Possible Recession Coming

patriceinil
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Possible Recession Coming

Unread post by patriceinil » Wed Aug 14, 2019 1:22 pm

https://www.cnn.com/2019/08/14/investin ... index.html

I heard several local news stations saying we are headed into a recession

Rhodie Ranch
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Re: Possible Recession Coming

Unread post by Rhodie Ranch » Wed Aug 14, 2019 1:36 pm

maybe and thats a big maybe, after 2020. Maybe.

Rhodie Ranch
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Re: Possible Recession Coming

Unread post by Rhodie Ranch » Wed Aug 14, 2019 2:20 pm

https://www.cnbc.com/2019/08/14/consume ... onomy.html

cash reserves are warranted right now and for the next three years or so.

my DD is refinancing even tho they just bought their first home in March. There is now a 120 day delay in processing the paperwork since millions of dollars and hundreds of thousand of homeowners are trying to refi last and this week.

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Farmfresh
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Re: Possible Recession Coming

Unread post by Farmfresh » Wed Aug 14, 2019 2:34 pm

I think a HUGE amount depends again on the elections. If we get in a bunch of Democrats who want socialism... our goose is cooked.
Matthew 19:26 Jesus looked at them and said, "With man this is impossible, but with God all things are possible."
"Stop Dreaming About the Good Life and Start Living IT !"
Every little bit ... is a little bit.

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Old Fashioned
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Re: Possible Recession Coming

Unread post by Old Fashioned » Wed Aug 14, 2019 11:59 pm

I'm thinking our goose is going to be cooked anyway and have been thinking that way for some time now and I don't think politics matter as much.

Recessions & 'high times' (ebb & flow) happen in cycles. So another recession is bound to happen, no doubt about it.....the question is when and how bad. I always figure the pendulum swings just as far 'down' as it did 'up'...….so for the last few years things (jobs, prices, real estate, etc) have been skyrocketing upward, and it's bound to fall in a similar fashion.

Hang onto your hats ladies....it's going to be a bumpy ride.

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