Are we heading towards Recession?

[Wysi]

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?

[1715384640]

1715384640

[1Referee]

I haven't seen common joes talk about a looming recession this much before. Probably a sign that we're not even remotely close to a recession.

During previous recessions people were in denial, just like how the mainstream media was in denial. This time it's completely different (the opposite), which I am actually happy with because I don't want to see recession take place. Recession isn't good for Bitcoin so please stop dreaming about that. It's not a safe haven asset and probably won't be for a long time.

If people want to see Bitcoin do well, we need to have the largest economies in the world do well. The more confidence there is the more speculative capital will enter Bitcoin's market.

[Hydrogen]

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?

Opposition demographics to Donald J. Trump need a recession to convince the public his tax cut based economic growth policies are failing. They need a recession to bolster their own candidates and incentivize removing him from office. That is why the opposition supporting media bombards the public with the same "recession is coming" fake-it-till-you-make-it propaganda slogans which comprise their standard modus operandi.

There were many investors, traders and hedge fund managers who got burned fading US markets in 2019, due to them falling for "recession is coming" fake news. The same with those who faded Elon Musk/Tesla/SpaceX due to the opposition media publishing hate stories against all 3 ever since it was learned that Elon Musk is a big donor to the republican party -- Trump's party.

A recession could be inevitable due to banks failing and needing to be bailed out. And the federal reserve seeking to implement nonsensical "anti economy overheating" policies which carry a high potential to trigger recession. Central banks and the media have conspired to trigger recession and economic downturn in the united states to suit their own political narratives.

[stompix]

During previous recessions people were in denial, just like how the mainstream media was in denial. This time it's completely different (the opposite), which I am actually happy with because I don't want to see recession take place. Recession isn't good for Bitcoin so please stop dreaming about that. It's not a safe haven asset and probably won't be for a long time.

Poor Roubini, he has cried wolf for a decade and now he starts turning optimistic after so many failed predictions of the new bigger and better recession.
Really getting tired of those stories, next week we're going to have a recession, next month, it's going to be next year for sure, probably in 2100 we will have one...even zerohedge is almost capitulating, they are grasping at straws right now.


But yeah, those who think a recession is good for bitcoin should really think about it.
I'm pretty sure that somebody who loses his job and his savings and is struggling to pay his mortgage will certainly buy bitcoin!

[tinyteapot]

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?

I do not see any recession in my own country and we have much economic boom at the moment.
There is no worldwide recession like 2008, which country are you trying to talk about as a case study ?

[Mometaskers]

This seems to in everyone's mouths since the 2nd-erd quarter of this year. Still hard to predict if there's one coming but many people are pointing out to some signs. Just best to prepare for it, us regular folks can't easily predict one.

During previous recessions people were in denial, just like how the mainstream media was in denial. This time it's completely different (the opposite), which I am actually happy with because I don't want to see recession take place. Recession isn't good for Bitcoin so please stop dreaming about that. It's not a safe haven asset and probably won't be for a long time.

It's good if it will allow you to buy more bitcoins. At the very least, most real world assets would be cheaper to buy so as long as you managed your money properly, you can profit off a recession or rather once the economy picks up again.

[fabiola!]

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?

there are signs of recession we can see that gold price are raising , central banks cutting interest rates , i have see many company layoff workers  too   

well apart from this surprise is many stock market index are at all time high it is bit weird , if stock market crashes then recession hits

[figmentofmyass]

I haven't seen common joes talk about a looming recession this much before. Probably a sign that we're not even remotely close to a recession.

the stock market looks more like 1998 than 2008 to me. we're at the "everybody is a top caller" stage. we could go on like this wrecking shorts for 2 years before the market starts faltering. and like you said, everyone is expecting the worst right now, which means bears still need to get squeezed.

the USA economy outperformed expectations in q3, and q4 is looking even better. https://www.reuters.com/article/us-usa-economy/us-economy-picks-up-in-third-quarter-data-surprise-on-the-upside-idUSKBN1Y11LI

[alyssa85]

You need a shock to the system to cause a recession.

Past recessions were caused by oil prices rising in the 1970's as OPEC suddenly jacked up prices, by Paul Volcker raising interest rates to 20% to wring inflation out of the system, lots of people losing money in the dot com boom, 9/11 caused a mild recession, and finally the sub-prime crisis where liquidity drained from the financial system and banks wouldn't lend to each other.

I'm not seeing any huge shock building now. Just normal stuff where badly run businesses fold and new businesses start up. It's not fun for the businesses that go bust of course, but it's not a shock to the economy either, it's just normal capitalist stuff.

[aardvark15]

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?

A recession is long overdue. It’s going to happen eventually. It would not surprise me if next year the US stock market goes into a recession and bear market. However this may not be bad for Bitcoin. People tend to invest more in gold during a recession so maybe the same is true for Bitcoin.

[audaciousbeing]

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?

While the factors you are mentioning are relevant but I think the blowing out of proportion by the media is giving a lot of credence that the economy is in great turmoil and if care is not taken, people would willingly push the economy into recession themselves. Its not today that companies have started laying people off, its also not today that people have began to cultivate the culture of savings which are practically a form of life that people should just lead. So, there is no point in further aggravating the matter. If it eventually comes, we will navigate and come out strong.

[Broly46]

Recession is horrible, I don’t think anyone could tell it’s coming until it’s too late, the last recession caught everyone by surprise and hit extremely hard, because nobody believe that, we’re in complete denial. Since everything is working well now, you can have your doubt, despite the market are having very good bullrun, and bitcoin is doing well too, it has recovered from all time low, I don’t think we are heading to recession atm.

[Wysi]

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?

A recession is long overdue. It’s going to happen eventually. It would not surprise me if next year the US stock market goes into a recession and bear market. However this may not be bad for Bitcoin. People tend to invest more in gold during a recession so maybe the same is true for Bitcoin.

Yes last time when we witnessed recession we didn't have any other option than gold but now we have crypto currency (bitcoin) and if we really go through recession then bitcoin will be choice for people to park their investment as recession just break havocs. If we look around there are wars and poverty everywhere which is a sign of recession.

[electronicash]

You need a shock to the system to cause a recession.

Past recessions were caused by oil prices rising in the 1970's as OPEC suddenly jacked up prices, by Paul Volcker raising interest rates to 20% to wring inflation out of the system, lots of people losing money in the dot com boom, 9/11 caused a mild recession, and finally the sub-prime crisis where liquidity drained from the financial system and banks wouldn't lend to each other.

I'm not seeing any huge shock building now. Just normal stuff where badly run businesses fold and new businesses start up. It's not fun for the businesses that go bust of course, but it's not a shock to the economy either, it's just normal capitalist stuff.

just the cycle they say but it could have prevented to happen at least for a long time.

its not fun to see it happen, you wouldn't want your relatives from far distant visiting you for good for they lose their house. its real estate that trigger the last 2008 as far as i know. hopefully it wont happen again, people becoming homeless is not good to see.  when US experience recession, everybody suffers so its not good at least now they could prepare.

[vintages]

I think we are just panicking on something that is not going to happen.
Nowadays, many people are dreaming of it even when there is no sign that it will take place. Since August à lot of forecast said it will happen yet we are in December and nothing yet.
We are moving to 2020 and this forecast still persists. Let's get it over with and work towards a brighter economy.

[rdluffy]

I've been studying this subject for some time

The money in the world is very abundant right now, there are tons of money, tons of companies only surviving because of the hype (Uber, Tesla etc) and in a future, I don't know exactly when, the math will not be right, and then the companies will start to have some really hard times, and you know it's a snowball, now the world is all connected, and in a few days we can have serious crisis, hitting almost any person in the world
And this will be the end of an cycle

If we prepare ourselves for hard times, we can pass though and be stronger

[dothebeats]

The more times laymen mention that we're in a recession, most probably we're not. Even though economists and social scientists created models that help us better understand the scenario, or at least predicted what's really going to happen in the next fewyears, it's still hard to buy it considering the fact that the symptoms aren't occurring yet and people are still having the time of their lives in terms of purchasing power and whatnot.

What we are in right now is in a state of anxiety due to what's happening in geopolitics and not necessarily recession IMO.

[yulionoo]

yes I think at this time we are indeed heading for a global recession. some time ago I read the news that some economists say the current state of the world economy is slowing and heading for recession. and experts say that the global recession was caused by a trade war between the United States and China. which has an impact on other countries. so that most countries in the world are currently experiencing an economic slowdown. I live in a third country I also feel economic growth in my country is also slowing.

[justdimin]

Recession like 2008 will probably not happen anytime soon, we didn't know that would happen beforehand neither but that was a huge bubble bursting in the trillions of dollars and it was "saved" by printing out 800 billion dollars which is probably not what could potentially happen right now.

Certainly, we are going to a period where money wealth gap is so big that rich people can't make as much profit from the poor since poor don't have any money left which hurts the rich since they need to keep profiting more and more which they can't, and poor are so poor that homelessness and unemployment and many other stuff are on the rise like hell. So, we are in a situation where rich don't want to give money to poor (taxes) but also they can't get any richer neither, poor can't get any help and they can't go any more poor which equals to starvation, nobody knows what will happen but its a whole systems fault and not a recession.

[makishart]

even if we head to recession what can we do? people just got affected by the atmosphere created by the media about the upcoming yet nonexistent recession and to be affected like that is normal people always learn from the past but the recession is still far away in my opinion and if there's safe haven it will be a food stock and not bitcoin and not dollar. i also prepare for any monetary crisis or recession by not spending to much, atleast that's what i can do.