Recession soon?

[WillyAp]

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.

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[cryptosize]

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 now China is rich enough to train their army for Taiwan's invasion.

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?

[Webetcoins]

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.

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.

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.

[jasonjm]

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.

[slapper]

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.

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.

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.

No one voluntarily chooses bankruptcy express. Redundancy? It's better than nothing, but it's not a panacea. This provides momentary alleviation but does not fix the problem. Recessions mean companies cutting staff to survive, right?

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

[WillyAp]

Because now China is rich enough to train their army for Taiwan's invasion.

No need to continue, according to your logic the only country which deserves to produce riches is yours?
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.

[Mate2237]

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.

[Gormicsta]

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.

[amishmanish]

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.

[Troytech]

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.

[Kemarit]

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.

[cryptosize]

Because now China is rich enough to train their army for Taiwan's invasion.

No need to continue, according to your logic the only country which deserves to produce riches is yours?
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.

Just wait until China starts mass-manufacturing electric vehicles and then see what will happen to your beloved Germany and the €uro. Internal combustion engines will be penalized heavily (this will bolster China's economy), EURO 6 already imposes some insane demands.

Then maybe you'll understand why West shouldn't have helped China in the first place, but it will be too late for you 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.

[electronicash]

Because now China is rich enough to train their army for Taiwan's invasion.

No need to continue, according to your logic the only country which deserves to produce riches is yours?
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.

Just wait until China starts mass-manufacturing electric vehicles and then see what will happen to your beloved Germany and the €uro. Internal combustion engines will be penalized heavily (this will bolster China's economy), EURO 6 already imposes some insane demands.

Then maybe you'll understand why West shouldn't have helped China in the first place, but it will be too late for you 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.

[cryptosize]

Because now China is rich enough to train their army for Taiwan's invasion.

No need to continue, according to your logic the only country which deserves to produce riches is yours?
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.

Just wait until China starts mass-manufacturing electric vehicles and then see what will happen to your beloved Germany and the €uro. Internal combustion engines will be penalized heavily (this will bolster China's economy), EURO 6 already imposes some insane demands.

Then maybe you'll understand why West shouldn't have helped China in the first place, but it will be too late for you 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.

https://electrek.co/2024/03/23/big-auto-is-begging-governments-to-let-them-go-bankrupt-as-chinese-evs-loom/

Oh well, if West wants to become poorer so that China can become richer, who am I to argue with them?

[tyz]

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.

[lepbagong]

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.

[WillyAp]

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.  

[tyz]

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.

[Fortify]

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.

[FanEagle]

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.

Just having a worse life and still having a life is not a solution. If you end up living a worse life but having no financial trouble when you live that way, saying that "I am doing fine since I have no debt" is not enough, yeah you do not have debt, because you managed to live much poor life style, that's why it is not acceptable.

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.