The next recession

a reply to: luthier

I do not deny that debts corporate, public, and personal are an issue. A serious one that has been ignored for a long time.

But the current environment is offering a lot of opportunities to reduce or eliminate debt and start building capital.

It's not all doom and gloom and it isn't helpful to look at everything through those lens.

I like to gamble and I like to play the stk mkt. This time the odds just aren't in anyone's favor, so I'm out except for a few choice 420s. They didn't even try and fix the 08 bubble.


www.marketwatch.com...

originally posted by: projectvxn
a reply to: luthier

I do not deny that debts corporate, public, and personal are an issue. A serious one that has been ignored for a long time.

But the current environment is offering a lot of opportunities to reduce or eliminate debt and start building capital.

It's not all doom and gloom and it isn't helpful to look at everything through those lens.

I don't think you really understand the economy is a facade of debt. The consumers are using credit to boom the economy and so is the business world. Regulations are loosening to free up more credit.


They basically have set the timer.

Of you invest in the market you can't be asleep at wheel and not understand what is driving the economy and have a good sense of whewherwhewhere it is going.

If you're ALWAYS prepared it is much easier to weather a storm. If possible, stock up on basic non-perishable food items. An extra $10 a week can buy enough food for several days. As in beans, rice, canned meats etc. Pay ahead your electric bill by $30 - $50 each month. (It really helps when the holidays come around and you can skip a whole utility payment if desired and focus your money on other things.) Be ready to go without satellite t.v. and the latest techno gadget. If you have a mortgage, pay an extra $100 - $200/month. This increases the amount of equity you have in your home and you can take several years off your mortgage by doing this. Take good care of your vehicle. Get a bicycle and a helmet, cheap, check out Craigslist. Keep yourself healthy so you don't need medication and you can take care of yourself without assistance of any sort. If you can get out of the cities, do so. I will say overall, people who live in rural areas will deal more easily with recessions than inner city cohorts.

Oh, get a puppy or kitten. They will love you unconditionally no matter how poor you are.


These techniques can buffer you against all kinds of rough times.

originally posted by: danbuter
If the Fed hadn't been buying stock like mad the last 11 years, we'd be in a depression already. The stock market is propped up on pipe dreams. New construction is stagnant, retail stores are closing in record numbers, and an insane amount of people are unemployed.

The only reason that the unemployment numbers posted by the government look good is that they don't count anyone who has been unemployed for something like six months. Also, the baby boomers are retiring or dying, so their positions are just being closed, which is a roundabout way of dropping unemployment.

got any stats to back your theories up? If its so prevalent should be easy to find

Back in '85 when talking to an old acquaintance he told me every 10-15 years a recession will hit, and so far he's been right. Some experts say that the last one was actually a depression

get rid of debt, get your bills manageable so if you only made half of what you do now, you could still survive, and stop buying anything on credit, ever. Some have to finance a car and house, but be sure both are very affordable. If you do that, and have a marketable skill, you will not have to worry as much about doom porn such as this.

Credit makes the banks money, and costs you money. it's completely ignorant unless you just have to have cool stuff. then it's completely acceptable.

originally posted by: network dude
get rid of debt, get your bills manageable so if you only made half of what you do now, you could still survive, and stop buying anything on credit, ever. Some have to finance a car and house, but be sure both are very affordable. If you do that, and have a marketable skill, you will not have to worry as much about doom porn such as this.

Credit makes the banks money, and costs you money. it's completely ignorant unless you just have to have cool stuff. then it's completely acceptable.

Problem is then we don't have a booming economy on paper for political points. After the recession it seems they hooked a leaf blower up to the printing press. Now they don't know what to do or how to turn it off without breaking the system.

originally posted by: JAGStorm

Sucks to be Illinois or New Jersey. Sorry guys your state is being run by idiots! Both of these states have known what to do for decades and choose ignorance! Sorry for all the good people that live there and have to suffer, including many of my friends and relatives!

I can't speak for Illinois. But I can speak for New Jersey! First of all New Jersey sucking has nothing to do with the economy. And my second point, in terms of economics, New Jersey has an ace card in its pocket where they can instantly stimulate the economy by relaxing the gasoline tax to spur the economy:

"Is it still cheaper than New York and Pennsylvania?
Indeed.

At 58.7 cents per gallon, Pennsylvania has the highest state taxes on gasoline in the U.S.

New York isn't far behind, clocking in with the fifth-highest gas tax at 45.76 cents per gallon.

After this latest increase, New Jersey's will be 41.4 cents per gallon."

When people die in New Jersey, there's no Hell, there's only Heaven or reincarnation.

The next recession?

Are we not still in the same one that started just before 9/11?
And can we get through this one and have some good times before we start worrying about the next one?

originally posted by: luthier

originally posted by: network dude
get rid of debt, get your bills manageable so if you only made half of what you do now, you could still survive, and stop buying anything on credit, ever. Some have to finance a car and house, but be sure both are very affordable. If you do that, and have a marketable skill, you will not have to worry as much about doom porn such as this.

Credit makes the banks money, and costs you money. it's completely ignorant unless you just have to have cool stuff. then it's completely acceptable.

Problem is then we don't have a booming economy on paper for political points. After the recession it seems they hooked a leaf blower up to the printing press. Now they don't know what to do or how to turn it off without breaking the system.

I think you miss the point. My advice is good even if we have a booming economy. It's just a smart way to live. Unless you really, really, need cool stuff, then it's all good. I don't worry about a recession that has been predicted for years. I'm just glad I made it out of the last one during Obama's reign.

a reply to: JAGStorm

The US is going to be devastated the powers to be know this,recorded history says that in 1812 times of New Madrid,the US was developed and inhabited,but a large catyclism,destroyed millions,Calif was once an island that disappeared under the water,in reality we are puppets on a string,truth is just like life,if Rothchild decides to pull out of US,he has all our money,guess you could say recession

a reply to: network dude

It was a joke on my part. However the recession came from a mix of Clinton and Bush. Obama just was president after it started in 2007.

As I listed earlier the signs of a bust and the reasons for the predictions are we are in debt to the gills. From corporate debt to national and co sumer debt. In fact debt spending is the only thing making the economy appear to be robust.

The White House is loosening credit regulations like its 2004 so we are sure to see a nice reset.


Living within your means is unamerican but a very good idea for wealth and stability.

a reply to: DBCowboy

The world economy never recovered from the 2008 slacking.

It just got papered over and the Fed patted themselves on the back for a job well done.

Meanwhile, the exact same ish is floatin around that crashed it in the first place.

the next recession is already here.... it's just that the rigged Economy & manipulated market statistics cover up the facts that 20% inflation is here, And the 15 million + illegal immigrants cost an uncounted $4Trillion per year of Debt at all the layers of government…

my own next step to adapt to the changing conditions is to Divorce the 'Wife' for the past 50 years (15 June 1969 is marriage record date)
Why will I be taking that action..... because my VA disability pension is in a state of suspension because our combined Social Security income exceeds the VA limit...regardless that we do not comingle money or live as husband/wife since 1985 up to the present day

whereas, if I get a no fault Divorce decree, without the cost of a Lawyer and only the required $150.00 filing & court fees...I will stand to once again receive close to $260. per month of nonservice-connected-disability Pension monies.

And with that entry level Pension amount, added to my SS$ paycheck I will be receiving the 'national average' in 'retirement income'--->>> I should thus be able to sustain myself for the duration.


BTW -->> 888 x 2 = 1776