Author Topic: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)  (Read 9937 times)

littleman

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #165 on: August 15, 2019, 01:53:20 PM »
What did you commit to Dras?

rcjordan

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #166 on: August 15, 2019, 01:59:03 PM »
> largest financial commitment

Bank some money and wait for contractor prices to go down while they're scrounging for work.  I saved >$7k on a commercial-grade bulkhead installation at the peak of the last recession.  The contractor was dealing near cost just to keep his crews employed.

ergophobe

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #167 on: August 15, 2019, 06:21:48 PM »
Rising wages

Yes. If we can just hold onto this economy a bit longer, we'll see some significant wage increases. Right now in the US, some big pain points I see are caused by labor shortages. The shuttle system in Yosemite is a mess because they can't find drivers. If the economy holds up for another 9 months, I *hope* we'll see significant wage incentives to get drivers to take that job.

What's interesting in the US is the level of anxiety, which is so out of step with the traditional metrics. I think it basically boils down to many forms of insecurity - job insecurity, scheduling insecurity, benefits insecurity and so on that has people on edge in a way that is atypical for these levels of unemployment.

Mackin USA

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #168 on: August 16, 2019, 12:54:51 PM »
When the unemployment rate gets LOW employers begin to hire the unemployable.
Mr. Mackin

Mackin USA

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #169 on: August 17, 2019, 10:37:40 AM »
Oil Price Fundamental Daily Forecast –Slight Rise Indicates Traders Downplaying Recession Concerns

https://beta.finance.yahoo.com/news/oil-price-fundamental-daily-forecast-084032914.html
Mr. Mackin

littleman

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Re: Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)
« Reply #170 on: August 17, 2019, 06:42:39 PM »
Quote
Early in the week, the markets were underpinned by optimism over potential production cuts by OPEC. Today, it’s better than expected U.S. retail sales data supporting prices. On Thursday, the U.S. reported that retail sales rose 0.7% in July as consumers bought a range of goods

Betting on the blissful ignorance of the average American consumer to fuel the economy can only work so long.