having 3 kids. Title: Re: Recession soon? Post by: Erasmo967 on March 08, 2024, 02:28:24 PM Looks like it is going to happed.
A recession is typically defined as a significant decline in economic activity across the economy, lasting for a sustained period of time. This decline is often marked by a contraction in Gross Domestic Product, rising unemployment rates, reduced consumer spending, and decreased business investment. Title: Re: Recession soon? Post by: TheUltraElite on March 08, 2024, 02:37:12 PM The pandemic created some extra job opportunities but I feel the bigger reason is adoption of AI based systems to do the repetitive type work leading to the job cuts of users who did those jobs. Skill based jobs will always have their demand and they will never get cut out unless they are very poor in their work.
However there might be other reasons soo, tech companies have been cutting down staff for quite a few years and hiring people as well. The turnover if kept constant might mean that they want the employees to deliver good results instead of staying in the status quo. Title: Re: Recession soon? Post by: batang_bitcoin on March 08, 2024, 11:20:58 PM Looks like it is going to happed. It has already happened.Japan unexpectedly slips into recession, Germany now world's third-biggest economy (https://www.reuters.com/markets/asia/japans-economy-slips-into-recession-weak-domestic-demand-2024-02-15/) We're now just waiting for US to announce it but it seems they're tough and won't be reporting anything like that. A recession is typically defined as a significant decline in economic activity across the economy, lasting for a sustained period of time. This decline is often marked by a contraction in Gross Domestic Product, rising unemployment rates, reduced consumer spending, and decreased business investment. An overall down in the economy and that's why when a country goes through a recession, it hits a lot of citizens that are on the threshold of being poor to the middle class.Title: Re: Recession soon? Post by: yohananaomi on March 10, 2024, 11:58:25 PM Looks like it is going to happed. There are no signs that point to it, yet according to what you said "it looks like it will happen" every recession will always be preceded by a worsening of the economy due to major events or shocks like the last "Covid", or is it is true that you said that the decline in purchasing power and is unemployment rate are increasing big. It is possible that only certain countries may have an impact, and it may not and has not yet been seen in European countries, which are the mainstay of economic development. But even if it happens, hopefully it won't drag on like when the Covid hit. It's enough that now the impact is still felt in developing countries, it's hard to find work, making it difficult for purchasing power to meet the needs of a decent living.A recession is typically defined as a significant decline in economic activity across the economy, lasting for a sustained period of time. This decline is often marked by a contraction in Gross Domestic Product, rising unemployment rates, reduced consumer spending, and decreased business investment. Title: Re: Recession soon? Post by: MissNonFall9 on March 11, 2024, 02:54:40 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. Just because some companies are laying off people doesn't mean we are headed for a recession anytime soon. Laying off workers is a specific strategy adopted by companies to maximize profits. Moreover, the world is now much better off from the COVID-19 economic situation. Moreover, since the current situation is dependent on technology, people are engaged in earning more from home or some are choosing to become entrepreneurs. Moreover, when people cannot create jobs, it also means that the country's human resources are much more than the requirements i.e., overpopulation.Title: Re: Recession soon? Post by: poodle63 on March 11, 2024, 03:09:34 PM certain countries are facing difficult time with economy i think not because we are supposedly going into recession though but because some countries are just lacking innovation since they are industrial country where they produce good lacking in that sector would mean lesser annual income for the country itself I guess.
so far im not really bothered by it though I invested in bitcoin I know bitcoin could grow easily and counter the inflation even go way beyond the inflation doubling my money so instead with the bullrun of bitcoin im getting a really good time right now with my financial condition though arguably my investment is only very few its really helps a lot. bitcoin going up at the time like this is really such a refreshing gush of wind that really spare many of us from being drowned into recession and getting our purchasing power plummeted because of it. Title: Re: Recession soon? Post by: Wakate on March 11, 2024, 03:58:48 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. The problem is everywhere and we need to understand that this is not going to end im time soon. We need to keep working and doing what we need to be doing to keep food on our table. It is not easy for family men feeding there wife and children especially someone that has plenty of children. Life is hard and we need to know what we need to doing working extra hours for us to make sure we have enough funds to take care of our children. The inflation keeps increasing and people complaining of problems here and there not having enough funds to take care of there families. Food is becoming expensive why salary is never increasing. Something need to be done about this or else there will be more crime in the society because of quest for money. Title: Re: Recession soon? Post by: Uhwuchukwu53 on March 12, 2024, 07:20:49 AM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. From my perspective of reasoning see it as result of many large companies adopting the use of AI to work in certain area of man power, allot of machine are already on ground that can handle some man power which will take a month with 20-30 persons in a day, in situation like this companies will lay off some of their man power. Recession can't just happened with just few numbers of worker lay off , but if eventually all company and firms adopt the use of AI where it limit the number of worker as few will be required to operate the AI it can be seen as recession in workers perspective. Title: Re: Recession soon? Post by: YUriy1991 on March 12, 2024, 11:20:26 AM From my perspective of reasoning see it as result of many large companies adopting the use of AI to work in certain area of man power, allot of machine are already on ground that can handle some man power which will take a month with 20-30 persons in a day, in situation like this companies will lay off some of their man power. Recession can't just happened with just few numbers of worker lay off , but if eventually all company and firms adopt the use of AI where it limit the number of worker as few will be required to operate the AI it can be seen as recession in workers perspective. In fact, a recession occurs when we see overall economic activity decreasing and we can see this from the slowdown in economic growth in a certain place over a certain period of time. So, do you want to look at it locally or globally, Apart from that, there has been a decline in sluggish consumer demand due to weak people's incomes due to difficulty in finding money or other financial crises. For the worker sector, AI technology cannot necessarily be justified in its use as the main cause if seen from cases of its use. The new perspective is correct if its massive adoption by large companies throughout the world has occurred everywhere. Well, that can only be said to be in the category. However, if only a small amount of use may not be the dominant cause. I think there is another, more reasonable reason that the dominant people now find it difficult to earn money and its value is low when spent. Title: Re: Recession soon? Post by: Pi-network314159 on March 14, 2024, 06:56:03 AM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. I was equally a victim of one of those who where stopped from there place of work because of COVID-19. What I understood was that there where alot of manpower employee which was employed eirler before the the COVID 19 and companies where looking for a way of reducing the manpower or work force but didn't know how to, but used the COVID-19 opportunity to reduce some numbers of workers and stick to some fewer workers. I believe most companies are banked rupt and don't have enough money to hire workers thats why unemployment rate is everywhere. There is no much product except for the mini company but most multi companies has crashed after COVID. and other natural disasters like flood and earthquakes from the country that has such problem always. So any country that faces this natural disaster problem will always find it difficult to get employment because most companies will take time to get fund to start again.Title: Re: Recession soon? Post by: Jatiluhung on March 14, 2024, 07:20:51 AM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. I think that in several countries a recession is currently occurring. And several other countries are also struggling to avoid recession. But I think after the inflation that occurred in previous years it will be quite difficult to avoid a recession in the end. We personally just have to be prepared for all the possibilities that could happen. So I have been preparing myself since the previous years. Because I saw that the potential for a recession was very large after hearing that the Central Bank had increased interest rates in previous years. Since then I started preparing myself. But now several countries are starting to recover economically. But the majority are still in a situation that is quite difficult. Because it seems like most people are trapped in a recession at the moment. But it seems that quite a lot of Asian countries can avoid the current recession.Title: Re: Recession soon? Post by: Kriptogram14 on March 14, 2024, 08:26:40 AM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. I think that in several countries a recession is currently occurring. And several other countries are also struggling to avoid recession. But I think after the inflation that occurred in previous years it will be quite difficult to avoid a recession in the end. We personally just have to be prepared for all the possibilities that could happen. So I have been preparing myself since the previous years. Because I saw that the potential for a recession was very large after hearing that the Central Bank had increased interest rates in previous years. Since then I started preparing myself. But now several countries are starting to recover economically. But the majority are still in a situation that is quite difficult. Because it seems like most people are trapped in a recession at the moment. But it seems that quite a lot of Asian countries can avoid the current recession.Title: Re: Recession soon? Post by: kro55 on March 14, 2024, 09:09:55 AM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. I think that in several countries a recession is currently occurring. And several other countries are also struggling to avoid recession. But I think after the inflation that occurred in previous years it will be quite difficult to avoid a recession in the end. We personally just have to be prepared for all the possibilities that could happen. So I have been preparing myself since the previous years. Because I saw that the potential for a recession was very large after hearing that the Central Bank had increased interest rates in previous years. Since then I started preparing myself. But now several countries are starting to recover economically. But the majority are still in a situation that is quite difficult. Because it seems like most people are trapped in a recession at the moment. But it seems that quite a lot of Asian countries can avoid the current recession.The economic situation of each country is different, some countries have been confirmed to be in recession since last year, but some are not yet. Most major economies such as the US or China have almost escaped recession and their economies are gradually entering the recovery phase. That is shown by the fact that the Fed is planning to start lowering interest rates this year. Personally, I don't think there will be a large-scale recession. Although corporations continuously announce layoffs, if you pay attention, most companies report quite good revenue and profits. All stocks are growing very well, how can you say they are facing difficulties? Title: Re: Recession soon? Post by: prosmmservice on March 14, 2024, 09:53:10 AM Wait, isn't recession already going on? We have money but its not enough now. Everything is so expensive.
Title: Re: Recession soon? Post by: Hispo on March 14, 2024, 10:08:24 AM Wait, isn't recession already going on? We have money but its not enough now. Everything is so expensive. Inflation and recession are two economical concepts which are pretty much very different from each other, actually. Inflation is about the change of prices of products and services for those who are the final consumers in the economy. While recession refers to a negative growth of the economy happening consecutively each period of time the economical growth is measured (I think it is measured each semester or quarter, for the sake of economic metrics). So, the prices of the stuff you buy could be going up at some reasonable pace, but of somehow the government of your country manages to keep the size of the economy to go up, then by definition there would be no recession going on. Though, it is true that a high inflation usually is linked to a deceleration of the economy. Title: Re: Recession soon? Post by: WillyAp on March 14, 2024, 11:40:44 AM ...but of somehow the government of your country manages to keep the size of the economy to go up, then by definition there would be no recession going on. Though, it is true that a high inflation usually is linked to a deceleration of the economy. Yeap exactly we learn that there are values set up just to play the public. And as governments renew constantly we get all new ideas tested and failed several times over, just presented as new. Title: Re: Recession soon? Post by: slapper on March 14, 2024, 12:59:05 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. I think that in several countries a recession is currently occurring. And several other countries are also struggling to avoid recession. But I think after the inflation that occurred in previous years it will be quite difficult to avoid a recession in the end. We personally just have to be prepared for all the possibilities that could happen. So I have been preparing myself since the previous years. Because I saw that the potential for a recession was very large after hearing that the Central Bank had increased interest rates in previous years. Since then I started preparing myself. But now several countries are starting to recover economically. But the majority are still in a situation that is quite difficult. Because it seems like most people are trapped in a recession at the moment. But it seems that quite a lot of Asian countries can avoid the current recession.Our combined apathy and rising basic necessity prices are disgusting. We must demand more from our authorities than superficial remedies. It's about systemic transformation and policies that heal, not bandage. Access to education, financial knowledge, and healthcare are necessities Preparing for recession? It goes beyond saving money. Building a society that can survive economic shocks. Change the topic from despair to determination. The future looks terrible, but it's not set in stone. We can create a path that thrives together Title: Re: Recession soon? Post by: Rockstarguy on March 14, 2024, 01:29:17 PM Looks like it is going to happed. No one knows what will happen next and where we are heading to, in the past the recession that happened was as a surprise that nobody even expect it to happen. Recession can happen anytime, but the important thing is that we need to learn to be prepared for recession by saving and investing because the future can never predicted. The last recession was as a result of covid and it took people unaware, it was only people that was prepared that was able to survive the recession then. No one can tell when another will be coming, I think we need to be prepared financially for the future because anything can happen. A recession is typically defined as a significant decline in economic activity across the economy, lasting for a sustained period of time. This decline is often marked by a contraction in Gross Domestic Product, rising unemployment rates, reduced consumer spending, and decreased business investment. Title: Re: Recession soon? Post by: Promocodeudo on March 14, 2024, 01:48:28 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. When a company can no longer handle the expenses that's accrued to them, what do we expect, I think redundancy is better than going bankrupt, a company whose monthly or annual profit is no longer enough to pay their actual work force number should either sells of their stake or remain relevant in the market by doing the needful. If we should consider the the things that are happening now, I will say that many countries are in the recession already. Some countries can no longer sustain their workforce because of this recession but though this might be as a result of the government mismanage of funds meant to be used to foster more production. Title: Re: Recession soon? Post by: WillyAp on March 14, 2024, 06:39:56 PM When a company can no longer handle the expenses that's accrued to them, what do we expect, I think redundancy is better than going bankrupt, a company whose monthly or annual profit is no longer enough to pay their actual work force number should either sells of their stake or remain relevant in the market by doing the needful. You seem not to know corporate culture. I need 15k, a car paid for by the company and my 5 employees have to do the work of 15 and can go home with 1200 each due to the harsh times? I know that is slightly exaggerated. ;D Title: Re: Recession soon? Post by: stompix on March 15, 2024, 06:00:24 PM We're now just waiting for US to announce it but it seems they're tough and won't be reporting anything like that. Nobody is waiting for that because the US economy is still growing by a large margin: https://www.bea.gov/data/gdp/gross-domestic-product Quote Real gross domestic product (GDP) increased at an annual rate of 3.2 percent in the fourth quarter of 2023, according to the “second” estimate. In the third quarter, real GDP increased 4.9 percent. I know it's a thing that has become like the daily prayer for some to see the USA in trouble but right now you couldn't be further from the truth. And in a short time all those fears about recessions will turn to be just like the other crises that never materialized apart from the media, the food crisis, the energy crisis and so on! Wait, isn't recession already going on? We have money but its not enough now. Everything is so expensive. Pricing increasing is not a recession, if you would go by the price indicator alone right now a deflation would be far more likely to trigger a recession. Things are expensive because there is demand for them even at those prices, otherwise, you would see all those markets crashing down like the real estate did a decade ago, but there are no signs of that if you exclude all the fearmongering that has been around for a decade also. Title: Re: Recession soon? Post by: cryptosize on March 16, 2024, 05:17:42 PM We're now just waiting for US to announce it but it seems they're tough and won't be reporting anything like that. Nobody is waiting for that because the US economy is still growing by a large margin: https://www.bea.gov/data/gdp/gross-domestic-product Quote Real gross domestic product (GDP) increased at an annual rate of 3.2 percent in the fourth quarter of 2023, according to the “second” estimate. In the third quarter, real GDP increased 4.9 percent. I know it's a thing that has become like the daily prayer for some to see the USA in trouble but right now you couldn't be further from the truth. And in a short time all those fears about recessions will turn to be just like the other crises that never materialized apart from the media, the food crisis, the energy crisis and so on! Wait, isn't recession already going on? We have money but its not enough now. Everything is so expensive. Pricing increasing is not a recession, if you would go by the price indicator alone right now a deflation would be far more likely to trigger a recession. Things are expensive because there is demand for them even at those prices, otherwise, you would see all those markets crashing down like the real estate did a decade ago, but there are no signs of that if you exclude all the fearmongering that has been around for a decade also. How long do you expect the US economy and the USD to be dominant (https://www.youtube.com/watch?v=OuOcnGAv4oo)? Historical patterns indicate the USD is already a grandpa waiting to be phased out vs BTC being a baby: https://miro.medium.com/v2/resize:fit:1400/0*RUhaQn8pvVs0ovSX.png https://www.cryptocharlie.eu/wp-content/uploads/2022/04/Evolution-of-World-Reserve-Currencies.jpg According to Davos it seems that China will be No1 (double GDP) by 2030: https://www.weforum.org/agenda/2019/01/india-will-overtake-the-us-economy-by-2030/ Of course it won't be easy, they'll have to capture Taiwan (TSMC) first to become the leaders of Digital Transformation/AI revolution... I expect FED to start a massive "green" QE in late 2024/early 2025 (like they did for COVID back in 2020-2021). ECB has shown some signs they're "concerned" about climate change: https://www.ecb.europa.eu/ecb/educational/explainers/html/why_climate_change_matters.en.html Add on top of that the halving effect, the ETF demand for BTC and we're in for a treat. Maybe the biggest bull run ever, possibly even bigger than 2013... Title: Re: Recession soon? Post by: WillyAp on March 16, 2024, 07:21:34 PM According to Davos it seems that China will be No1 (double GDP) by 2030: GDP is smokescreen data, that much we should all notice.Its a system data showing how a country is doing. Acording to GDP Russia is doing fine. US of A is doing fine too, and most countries give cleaned data to the "authorities" who like to sample those. Davos known as being worker friendly. No doubt that the upper political class is doing just fine. Title: Re: Recession soon? Post by: cryptosize on March 16, 2024, 07:29:06 PM According to Davos it seems that China will be No1 (double GDP) by 2030: GDP is smokescreen data, that much we should all notice.Its a system data showing how a country is doing. Acording to GDP Russia is doing fine. US of A is doing fine too, and most countries give cleaned data to the "authorities" who like to sample those. Davos known as being worker friendly. No doubt that the upper political class is doing just fine. There are also other metrics, such as the Gini coefficient, but I don't think it's better to live in Cuba compared to USA, despite having "free" healthcare. Title: Re: Recession soon? Post by: WillyAp on March 16, 2024, 08:00:12 PM For better or worse, GDP is the best metric to compare economies in capitalism... There are also other metrics, such as the Gini coefficient, but I don't think it's better to live in Cuba compared to USA, despite having "free" healthcare. The Bic Mac index is better than GDP. Pair that with education and we are getting there. Either country is not really for me. Title: Re: Recession soon? Post by: someone703 on March 16, 2024, 08:28:05 PM Low interest rates can incentivize businesses to invest and grow, potentially leading to job creation. Imagine a business owner who sees low borrowing costs as an opportunity to expand, hiring new workers in the process.
The equation isn't quite that simple. While low rates might stimulate borrowing, they can also fuel inflation. Imagine a scenario where everyone has easy access to cheap credit, leading to a surge in spending and eventually, rising prices. Central banks raise interest rates to combat inflation, but this can dampen economic growth. It's a delicate balancing act. Businesses might choose to park their money in savings accounts if interest rates rise significantly. The potential for a return on investment becomes more attractive than the risks of expansion. This shift in behavior could lead to a slowdown in economic activity. Title: Re: Recession soon? Post by: Belarge on March 16, 2024, 10:48:45 PM Low interest rates can incentivize businesses to invest and grow, potentially leading to job creation. Imagine a business owner who sees low borrowing costs as an opportunity to expand, hiring new workers in the process. We all have behavior that we're getting use to and this have been the major hurdles that have been dropping my points in games. I'm supposed to site in comfortable position when I'm losing? I'll continue to invests because the main investor don't take slightly mistakes. We can continue earning from the system, it's no pure luck but backup with thorough work. The system is broad and there's vast number of earnings. Our solid business will start milking the system at scenario where we're seeing clearly. The huge rules in the system will definitely keep on recurring because thr hammer.The equation isn't quite that simple. While low rates might stimulate borrowing, they can also fuel inflation. Imagine a scenario where everyone has easy access to cheap credit, leading to a surge in spending and eventually, rising prices. Central banks raise interest rates to combat inflation, but this can dampen economic growth. It's a delicate balancing act. Businesses might choose to park their money in savings accounts if interest rates rise significantly. The potential for a return on investment becomes more attractive than the risks of expansion. This shift in behavior could lead to a slowdown in economic activity. Title: Re: Recession soon? Post by: stompix on March 16, 2024, 11:14:40 PM According to Davos it seems that China will be No1 (double GDP) by 2030: https://www.weforum.org/agenda/2019/01/india-will-overtake-the-us-economy-by-2030/ Look better at that chart: https://www.talkimg.com/images/2024/03/16/JtNLG.png PPP, or the way to tell poor people eating a loaf of bread in the slums of Lagos is the same as Buffet having a golden sprinkled wagyu steak in Manhattan. By PPP Egypt has a 2 trillion economy, by USD or, well Bitcoin, it's only 400 billion. Of course it won't be easy, they'll have to capture Taiwan (TSMC) first to become the leaders of Digital Transformation/AI revolution... TSMC is nothing with ASML, and good luck in invading the Netherlands. Historical patterns indicate the USD is already a grandpa waiting to be phased out vs BTC being a baby: Those patterns have all the same story, the main power falling in a war against another continental power. Now, based on those patterns, how do you see Mexico or Canada faring in a war against the US? Title: Re: Recession soon? Post by: cryptosize on March 17, 2024, 12:19:34 AM According to Davos it seems that China will be No1 (double GDP) by 2030: https://www.weforum.org/agenda/2019/01/india-will-overtake-the-us-economy-by-2030/ Look better at that chart: https://www.talkimg.com/images/2024/03/16/JtNLG.png PPP, or the way to tell poor people eating a loaf of bread in the slums of Lagos is the same as Buffet having a golden sprinkled wagyu steak in Manhattan. By PPP Egypt has a 2 trillion economy, by USD or, well Bitcoin, it's only 400 billion. It says "Top 10 countries by nominal GDP in 2030" https://finance.yahoo.com/news/ubs-survey-china-world-superpower-185949233.html https://www.dailymail.co.uk/news/article-6575793/China-worlds-largest-economy-2030-India-surpass-U-S.html https://www.youtube.com/watch?v=jo1PiiVEfGQ It seems you enjoy being a contrarian a la Franky... Of course it won't be easy, they'll have to capture Taiwan (TSMC) first to become the leaders of Digital Transformation/AI revolution... TSMC is nothing with ASML, and good luck in invading the Netherlands. It seems you have "forgotten" this for some strange reason: https://www.reuters.com/article/us-asml-holding-usa-china-insight-idUSKBN1Z50HN Care to explain why Trump was worried about China getting their hands on ASML equipment? ::) Also, keep in mind 95% of solar panels imported in the EU are made in China: https://www.reuters.com/business/energy/with-solar-industry-crisis-europe-bind-over-chinese-imports-2024-02-06/ https://www.euronews.com/my-europe/2024/02/13/chinese-competition-poses-existential-threat-to-europes-solar-industry https://www.economist.com/europe/2024/02/08/europe-is-importing-a-solar-boom-good-news-for-nearly-everyone https://balkangreenenergynews.com/eu-rules-out-measures-against-imports-of-solar-panels-from-china/ Wanna know what will happen to the green transition (https://www.ecb.europa.eu/ecb/educational/explainers/html/why_climate_change_matters.en.html) if China stops exporting solar panels to the EU? It seems you're totally clueless when it comes to geopolitics and 4D chess. EU is already struggling with LNG, let's not make it even worse than it already is, shall we? China has everyone by the balls and it's West's fault for outsourcing the manufacturing to East Asia. EU cannot even manufacture a modern chip foundry to compete against TSMC... Dresden used to have a high-end AMD factory back in 1999-2000. Those days are long gone. Historical patterns indicate the USD is already a grandpa waiting to be phased out vs BTC being a baby: Those patterns have all the same story, the main power falling in a war against another continental power. Now, based on those patterns, how do you see Mexico or Canada faring in a war against the US? Come on, it's China vs USA. Everybody has figured it out, except you it seems: https://www.telegraph.co.uk/news/2021/03/10/china-could-invade-taiwan-2027-top-us-admiral-warns/ https://www.youtube.com/watch?v=KiaukPUV6Hg&t=1622s Great Reset tells you nothing? Ancient Romans also had lots of faith in their empire... that aged well. I don't expect anything to last forever (including Bitcoin), but as I said BTC is still a baby, not even an adult. Still a long way to go, unlike the dollar. I'll never understand geriatric Bitcoiners who put so much faith in a declining empire. ??? Have you invested in 401k or what? I also suggest to study this one: https://www.brandonquittem.com/bitcoin-rhythms-of-history/ Title: Re: Recession soon? Post by: stompix on March 17, 2024, 12:57:31 AM Look better at that chart: https://www.talkimg.com/images/2024/03/16/JtNLG.png It says "Top 10 countries by nominal GDP in 2030" The chart still says PPP. Show me one with GDP nominal. Sure thing, Chinese are pretty good at reverse engineering stuff. I thought that was common sense. And yet they need to invite Taiwan for that? You forgot where your scenario started, let me remind you: Quote Of course it won't be easy, they'll have to capture Taiwan (TSMC) first to become the leaders of Digital Transformation/AI revolution... Your words, not mine, they will HAVE TO /FIRST! Love these moving goalposts. Also, keep in mind 95% of solar panels imported in the EU are made in China: Solar panels are not chips! Even Morroco has a solar panel manufacturer, but not that many chips! EU is already struggling with LNG, let's not make it even worse than it already is, shall we? Yeah, we already have frozen to death two winters already and eaten out pet hamsters, so let's not listen to Russian propaganda anymore...Right? Gas is trading below the levels before the invasion, so don't go there! Come on, it's China vs USA. Everybody has figured it out, except you it seems: It's more like China versus US, EU, Nato, Australia, New Zeeland, Japan, South Korea, Philipines, Vietnam, Singapore, and Taiwan. I'll never understand geriatric Bitcoiners who put so much faith in a declining empire. ??? Have you invested in 401k or what? Neah, it's because my grandparents heard that since 45, and my parents and I heard that in the breadlines till 89, my kid is hearing this as he grows, his nephew will hear that and look at it, the only thing in the world that died more times than Bitcoin is the USD. Yet, even here, even you, you know the price of Bitcoin in USD, you don't know the price of USD in Bitcoin! Call me when that happens! Oh my bad, call my grandchild! Title: Re: Recession soon? Post by: cryptosize on March 17, 2024, 01:07:28 AM Gotcha, you're from an ex-commie/USSR country and you think USA is the "savior". ;D Poor guy, you still have trauma from the breadlines in Poland...
I'll call you again in 2030, biased guy... Spoiler alert: Davos controls every country (from USA to China). The capitalism vs communism division is faux for guys like you. You also forgot farmer protests in EU for some strange reason... yeah, LNG prices and incessant USD/EUR printing caused too much inflation. But sure, it's all Russian propaganda (even Putin is controlled by Davos). Sorry to burst your bubble, but there is no savior here. ps: I know the price of USD in sats. It seems you're also a faux Bitcoiner, otherwise you would count in sats too, not dollars. Such a disappointment this forum is. Faux Bitcoin maxis everywhere. Title: Re: Recession soon? Post by: stompix on March 17, 2024, 01:20:07 AM I'll call you again in 2030, biased guy... Yeah, got it, no actual arguments just slogans, so, call me in 2030! Title: Re: Recession soon? Post by: cryptosize on March 17, 2024, 01:24:09 AM I'll call you again in 2030, biased guy... Yeah, got it, no actual arguments just slogans, so, call me in 2030! 1 BTC Put your money where your mouth is. ps: I'm not a fan of China or totalitarianism in general (including faux Western "democracies"), but that's just the way things are heading according to Davos/WEF. If West was not that dumb, then China would still be piss poor. This is all our fault. Be a man and admit it. Title: Re: Recession soon? Post by: stompix on March 17, 2024, 01:55:47 AM ps: I'm not a fan of China or totalitarianism in general (including faux Western "democracies"), but that's just the way things are heading according to Davos/WEF. Let me save you 1 BTC: This is the link you shared! It says 2030 but it's written in 2019! https://www.weforum.org/agenda/2019/01/india-will-overtake-the-us-economy-by-2030/ Second, it's not Davos, whatever you think that means, it's "according to Standard Chartered " and it's bassed on their prediction from 2010 Which you can read here: https://www.sc.com/sg/_pdf/SuperCycle_external_Final.pdf Quote For example, China’s growth rate in real terms is forecast at 9.3% (2011) and 10.0% (2012), averaging 6.9% over the two decades to 2030. How's that "prediction working?Now, this is 2023 reality: https://www.reuters.com/world/china/will-china-ever-get-rich-new-era-much-slower-growth-dawns-2023-07-18/ Third, since I have serious doubts you know what nominal GDP is, let me do simple math for you, you know, basic numbers, things that are anchored in reality not youtube vids. Currently, US's GDP is 27 Trillons, while China's is 17.7 Trilions, we talk NOMINAL not PPP. There are 6 years till 2030, which means China will have to grow each year by 8%, so exceeding by almost double the CCP own prediction and the US will have to stand at a standstill for that to happen. Now assuming 5% as the CCP has mandated it to happen and the US sitting again still, you will need till 2035. So, are you that sure one Bitcoin will be worthless by 2030 that you want to take this bet? Title: Re: Recession soon? Post by: cryptosize on March 17, 2024, 02:03:34 AM You're totally ignorant about WEF's agenda (Great Reset), got it.
Regarding GDP growth, you're still thinking in human terms: https://www.youtube.com/watch?v=2qCJ7X2H1Qw I don't care if 1 BTC is worthless or if it costs 1 million bucks by 2030. 1 BTC = 1 BTC. Right? Willing to take the bet or nah? Title: Re: Recession soon? Post by: stompix on March 17, 2024, 02:10:28 AM I don't care if 1 BTC is worthless I think that you actually believe that more than you want to let people know, otherwise you would propose the bet. Willing to take the bet or nah? Yup, show the conditions and who decides the numbers and the winner, if I think it's fair it's a $66 000 bet! Title: Re: Recession soon? Post by: cryptosize on March 17, 2024, 02:13:08 AM I think that you actually believe that more than you want to let people know, otherwise you would propose the bet. I believe 1 BTC = 1 BTC.What do you believe? Yup, show the conditions and who decides the numbers and the winner, if I think it's fair it's a $66 000 bet! I don't speak in terms of dollars for the bet, so don't use that metric.If China becomes No1 in nominal (not PPP) GDP, you'll give me 1 BTC. If USA remains No1, I'll give you 1 BTC. How does that sound? Title: Re: Recession soon? Post by: stompix on March 17, 2024, 02:20:56 AM I don't speak in terms of dollars for the bet, so don't use that metric. If China becomes No1 in nominal (not PPP) GDP, you'll give me 1 BTC. If USA remains No1, I'll give you 1 BTC. How does that sound? Do you actually know how to make a bet ? 1) We work with IMF/World Bank/Zerohedge/Alex Jones numbers? 2) The GDP numbers are for the end of 2030, so it includes the 2030 year or it must happen during 2030, so basically Q3 2030 (fixed this), or it must be till 2030 3) When it's the final decision-making limit? 4) What user(s) we use for arbitrage? 5) What escrow? 6) You're just wasting my time trolling, right? Title: Re: Recession soon? Post by: cryptosize on March 17, 2024, 02:22:54 AM You're just wasting my time trolling, right? I'm afraid you're trolling me (believing that BTC will go to zero by 2030) and you're doing psychological projection on me.Poor commie guy... those breadlines in Poland must have caused you severe childhood trauma. :'( Title: Re: Recession soon? Post by: cryptosize on March 17, 2024, 02:46:38 AM Btw:
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP) #1 China #2 USA So IF this prediction was really talking about PPP GDP (as you insist), it's already true (China is already #1 in PPP GDP according to the above link): https://www.weforum.org/agenda/2019/01/india-will-overtake-the-us-economy-by-2030/ But I told you it's talking about nominal GDP, not PPP and you're trying to lecture me about economics (:D), even though you don't understand that AI can bring exponential GDP growth (and you need high-end microchips for exponential AI/GDP growth, that's why they want to capture Taiwan/TSMC): https://i.imgur.com/O3r2uwx.png China experiences (slow) depopulation since 2023 (first time since 1961), so there's no way they're going to experience economic growth by using cheap human labor force. Stop thinking in human terms and start thinking in AI terms. Responding in an overly defensive and sentimental manner ("I've had a bad childhood :'( in USSR, so I'm going to defend USA to death") is not going to get you very far in life... ;) TBH, I don't even know why you got into Bitcoin in the first place, since you have so much faith in USD surviving longer than 100 years (the usual average for global reserve currencies). Chill down a bit, you tend to do this pretty often on this forum. Just because someone said back in 1945 that USA will fall "soon", doesn't mean that every prediction is wrong. USA was still a baby back in 1945. Now it's an old senile man. Apples and oranges comparison really. It's like arguing that BTC will fall soon (just like you did), even though it's still in its infancy. BTC might fall in 2140 (since it will be over 100+ years old), but nobody knows for sure, since we won't be alive by then. It's OK to be a man, admit you were wrong and decline the bet. :) No harm done! Title: Re: Recession soon? Post by: WillyAp on March 18, 2024, 11:55:42 AM If West was not that dumb, then China would still be piss poor. This is all our fault. Be a man and admit it. Why is it dumb to help China get richer? More countries without financial issues cause a lesser amount of conflicts. The way it was done was not very smart, true. Still we are better off with China having money than relying on just "the west". The West is pretty exclusive. By we, I count all 3rd World countries, which instead of looking for their own path try to copy the west. Title: Re: Recession soon? Post by: cryptosize on March 18, 2024, 04:26:43 PM If West was not that dumb, then China would still be piss poor. This is all our fault. Be a man and admit it. Why is it dumb to help China get richer? More countries without financial issues cause a lesser amount of conflicts. The way it was done was not very smart, true. Still we are better off with China having money than relying on just "the west". The West is pretty exclusive. By we, I count all 3rd World countries, which instead of looking for their own path try to copy the west. Because by making blue collar workers poor by sending the manufacturing to East Asia you wonder as a privileged white collar worker from your ivory Silicon Valley tower why populism became so... popular. Need I continue? Title: Re: Recession soon? Post by: Webetcoins on March 20, 2024, 10:51:02 AM When a company can no longer handle the expenses that's accrued to them, what do we expect, I think redundancy is better than going bankrupt, a company whose monthly or annual profit is no longer enough to pay their actual work force number should either sells of their stake or remain relevant in the market by doing the needful. No one wants to get bankrupt, so redundancy is always going to be their first choice once they enter a recession state. There is still a chance for them to recover and that's going to be the time for them to add more workers again. I think another option that a company can do is to reduce their worker's salary.If we should consider the the things that are happening now, I will say that many countries are in the recession already. Some countries can no longer sustain their workforce because of this recession but though this might be as a result of the government mismanage of funds meant to be used to foster more production. This is sad but at least we are still working and earning something as a worker, right? And it can only be temporary but once the company recovers again, our salary can also go back to normal and might have an increase as a compensation to what happened last time. It's still better to prepare for the worst like a recession by having some savings or investment. Title: Re: Recession soon? Post by: jasonjm on March 20, 2024, 02:42:44 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. I think the global economy is going into recession. Major global economies, such as Germany, Japan etc., went into recession this year and the chances are that many other countries will follow suit. The other reason might be that companies are laying off employees because they are looking to cut their expenses and increase profit. They might prefer quality over quantity. With China's economic slowdown and news about the NATO-Russia war (probably a bluff), things can go south in the coming months. Title: Re: Recession soon? Post by: slapper on March 20, 2024, 03:16:36 PM When a company can no longer handle the expenses that's accrued to them, what do we expect, I think redundancy is better than going bankrupt, a company whose monthly or annual profit is no longer enough to pay their actual work force number should either sells of their stake or remain relevant in the market by doing the needful. No one wants to get bankrupt, so redundancy is always going to be their first choice once they enter a recession state. There is still a chance for them to recover and that's going to be the time for them to add more workers again. I think another option that a company can do is to reduce their worker's salary.If we should consider the the things that are happening now, I will say that many countries are in the recession already. Some countries can no longer sustain their workforce because of this recession but though this might be as a result of the government mismanage of funds meant to be used to foster more production. This is sad but at least we are still working and earning something as a worker, right? And it can only be temporary but once the company recovers again, our salary can also go back to normal and might have an increase as a compensation to what happened last time. It's still better to prepare for the worst like a recession by having some savings or investment. Reducing pay is another matter. We're still paid, but at what cost? Our livelihoods? Our sanity? You're right: temporary pain for long-term gain. This temporary becomes the new normal when? Companies love to promise salary rebounds and raises. However, how often does that occur? Saving or investing for the worst is wise. No argument. However, many can't afford preparing The key? Don't merely avoid life's unavoidable challenges; learn how to find meaning and purpose in them Title: Re: Recession soon? Post by: WillyAp on March 21, 2024, 12:59:49 PM Because now China is rich enough to train their army for Taiwan's invasion. Or none as it's up to their people to do what they think they need to do. No regime is eternal and stable, it only takes a few ingredients and they fall. Title: Re: Recession soon? Post by: Mate2237 on March 21, 2024, 02:37:08 PM All these things that are happening in the world is the cause of the government and the capitalists in the world. Because they want to control wealth by themselves. There are two business tycoons in my country and both sell cement. One of them was trying to reduce the price so that common poor people can buy and build house but the other guy influenced him to increase the price instead and cement which was sold as $3.69 is sold $10.50 now. So they are purposely doing this to suffer the people.
After the COVID19 things were still going well until the bad leaders took over the mantle of leadership and everything scattered. Companies are not hiring but instead they firing. Really we are in serious recession. Title: Re: Recession soon? Post by: Gormicsta on March 21, 2024, 02:46:56 PM You should also take into account the particular industry you work in. A recession is more likely to affect some industries than others. Certain businesses, such as construction and hospitality, are particularly susceptible to fluctuations in the economy due to their cyclical nature. More stable and less cyclical are industries like healthcare and education. Thus, it's important to think about your industry and assess how vulnerable it is to a recession. Since nothing in this world is permanent, you must be prepared for everything. To avoid going bankrupt, you might also think about beginning a side business or investing your money in case there is ever a recession.
Title: Re: Recession soon? Post by: amishmanish on March 21, 2024, 04:23:55 PM What we are seeing in the world today cannot simply be called an economic recession. There are deep social and geopolitical changes where most of the post 90s international business/ trade etiquette has become obsolete. The growth we have witnessed in the last two decades has been due to two major reasons:
1. Proliferation of tech companies and IT services. 2. An active sociopolitical backing for globalization and cross-cultural teams (ensuring cheaper workforce for western companies, especially tech) Both of these pillars have now outlived their utility. COVID has made companies re-look supply chains while work from home has shown them that maybe they don't actually need all those people. Couple that with the most recent wave of work automation which is being touted as AGI. All of these factors mean that the whole value arbitrage between countries is changing in real time. This is also one of the times when the fundamental strengths of the American economy are again on full display. It stands to gain the most in this value arbitrage. Next in line is China which has done wonders to its capabilities. The countries that are most vulnerable are the populous third world nations that have ridden on the west's need to have more "English-speaking" workers to do hitherto menial back-office work. These countries include India and those in SEA. Both of these groups stand to lose big time, unless they can start relying on their internal markets. In short, we are not in a global recession but there will be a lot of downgrade to life standards in the "dependent third world nations" in the coming time period. I doubt that the US or the developed west has anything to worry about. This whole situation has been intentional and a long time in making to ensure wealth preservation for the Western elite and its playing out beautifully. Title: Re: Recession soon? Post by: Troytech on March 21, 2024, 04:29:04 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. Ha they got replaced by AI or their ceo saw them as an excess expense on the companies budget, about recession I think it's has started long ago and its not from the government but rather technological advancement, the world is moving fast these times and the old ways of doing things are getting abolished and to stay on track or remain winning you need to be at the standard of how things are done. A lot of things could be the reasons why your friends were sacked but it may have nothing to do with recession unless the company is going bankrupt or have a change of business style thar doesn't involve workers, or maybe bad behavior. Title: Re: Recession soon? Post by: Kemarit on March 21, 2024, 11:21:46 PM All these things that are happening in the world is the cause of the government and the capitalists in the world. Because they want to control wealth by themselves. There are two business tycoons in my country and both sell cement. One of them was trying to reduce the price so that common poor people can buy and build house but the other guy influenced him to increase the price instead and cement which was sold as $3.69 is sold $10.50 now. So they are purposely doing this to suffer the people. After the COVID19 things were still going well until the bad leaders took over the mantle of leadership and everything scattered. Companies are not hiring but instead they firing. Really we are in serious recession. We are still feeling the effect of Covid-19 even if the ban or lockdown has been lifted for years already. It's hard to recover from that event, government is still affected and even their is a change of governance already since the pandemic, still they are inheriting the financial issues that was brought to us. Even the biggest economies around the world like China, US and other European countries have problems. And we have heard warnings from financial analyst about the recessions. It's just up to us on how to hedge it, how to survived and then uses our resiliency time and time again. Title: Re: Recession soon? Post by: cryptosize on March 23, 2024, 03:02:42 PM Because now China is rich enough to train their army for Taiwan's invasion. Or none as it's up to their people to do what they think they need to do. No regime is eternal and stable, it only takes a few ingredients and they fall. Then maybe you'll understand why West shouldn't have helped China in the first place, but it will be too late for you (https://rarehistoricalphotos.com/hyperinflation-weimar-republic-1922/) to realize why... ;) Macroeconomics aren't for everyone, I'm afraid. Regarding Taiwan: https://www.bloomberg.com/news/articles/2024-03-20/china-on-track-to-be-ready-for-taiwan-invasion-by-2027-us-says?embedded-checkout=true https://www.businessinsider.com/china-building-military-scale-not-seen-wwii-invade-taiwan-aquilino-2024-3 Russia/Ukraine conflict will be the least of our worries by then... China vs Taiwan will be 100 times worse for the global economy. Expect microchip prices to cost thousands times more due to scarcity. Could be the next bear market/crypto winter (or maybe it could spark hyperinflation to introduce CBDC as a "New Deal"), we'll see. :) Title: Re: Recession soon? Post by: electronicash on March 23, 2024, 07:49:32 PM Because now China is rich enough to train their army for Taiwan's invasion. Or none as it's up to their people to do what they think they need to do. No regime is eternal and stable, it only takes a few ingredients and they fall. Then maybe you'll understand why West shouldn't have helped China in the first place, but it will be too late for you (https://rarehistoricalphotos.com/hyperinflation-weimar-republic-1922/) to realize why... ;) Macroeconomics aren't for everyone, I'm afraid. Regarding Taiwan: https://www.bloomberg.com/news/articles/2024-03-20/china-on-track-to-be-ready-for-taiwan-invasion-by-2027-us-says?embedded-checkout=true https://www.businessinsider.com/china-building-military-scale-not-seen-wwii-invade-taiwan-aquilino-2024-3 Russia/Ukraine conflict will be the least of our worries by then... China vs Taiwan will be 100 times worse for the global economy. Expect microchip prices to cost thousands times more due to scarcity. Could be the next bear market/crypto winter (or maybe it could spark hyperinflation to introduce CBDC as a "New Deal"), we'll see. :) they already have manufactured lots of it in Mexico which TRump threatened to ask huge tariff for it if the Chinese EV producers are planning to sell on US soil. the Chinese were producing them on US soil but they didn't seem to like it so the Chinese moved to Mexico. they do have Tesla though so this is quite a competition off Musk but the price between the Tesla and BYD EV is huge. Tesla is around $80K while BYD cars are less than $30K. so there is a huge difference, it can really compete well and they are saying it works longer than Tesla's battery. Title: Re: Recession soon? Post by: cryptosize on March 23, 2024, 10:13:35 PM Because now China is rich enough to train their army for Taiwan's invasion. Or none as it's up to their people to do what they think they need to do. No regime is eternal and stable, it only takes a few ingredients and they fall. Then maybe you'll understand why West shouldn't have helped China in the first place, but it will be too late for you (https://rarehistoricalphotos.com/hyperinflation-weimar-republic-1922/) to realize why... ;) Macroeconomics aren't for everyone, I'm afraid. Regarding Taiwan: https://www.bloomberg.com/news/articles/2024-03-20/china-on-track-to-be-ready-for-taiwan-invasion-by-2027-us-says?embedded-checkout=true https://www.businessinsider.com/china-building-military-scale-not-seen-wwii-invade-taiwan-aquilino-2024-3 Russia/Ukraine conflict will be the least of our worries by then... China vs Taiwan will be 100 times worse for the global economy. Expect microchip prices to cost thousands times more due to scarcity. Could be the next bear market/crypto winter (or maybe it could spark hyperinflation to introduce CBDC as a "New Deal"), we'll see. :) they already have manufactured lots of it in Mexico which TRump threatened to ask huge tariff for it if the Chinese EV producers are planning to sell on US soil. the Chinese were producing them on US soil but they didn't seem to like it so the Chinese moved to Mexico. they do have Tesla though so this is quite a competition off Musk but the price between the Tesla and BYD EV is huge. Tesla is around $80K while BYD cars are less than $30K. so there is a huge difference, it can really compete well and they are saying it works longer than Tesla's battery. Oh well, if West wants to become poorer so that China can become richer, who am I to argue with them? :) Title: Re: Recession soon? Post by: tyz on March 25, 2024, 06:48:28 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. I think the global economy is going into recession. Major global economies, such as Germany, Japan etc., went into recession this year and the chances are that many other countries will follow suit. The other reason might be that companies are laying off employees because they are looking to cut their expenses and increase profit. They might prefer quality over quantity. With China's economic slowdown and news about the NATO-Russia war (probably a bluff), things can go south in the coming months. Germany is into a recession because of a completely incompetent government with a minister of economic affairs who does not even understand the principles of economic trade. Any country would be in recession with such politicans in charge. Many other European countries like Spain or Italy are growing. Japan is not yet in a recession, too. The US economy is booming. I am wondering why so many people are talking about a recession. There are no sign following the data. Title: Re: Recession soon? Post by: lepbagong on March 26, 2024, 01:08:41 PM I think the global economy is going into recession. Major global economies, such as Germany, Japan etc., went into recession this year and the chances are that many other countries will follow suit. The other reason might be that companies are laying off employees because they are looking to cut their expenses and increase profit. They might prefer quality over quantity. With China's economic slowdown and news about the NATO-Russia war (probably a bluff), things can go south in the coming months. Maybe for developed countries, as some you said, they won't be too affected by the recession if they only want to change quality rather than quantity, with the aim of only wanting to make bigger profits. Because currently they are still accepting workers from developing countries to be employed in their country. Does that mean they just want to change the payment system for their citizens, which may already be high, to new employees from developing countries with cheaper wages? So there is no such thing as a recession, but they want to continue to be able to produce good quality with wages that can possibly be reduced, thereby producing more profits, but many of the citizens are not being accommodated by replacing workers.Title: Re: Recession soon? Post by: WillyAp on March 26, 2024, 02:14:27 PM Germany is into a recession because of a completely incompetent government with a minister of economic affairs who does not even understand the principles of economic trade. Any country would be in recession with such politicans in charge. Many other European countries like Spain or Italy are growing. Japan is not yet in a recession, too. The US economy is booming. I am wondering why so many people are talking about a recession. There are no sign following the data. Germany is in recession due to a narrow minded aging population. You'd be surprised at the narrow mindedness you also find in younger people who are educated by older people. The school systems in the east and west differ. Most are copied from the west and have thus a problem at hand. Title: Re: Recession soon? Post by: tyz on March 26, 2024, 08:21:30 PM Germany is into a recession because of a completely incompetent government with a minister of economic affairs who does not even understand the principles of economic trade. Any country would be in recession with such politicans in charge. Many other European countries like Spain or Italy are growing. Japan is not yet in a recession, too. The US economy is booming. I am wondering why so many people are talking about a recession. There are no sign following the data. Germany is in recession due to a narrow minded aging population. You'd be surprised at the narrow mindedness you also find in younger people who are educated by older people. The school systems in the east and west differ. Most are copied from the west and have thus a problem at hand. Then countries such as Italy, Spain or France should not grow either. But they do. The actual reasons of stagnating economy is due to a completely incompetent economic policy and energy policy that is paralyzing small and medium-sized businesses and causing large companies to relocate and doing investments abroad. Title: Re: Recession soon? Post by: Fortify on March 26, 2024, 09:08:31 PM People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work. While we live in an ever more globalized world, it's worth understanding that recessions can still be localized to certain countries and regions, so it's too blanket a statement to make "Recession soon?" unless you specify where. Besides that, if we go by the definition of two successive quarters of negative growth, then some countries can fall into 0.1% decrease in annual GDP and they would technically be in a recession, but it would not be all that damaging necessarily. It's when we enter a global crisis, such as the pandemic or the financial crisis that things really get bad, but few people can predict such events. You just have to diversify your assets in the hope that you can weather any storm out there. Title: Re: Recession soon? Post by: FanEagle on March 30, 2024, 08:38:44 PM I think the global economy is going into recession. Major global economies, such as Germany, Japan etc., went into recession this year and the chances are that many other countries will follow suit. The other reason might be that companies are laying off employees because they are looking to cut their expenses and increase profit. They might prefer quality over quantity. With China's economic slowdown and news about the NATO-Russia war (probably a bluff), things can go south in the coming months. Maybe for developed countries, as some you said, they won't be too affected by the recession if they only want to change quality rather than quantity, with the aim of only wanting to make bigger profits. Because currently they are still accepting workers from developing countries to be employed in their country. Does that mean they just want to change the payment system for their citizens, which may already be high, to new employees from developing countries with cheaper wages? So there is no such thing as a recession, but they want to continue to be able to produce good quality with wages that can possibly be reduced, thereby producing more profits, but many of the citizens are not being accommodated by replacing workers.I believe that we should be able to live the same life, in fact every person should gradually live better and better unless something major happened in their life, and if you are going worse and worse then that's a problem. This is what we are seeing today, people grow to be poorer, and that's not acceptable, we need to be richer and not poorer and that's why it is such a shame that we think we are fine, just because we may not have debt. Title: Re: Recession soon? Post by: pooya87 on March 31, 2024, 03:23:21 PM Germany is in recession due to a narrow minded aging population. The problem is having a single point of failure.Take the least economically developed countries (LEDCs). Almost all of them have a single point of failure which is having a single-product economy, take that product away and their economy falls apart. Germany (and other EU countries like it) also have a single point of failure which was building a massive industrial economy that relied on importing super cheap energy. Something Russia abused too by the way. Any energy price higher than "super cheap" meant deindustrialization, the higher the price the larger the deindustrialization because such products can not compete internationally with competitors like China that both have access to cheaper energy and super duper cheap working force. This is not narrowmindedness, this is just lack of resources. This not for today either, Europe has been like this for centuries, with countries that were at each others' throats for fighting over resources and later over off continent colonies. The darkest times were 20'th century where their wars poured into the rest of the world and we had European War 1 and European War 2 which are commonly known as WW1 and WW2. Title: Re: Recession soon? Post by: WillyAp on March 31, 2024, 03:40:15 PM This is not narrowmindedness, this is just lack of resources. This not for today either, Europe has been like this for centuries, with countries that were at each others' throats for fighting over resources and later over off continent colonies. The darkest times were 20'th century where their wars poured into the rest of the world and we had European War 1 and European War 2 which are commonly known as WW1 and WW2. Do you speak German? We cater for the German market and about 60% of our clients went crying instead of doing. We sold article places for a Scandinavian company about 1000 e a month worth, now we sell them articles about 500 € a year worth. Your single point is looking only at industrial levels, German are blaming their Government. Most of the guilt is on them. When older you grow more cautious. Now do yo speak German or just judge by articles you read? |
