domains Bad Economy

Retail stores are closing thanks to Amazon, not the economy. People have jobs. It's actually getting hard to hire *qualified* people.

Edit: I fully agree with you about governments (local, state, federal). They have all mishandled finances and are ultimately screwed.

Personally, i believe a trade war is looming. Now or later, something has to happen. Yes, I'm all for paying a little more here and there if it means jobs and a better economy for my country.

I think it's all a smokescreen. People are living off credit. Financing cars for 84 months (7 years)! You need $2 million to retire comfortably these days...do you know anybody like that? Automation and globalization means jobs are getting slashed. Have an advanced degree? Well, you might get passed over for cheaper work visa or outsourced expertise. They may even contract out the work out to avoid paying benefits.

College tuitions, rising. Inflation on CPI index going up while salaries are flat. Rising interest rates means more defaults and less borrowing. The stock market is an a.i.-controlled lions den.

The bond market is in an inverted yield curve, which is a reliable recession indicator.

Manufacturing---> Mexico, China, Vietnam. Ford or Volvo may promise to open a plant stateside, but it's only because logistically it is cheaper to make them here than cargo ship. Long-term viability? These plants can open and shut faster than the lid on a pizza box during lunch at a tire shop. Political appeasement is a short-term game.

China has the largest consumer market in the world (larger than the U.S. pop. of 300 million). Companies will rush over there to capture what will undoubtedly be a gold rush in corporate profits. That means investment capital flowing out of the country. U.S. companies making money is a good thing, right? Yes, but corporations are paying less taxes than consumers due to trickle-down theory. Those retained earnings going straight to fat bonuses for the executive suite while the little guy gets a pat on the back.

Rich people are getting richer because their businesses are consolidating and gobbling up everything in sight. See how Amazon treats it's warehouse workers to get an idea of what that means.

If you haven't started saving--do it now.

Hate to burst your bubble...
But the economy does not suck.
Come to Des Moines.
Labor market is the wrong way, too many good paying jobs and not enough people.
And even the people with money shop at Dollar Tree and wally world.
And what factories are closing every week????
When more are being opened up.
Oh, wait, you must watch CNN and MSNBC....

DomainGuy86 said:

If you haven't started saving--do it now.

Click to expand...

https://www.cnbc.com/2019/01/23/most-americans-dont-have-the-savings-to-cover-a-1000-emergency.html

That's the biggest mistake people make- regardless of age. They live beyond their means. Buying or leasing expensive cars for 7 years simply to stroke one's own fragile ego or impress others is stupid. It's pathetic really what the average person has so little savings, they expect the rest of us to pay for medical emergencies of their own doing by using medicaid.

DomainGuy86 said:

Who gets to line their coffers? The tax man, of course. Remember, a lot of state govt's are facing long-term deficits and they need to shore up their budgets if they want to pay for anything. The feds are busy with a trade war, trillions worth of debt, and maintaining the global order.

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No doubt taxes and deficit spending is out of control, they are increasing everywhere not just the US.

If entire U.S. counties filing for bankruptcy, Boeing fast-tracking an unsafe plane to market because Airbus out-innovated them, $20 trillion dollars of debt, flagship auto manufacturer GM and the banks getting bailed out to the tune of many hundreds of billions of dollars does not concern you or act as a bellwether.....I don't know what will.

Selling $500 billion worth of arms to questionable partners and opening up offshore areas and national parks to fracking and drilling.

You think NASA retired the shuttle program because it was obsolete? It cost too much. Now they want business to open up cheaper alternatives. This whole 'moonshot to Mars' thing could be a concerted effort to bankrupt the U.S. like we did the Soviets during the cold war.

Then look at the leaders. Some of these guys and gals I wouldn't trust to run a popsicle stand and only got in because of cronyism.

Look at China....their entire auto market is in the dumps....
Not many vehicles being sold....
Why so many auto companies are either leaving China or not going into China.

Now the bailouts of the auto companies, banks, etal?
Actually as of now?
The government got back all that money, some 600+ billions of dollars, in loan payments and dividends to the tune of 700+ billions.
So not worried about that and neither is anyone else.

And opening up areas to drilling and fracking? Created thousands of good paying jobs and hey, who has more damn oil than anyone else?
So that is a GOOD positive thing for the USA.
Unless you are one of those anti-oil people?

I see good stuff when private companies start space exploration....
NASA should just oversee the private companies.
Hey, did NASA put a sports car into space?

I think an economic downturn is inevitable, the question is how bad is it going to be.

Of course pure speculation but I think the US will have a recession similar to the last one and it will begin in the second quarter of 2020. Although this recession may involve several countries due to trade and the lack of.

.X. said:

think the US will have a recession similar to the last one and it will begin in the second quarter of 2020. Although this recession may involve several countries due to trade and the lack of.

Click to expand...

Seems prediction is very true.

Stocks were on a three day bull run.

Must be the US