Author Topic: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)  (Read 31703 times)

rcjordan

  • I'm consulting the authorities on the subject
  • Global Moderator
  • Hero Member
  • *****
  • Posts: 8659
  • Debbie says...
    • View Profile

ergophobe

  • Inner Core
  • Hero Member
  • *
  • Posts: 5131
    • View Profile
Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #226 on: November 13, 2019, 06:01:59 PM »
Interesting.

Quote
"The CNN Fear & Greed Index registered 'extreme fear' (<25 on a scale from 0-100) in August but is now in 'extreme greed' (91), indicating we may have gone too far too fast."

 :o

One of the signals I always use is a friend who is a piano tuner. His clients seem to put off tunings when they are worried. He kept telling that there was "no work." Yesterday he told me tunings have picked up again and he's doing better.

ergophobe

  • Inner Core
  • Hero Member
  • *
  • Posts: 5131
    • View Profile
Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #227 on: November 13, 2019, 06:03:36 PM »
Actually, the Fear and Greed Index commonly makes massive moves
https://money.cnn.com/data/fear-and-greed/

Drastic

  • Need a bigger hammer...
  • Global Moderator
  • Hero Member
  • *****
  • Posts: 2640
  • Resident Redneck
    • View Profile
Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #228 on: November 22, 2019, 01:11:42 PM »
https://www.msn.com/en-us/money/markets/personal-loans-are-growing-like-a-weed-a-potential-warning-sign-for-the-us-economy/ar-BBX7SW0

Also, I've had a prospective startup client contact us for marketing for "installment loans" which seems to be a very high interest (well into double digits) loan structured in a way to be legal with current regs. Reading up on it, seems very nasty.


ergophobe

  • Inner Core
  • Hero Member
  • *
  • Posts: 5131
    • View Profile
Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #230 on: November 25, 2019, 02:56:32 AM »
That is the problem... everyone has a job, often two or three. But they are scared they won't make rent, scared they will get laid off, scared they will need to go to the doctor and fail to show up for work on an on-call day and lose their job.

Scheduling security and overtime threshold are two big frontiers for the American labor movement in the coming years. Just-in-time scheduling is one of the biggest complaints people have, more so even than wages.


littleman

  • Administrator
  • Hero Member
  • *****
  • Posts: 4652
    • View Profile
Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #232 on: November 29, 2019, 01:50:33 AM »
Trucking is an early indicator.

Quote
America's $800 billion trucking industry has been in a recession since the beginning of 2019.

That downturn is now affecting truck manufacturers and the people who work at them.

Cummins, a manufacturer of heavy equipment based in Columbus, Indiana, told its employees last week that it would lay off about 2,000 workers worldwide. Cummins' 2018 revenue totaled $23.8 billion.

https://www.businessinsider.com/cummins-confirms-2000-layoffs-at-truck-engine-manufacturer-trucking-downturn-2019-11

Quote
The data backs up Boblett's claim, particularly when it comes to new orders of big rigs. According to the most recent data from FTR Transportation Intelligence, October orders of heavy-duty trucks were down by 51% from last year. October is typically the hottest month for new truck orders, and this October's orders hit a three-year low, the weakest since 2016.