Author Topic: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)  (Read 3941 times)

Mackin USA

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #60 on: February 27, 2019, 01:25:08 PM »
On the other hand LM:
FCA announced Tuesday that it plans to build a new factory in Detroit. The factory won't be brand-new, but rather will be built on the site of the company's existing Mack Avenue Engine Complex, with the conversion process costing $1.6 billion. The plant is earmarked to build the next-generation Jeep Grand Cherokee and Jeep's long-awaited three-row SUV.

FCA says the factory would also be used to build plug-in hybrid variants, as well as offering the "flexibility" for pure-electric versions of those vehicles down the road. Construction on the plant is intended to begin by the end of the second quarter of this year, with the first three-row SUVs set to roll off the line by the end of 2020 and the next-gen Grand Cherokee arriving in the first half of 2021. The plant conversion is expected to add 3,850 jobs.
Mr. Mackin

rcjordan

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drip, drip, drip...

US consumer spending fell sharp 0.5 percent in December | Miami Herald
https://www.miamiherald.com/news/business/article226972754.html


Toyota, Fiat Chrysler U.S. auto sales fall in February | Reuters
https://www.reuters.com/article/us-auto-sales/toyota-fiat-chrysler-u-s-auto-sales-fall-in-february-idUSKCN1QI4UW
« Last Edit: March 01, 2019, 04:39:04 PM by rcjordan »

Mackin USA

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Retail Apocalypse Is Heating Up in 2019

Major Stores Currently on Deathwatch:

https://beta.finance.yahoo.com/news/retail-apocalypse-heating-2019-major-181546342.html
Mr. Mackin

rcjordan

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"The roll call of closings continued Wednesday, with discount retailer Dollar Tree’s announcement that it would close up to 390 Family Dollar locations this year. As of mid-February, retailers had announced 2,187 store closings in the United States this year, according to Coresight Research."

PDF:
https://coresight.com/wp-content/uploads/2019/02/US-Store-Closures-No-Light-at-the-End-of-the-Tunnel-in-2019-Feb-13-20191-1.pdf

===========

Note shift to offshore
Ocwen planning to lay off more than 2,000 mortgage employees
https://www.housingwire.com/articles/48369-ocwen-planning-to-lay-off-more-than-2000-mortgage-employees

« Last Edit: March 07, 2019, 03:04:24 PM by rcjordan »

rcjordan

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>yes, Germany

ECB Injects More Stimulus as Draghi Reveals Slashed Forecasts - Bloomberg
https://www.bloomberg.com/news/articles/2019-03-07/draghi-slashes-ecb-outlook-as-officials-inject-more-stimulus

rcjordan

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Aaackk!

More than 1,100 store closures were announced in a single day as fallout from the retail apocalypse picks up steam - SFGate

https://www.sfgate.com/technology/businessinsider/article/More-than-1-100-store-closures-were-announced-in-13671313.php

Charlotte Russe, Family Dollar, Abercrombie & Fitch, and Chico's announced more than 1,100 store closings in total over the course of 24 hours this week.
The news comes one week after JCPenney, Gap, Victoria's Secret, and Tesla announced that they would close more than 300 stores.
These announcements bring the total number of planned closures this year to more than 5,300.

More than 5,300 stores are closing in 2019 as the retail apocalypse drags on — here's the full list

https://www.businessinsider.com/stores-closing-in-2019-list-2019-3?utm_source=hearst&utm_medium=referral&utm_content=allverticals



I, Brian

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Another one today: https://www.bbc.co.uk/news/business-47499326

Btw, a check on the DJI over the past 5 days doesn't look good: https://www.google.co.uk/search?site=finance&tbm=fin&q=INDEXDJX:+.DJI#scso=_yNCCXO6IMOedlwTOybj4CA2:0
There was a big drop toward the end of December, enough for news outlets to report a bear market. With no good financial news to report, I figure we'll see that come to pass over this year. The question is, if so, how far with the DJI fall? More importantly - when is the best market opportunity that follows after? :)

rcjordan

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> how far with the DJI fall?

I'm 20-30% cash position right now.  50% in tax-exempt bonds.  Even at that, the equities have been putting the portfolio into wild mood swings.

rcjordan

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US payrolls shock suggests dawn of long forecasted slowdown - Independent.ie
https://www.independent.ie/business/world/us-payrolls-shock-suggests-dawn-of-long-forecasted-slowdown-37896196.html

I'll post this 'cause the last US payroll numbers have been in my feeds with apocalyptic headlines since they came out.  I think they'll be revised upward. If not, we've hit the wall.

littleman

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I think there are some major sinkholes under the foundation that aren't uncovered yet.

We had rounds like this before the 2008 recession.  We all knew that one was coming ahead of time too.  For some reason a lot of investors didn't want to recognize it then either.  Unfortunately, many people I knew sold off near the bottom and lost years of gains. Those folks would have been better off just leaving everything where it was. 

This thing is coming, might as well tighten up before the crash and buy in after the drop -- look at it as an opportunity with your investments.  The worst thing to do is react after it hits hard.

Mackin USA

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"This thing is coming"

TRUE

2020???

3/11/2019
While there's a chance that a US-China trade deal, the Fed's "pause", and a fading of the pressures plaguing Europe might stave off a global recession, Bloomberg economists Dan Hanson and Tom Orlik said the risks appear to be tilted toward the downside. "The risk is that the downward momentum will be self-sustaining."
« Last Edit: March 11, 2019, 06:45:10 PM by Mackin USA »
Mr. Mackin

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Oh it's definitely coming. We are overdue.

Inside - 2020, outside, 2022. IMFO

rcjordan

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