Recession??????

[blixa]

You'll know it's a recession when prices for services offered on this board start to go down.

 

[HungSowel]

The last two months have been slow for my business, but my main wholesale customer has been having a great month.

I am kind of looking forward to a change in economics, volatility is a business man's best friend usually.

 

[Insidious Von]

Congrats to President Jimmy Carter who turned 95 to-day.

He is best remember for losing Iran and causing the deepest recession in the history of the U.S.

Darts you are becoming tiresome.

The 80 - 83 recession was short and steep but nowhere near as damaging as The Financial Meltdown 09/2008. The oil companies sabotaged Carter's Presidency to kill his energy program, Ironically we would be better off today had Reagan not killed it.

And Carter didn't lose Iran, Eisenhower did.

 

[luvyeah]

Darts you are becoming tiresome.

The 80 - 83 recession was short and steep but nowhere near as damaging as The Financial Meltdown 09/2008. The oil companies sabotaged Carter's Presidency to kill his energy program, Ironically we would be better off today had Reagan not killed it.

And Carter didn't lose Iran, Eisenhower did.

But I just wanna blame trump for everything!

 

[hamermill]

I've been talking to a number of people seems like everything is slowing down drastically despite what the government is saying. My companies sales are tanking quickly.

Anyone seeing things slowing down at work?

This started almost 1 day after that moron got into office. You pick Trump you would be right. You pick Trudeau you would be right. If you picked Ford you would be right.

 

[Darts]

The 80 - 83 recession was short and steep but nowhere near as damaging as The Financial Meltdown 09/2008.

"1980-82 - not the current recession - will remain the longest sustained period without economic growth since World War II."

And Carter didn't lose Iran, Eisenhower did.

It was Carter.

I know I'm right but no point debating this any further as the two BFF's will likely show up and make a complete mess of this thread.

 

[basketcase]

But I just wanna blame trump for everything!

His trade wars have been a noticeable contributing factor.

 

[rhuarc29]

I work in the steel industry

I'm also in the steel industry. We also boomed during the last ten years, having trouble keeping up. We're now roughly 20% off our high which was achieved last fall, so yes I've seen a decline. Kind of a welcome relief, to be honest, though if it slips anymore that wouldn't be ideal.

 

[Bigdaug]

We need a serious correction especially in the housing. Some economists say we're in a recession right now.

 

[Darts]

It's not a recession until people stop:

1)paying over $1,000 for a cellphone
2)paying $500 for a Maple Leaf ticket
3)paying $500 to watch a concert by 4 70something rockers

 

[Charlemagne]

TSX and Dow sell off sharply as global recession fears bubble up again
https://www.cbc.ca/news/business/tsx-dollar-markets-1.5305962

 

[rhuarc29]

It's not a recession until people stop:

1)paying over $1,000 for a cellphone
2)paying $500 for a Maple Leaf ticket
3)paying $500 to watch a concert by 4 70something rockers

Didn't realize we had a real economist in the house! lol

 

[Darts]

Apparently, the current U.S. unemployment rate is the lowest since 1969. The 1969 recession started in December.

"According to the National Bureau of Economic Research the recession lasted for 11 months, beginning in December 1969 and ending in November 1970, following an economic slump which began in 1968 and by the end of 1969 had become serious, thus ending the second longest economic expansion in U.S. history which had begun ..."

========================================================================================

HP announced it will cut its global workforce by up to 16,000.

 

[hoorawr]

Apparently, the current U.S. unemployment rate is the lowest since 1969. The 1969 recession started in December.

"According to the National Bureau of Economic Research the recession lasted for 11 months, beginning in December 1969 and ending in November 1970, following an economic slump which began in 1968 and by the end of 1969 had become serious, thus ending the second longest economic expansion in U.S. history which had begun ..."

========================================================================================

HP announced it will cut its global workforce by up to 16,000.

16% of workforce to be cut in next 3 years... I am a shareholder


Then again, which tech company hasn’t had layoffs

 

[superstar_88]

The shelf life of many tradespeople is fairly short. The trick is to build a business when you are still young. Then hire other people to do the actual work.

I called this roofer last year. He came over, assess the problem and gave me a price. Then an actual roofer showed up. He said the boss has a list of workers he calls when there is a job. Once the job was finished, the boss came by in his van and collected the cheque.

that's called a broker or a middleman

 

[onthebottom]

I'm not talking about cranes or a housing bubble. Job losses, slowdown in sales or business closing down.

My company has been booming for the last ten years couldn't keep up with orders, record profits. This October we have like one day production for the month.

Yield curve has inverted which has been the recession indicator for the last 50 years.

Is anyone else seeing slowdowns at work?

There's a lot of people here from all over Ontario who work in different fields. Good to place to ask I would think.

We just had our company’s largest Q in history, not typical for a Q3.

 

[onthebottom]

His trade wars have been a noticeable contributing factor.

To the lowest unemployment rate in 50 years.

Look to Europe, they are in recession.