Are we heading towards Recession?

[ubercool]

If you look at the global market, there are lots of red flags which pointing towards a recession. Big corporates laying off lots of people and economy of big countries have other or no growth.

[carlzec]

Bitcoin price mobility is exhausting me. A slightly stable market would be good. I think it's an opportunity for solid projects to get through the bitcoin. Bitcoin dominance needs to drop a bit. We should use all dollars to buy bitcoins.

[NathanJB]

Are we heading towards recession like 2008 wherein people have cut down their spendings and companies are laying off their employees, we can see cost-cutting everywhere, is it really a recession or just the panic about an uncertain future which is creating a gloomy atmosphere everywhere?

Where does this question come from? Is this some feeling within your country? From my end, I am not feeling that a recession will be coming soon, at least not a worldwide one. The atmosphere is pretty much the same.

I wonder, would recession still be a constant in our economy if we are already using Bitcoin?

Nothing will change even we use Bitcoin. The economic growth of a certain place or in a country will be the reason why many companies will struggle to lay off their employees. I believe that not all are suffering this one, it was just an isolated case cause there is no such thing happening in our place. And I hope it won't.

So I guess there is really no recession coming, at least not a global one like the one that happened in 2008.

By the way, I would like to believe that the fast depreciation of the value of our currency will not be happening if the currency that we are using is not fiat but Bitcoin. The fact that fiat is unlimited and shady in terms of how much is being created is something that causes its value to erode even faster.

[HarmonyA]

As of late, the yield bend uninverted. Many are thinking about what this implies as far as a downturn. Be that as it may, to truly assess whether the following downturn is seemingly within easy reach.
Taking a gander at the pattern in year-on-year work development, we are as of now underneath the level that flagged the beginning of the 1990 downturn. So there is hazard.
The year-on-year change in purchaser certainty has dropped from 28.8 in March 2017 to – 12 in October 2019.
in the event that present patterns proceed—we are set out toward recessionary conditions at some point toward the center of year 2020.

[Lynfax]

Bitcoin price mobility is exhausting me. A slightly stable market would be good. I think it's an opportunity for solid projects to get through the bitcoin. Bitcoin dominance needs to drop a bit. We should use all dollars to buy bitcoins.

Your statements have almost nothing to do with US's recession really, because Bitcoin is not having that much of impact on economy yet.
Anyway, stable market is a matter of time, not effort of bitcoin users.

[TitanGEL]

Are we heading towards recession like 2008 wherein people have cut down their spendings and companies are laying off their employees, we can see cost-cutting everywhere, is it really a recession or just the panic about an uncertain future which is creating a gloomy atmosphere everywhere?

Where does this question come from? Is this some feeling within your country? From my end, I am not feeling that a recession will be coming soon, at least not a worldwide one. The atmosphere is pretty much the same.

I wonder, would recession still be a constant in our economy if we are already using Bitcoin?

Nothing will change even we use Bitcoin. The economic growth of a certain place or in a country will be the reason why many companies will struggle to lay off their employees. I believe that not all are suffering this one, it was just an isolated case cause there is no such thing happening in our place. And I hope it won't.

So I guess there is really no recession coming, at least not a global one like the one that happened in 2008.

By the way, I would like to believe that the fast depreciation of the value of our currency will not be happening if the currency that we are using is not fiat but Bitcoin. The fact that fiat is unlimited and shady in terms of how much is being created is something that causes its value to erode even faster.

I don't agree with you, recession will happen it is now near. There are now articles saying that there will be a market crashed that will happen because there is a issue that dollar is a bubble. It is the reason why there are now investors who diverisfying their investment in both gold and bitcoin because they think that it is safe heaven that can preserve and protect their wealth.

[vicoma]

This is the first time in about five years that I will come across this discussion about recession which is an indicator that it is not even close. Recession don't just occur like that without hitting headlines news repeatedly for months.

[Averim]

Are we heading towards recession like 2008 wherein people have cut down their spendings and companies are laying off their employees, we can see cost-cutting everywhere, is it really a recession or just the panic about an uncertain future which is creating a gloomy atmosphere everywhere?

If we had any doubt about it, not chances are high for a recession considering all the trouble in China, gigantic developers like toyota stopped the production for missing parts caused by the COVID. Recession is coming.

[fiulpro]

Yes I do think that we are all moving towards the recession , but not just small one but actually a big one which is gonna be disastrous for everyone.
All the politicians who thinks that they can save their country by making walls and putting people in shelter are very much wrong .
Now the Corona Virus epidemic is creating a problem in China too , market is down and the debt is increasing.
This is all a recipe for recession.
Its all going to go down .

[Kasabus]

Are we heading towards recession like 2008 wherein people have cut down their spendings and companies are laying off their employees, we can see cost-cutting everywhere, is it really a recession or just the panic about an uncertain future which is creating a gloomy atmosphere everywhere?

If we had any doubt about it, not chances are high for a recession considering all the trouble in China, gigantic developers like toyota stopped the production for missing parts caused by the COVID. Recession is coming.

I can say that recession is coming near because all that are happening now are obviously the signs of recession. This should not bring us negative thoughts when it comes to bitcoin because if we will still be able to manage our finances properly and grab the market by buying all those cheap but potential coins, then we will still make profits at the end of the day. Recession is nothing if we know how to handle it.

[Jeremy Franklin]

Are we heading towards recession like 2008 wherein people have cut down their spendings and companies are laying off their employees, we can see cost-cutting everywhere, is it really a recession or just the panic about an uncertain future which is creating a gloomy atmosphere everywhere?

With the coronavirus spreading around, in my opionion there is a really high chance for a world wide recession coming up. Stock markets already got a huge shaken out yesterday when everything plumed down more than 4%. It all depends on how fast the world can get control of the new virus and how much it will have impact on the industries.

[spike420211]

It is funny to observe how the forum participants think in this topic, because it was created back in December 2019, the main question was whether we are in a state of recession.
Many opinions were divided. But turning back we can say that most of the participants were mistaken.
Looking from the current moment, we see that this was not a recession, but an upward trend that continues now.

In fact, the same question can be applied to the current period, when will the recession begin?
Because many people think that the current growth cannot last too long, others, on the contrary, say that growth has not even begun.

[bitbunnny]

Recession appear in periods, almost regulary. For a while different kind of economic and financial experts are predicting that we are very close to recession, that is the question of time when it will start.
However, for now there are no some special signs and I don't think that recent Bitcoin price drop could be connected with recession. Although if the situation with corona virus gets more serious that might affect world economy and speed up recession that might come earlier and stronger then we expected.

[South Park]

Looking from the current moment, we see that this was not a recession, but an upward trend that continues now.

In fact, the same question can be applied to the current period, when will the recession begin?
Because many people think that the current growth cannot last too long, others, on the contrary, say that growth has not even begun.

The stock market has been going up for years now, so it is fair to think that a recession could be close to us and with the coronavirus creating panic around the world it may seem as if a recession could happen during this year, however a recession is to be expected from time to time so that should not really be a big problem, but as we know the economies of the world are not on the best shape and if the reaction governments have towards an upcoming recession is mistaken they could end up making it worse than it should be and that is a real possibility taking into account the limited amount of options they have at their disposal.

[Shasha80]

It has to be in most countries, it is a crisis right now. Even in my country some of it is true the company has reduced its employees.
And some companies are going bankrupt, this year, mine is back to where it was 2008. Hopefully we can all rise from this downturn,
because this year we have cryptocurrency that can be the solution. Moreover, I'm still optimistic that reducing bitcoin can make the
price of bitcoin can rise to $ 12k. So now it's time for me collect as much bitcoin as we can.

[saifoufa]

It has to be in most countries, it is a crisis right now. Even in my country some of it is true the company has reduced its employees.
And some companies are going bankrupt, this year, mine is back to where it was 2008. Hopefully we can all rise from this downturn,
because this year we have cryptocurrency that can be the solution. Moreover, I'm still optimistic that reducing bitcoin can make the
price of bitcoin can rise to $ 12k. So now it's time for me collect as much bitcoin as we can.

Pretty agreed. I'm quite sure that those who will invest in crypto (or other young industries) will end up being wealthy even after recession kicks in

[FanatMonet]

It has to be in most countries, it is a crisis right now. Even in my country some of it is true the company has reduced its employees.
And some companies are going bankrupt, this year, mine is back to where it was 2008. Hopefully we can all rise from this downturn,
because this year we have cryptocurrency that can be the solution. Moreover, I'm still optimistic that reducing bitcoin can make the
price of bitcoin can rise to $ 12k. So now it's time for me collect as much bitcoin as we can.

In my opinion, if everything really goes to a recession, then cryptocurrencies will not be able to prevent this, I think that in the case of a recession, they also expect a decline, as the situation with OPEC + showed, where bitcoin fell along with the rest.

[abhiseshakana]

In my opinion, if everything really goes to a recession, then cryptocurrencies will not be able to prevent this, I think that in the case of a recession, they also expect a decline, as the situation with OPEC + showed, where bitcoin fell along with the rest.

In my opinion, the corona will cause the effects of pinball and collateral damage to the economy of almost all countries in the world, especially countries that have contracted corona outbreaks.

The corona effect, which has become a global epidemic, causes a reduction and cessation of a country's economic activities because it attacks the subjects of economic agents. In the midst of social distancing, making people reduce their daily activities. So that it gives an impact on the demand side (demand) consumption and the impact of availability, due to a reduction in production activities. A decline in the performance of trade in goods and a decline in foreign tourism, which has the potential to encourage an increase in the current account deficit

The worst conditions will be experienced by a country that is very dependent on imports for domestic consumption. Aside from the wheels of industry and services being forced to close, global supply chains from exporting countries were also disrupted.

Many international institutions have made scenarios of weakening global economic growth because of Covid-19. scenarios are made based on the duration of the Corona pandemic coupled with several aspects such as international trade, falling global asking prices for flights, availability of staples and health, to termination of employment (layoffs), as well as a lockdown. Many predict that by 2020 economic growth is 2.5% down.

Capital flows also contracted with a decline in investor risk appetite, prompting a shift in investment in safe-haven instruments. The fiscal sector also experienced a decline due to incentives and easing. In addition to the uncertain conditions, many people will hold their money for consumption.

If a country succeeds in dealing with corona, namely by holding back the spread of the virus, the possibility of economic recovery will be faster. In these conditions, cryptocurrency will not help much because crypto will not be able to complete the corona epidemic.

[Initscri]

It honestly just depends on how this whole COVID-19 thing plays out.

Part of me doesn't believe we are. As once this all is over, I wouldn't be surprised if people's wallets spring back out once they are receiving a consistent pay cheque again.

[rambogoham1]

Are we heading towards recession like 2008 wherein people have cut down their spendings and companies are laying off their employees, we can see cost-cutting everywhere, is it really a recession or just the panic about an uncertain future which is creating a gloomy atmosphere everywhere?

Definitely for people in the United States it will be a recession. North Dakota and Texas won't have oil jobs anymore with how low the price is now. Unemployment insurance filings have got up 200-1000% within the last week for some states from the lock down. Their is a 2 trillion dollar stimulus package but I'm not entirely sure how that will help for the most part. Involves giving everyone around 1,200 USD and 500 USD a child.