Anonymous wrote:I'm a bit amused by people mocking "feelings" because how people "feel" when it comes to economic issues is a topic within economics. It's pretty clear you aren't an economist or have any idea of what economists do.
Anonymous wrote:No. We’re in what is known as a highly volatile sideways market. The winners are the ones frequently trading between selling bloated stocks and buying undervalued gems. The losers are the mindless people dollar cost averaging retirement contributions into the market and inadvertently fueling a wealth redistribution.
We’re in the middle of a repeat of March 1998 - March 2013. Just replace the dot com bust with the COVID crash. We’re in this phase until about June 2027.
https://www.investopedia.com/terms/s/sidewaysmarket.asp
Anonymous wrote:Agree with ski resort poster. We were also there and I had the same reaction - pretty shocked. I thought with all the rich getting richer it would be packed, but no. Our landscaper folded after many years of struggling to find enough help. A weekly food delivery place was delayed a day as they were dealing with staffing shortages.
OP it feels to me like things are off, too. Not just feels - based on my own life experiences
Anonymous wrote:No, this is not a recession.
There is always a lot of data cooking to get to these unemployment numbers- look at the share of employed adults ages 18-55 over years to see a more accurate figure.
Churn in the employment market is definitely up but that’s different than true unemployment.
If you are worried about getting laid off, sock away in your emergency fund.
Anonymous wrote:Baseless doomerism (often fueled by cultural/political resentments) is a huge cottage industry around here.
‘Envy of the World’—U.S. Economy Expected to Keep Powering Higher
https://www.wsj.com/economy/central-banking/economy-forecast-lower-recession-chances-1f24174b
Just remember - just becasue things are going poorly for you - doesn't mean the vast majority of other people aren't doing great.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:We do know one person who unexpectedly lost their job a few months ago- company was doing poorly and cut like 1/3 of their staff. Just got a very similar job in less than 2 months. Also know someone who transitioned back into full-time work after being SAHP for 5+ years, got a good job within 3 months of starting to look. Don't know anyone else who has lost a job recently. So I guess there isn't a recession.
We know quite a few people who have been laid off or fired. My spouse was on the chopping block but things seem ok as of now.
If only there was some way to aggregate all of these anecdotes into a more complete and accurate picture, for policy makers to analyze and understand.
Shhhh with your nonsense, it has already been proclaimed that this thread is about “feelings.”
No but there has to be a way. I swear someone will figure out how to collect this information, someday. Alas, there is nothing we can do today except trade individual stories about friends' job prospects, and what a couple of things cost us today.
Oh wait also how busy a couple of ski slopes were on a couple of days. Forgot that.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:We do know one person who unexpectedly lost their job a few months ago- company was doing poorly and cut like 1/3 of their staff. Just got a very similar job in less than 2 months. Also know someone who transitioned back into full-time work after being SAHP for 5+ years, got a good job within 3 months of starting to look. Don't know anyone else who has lost a job recently. So I guess there isn't a recession.
We know quite a few people who have been laid off or fired. My spouse was on the chopping block but things seem ok as of now.
If only there was some way to aggregate all of these anecdotes into a more complete and accurate picture, for policy makers to analyze and understand.
Shhhh with your nonsense, it has already been proclaimed that this thread is about “feelings.”
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:We do know one person who unexpectedly lost their job a few months ago- company was doing poorly and cut like 1/3 of their staff. Just got a very similar job in less than 2 months. Also know someone who transitioned back into full-time work after being SAHP for 5+ years, got a good job within 3 months of starting to look. Don't know anyone else who has lost a job recently. So I guess there isn't a recession.
We know quite a few people who have been laid off or fired. My spouse was on the chopping block but things seem ok as of now.
If only there was some way to aggregate all of these anecdotes into a more complete and accurate picture, for policy makers to analyze and understand.
Shhhh with your nonsense, it has already been proclaimed that this thread is about “feelings.”
Anonymous wrote:Anonymous wrote:Anonymous wrote:We do know one person who unexpectedly lost their job a few months ago- company was doing poorly and cut like 1/3 of their staff. Just got a very similar job in less than 2 months. Also know someone who transitioned back into full-time work after being SAHP for 5+ years, got a good job within 3 months of starting to look. Don't know anyone else who has lost a job recently. So I guess there isn't a recession.
We know quite a few people who have been laid off or fired. My spouse was on the chopping block but things seem ok as of now.
If only there was some way to aggregate all of these anecdotes into a more complete and accurate picture, for policy makers to analyze and understand.
Anonymous wrote:Anonymous wrote:We do know one person who unexpectedly lost their job a few months ago- company was doing poorly and cut like 1/3 of their staff. Just got a very similar job in less than 2 months. Also know someone who transitioned back into full-time work after being SAHP for 5+ years, got a good job within 3 months of starting to look. Don't know anyone else who has lost a job recently. So I guess there isn't a recession.
We know quite a few people who have been laid off or fired. My spouse was on the chopping block but things seem ok as of now.
Anonymous wrote:We do know one person who unexpectedly lost their job a few months ago- company was doing poorly and cut like 1/3 of their staff. Just got a very similar job in less than 2 months. Also know someone who transitioned back into full-time work after being SAHP for 5+ years, got a good job within 3 months of starting to look. Don't know anyone else who has lost a job recently. So I guess there isn't a recession.