General Discussion

Yavin4

(36,855 posts) Tue Nov 19, 2024, 04:20 PM Nov 19

We're about 12-13 months away from a long term economic decline. [View all]

I may be doom and gloom and maybe I am wrong, but I don't think so. Around this time next year, or a little afterwards, we will be in a prolonged economic downturn the likes we haven't seen since The Great Depression. People forget that the financial collapse of 2008 happened at the end of Bush's term, and we got Obama soon thereafter to right the ship right away. Our timing this time around won't be so lucky. The downturn will happen in the middle of Trump's term. There won't be a Democratic savior president until 2029.

I don't say this to scare you. I'm saying this to prepare you.

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We're about 12-13 months away from a long term economic decline. [View all] Yavin4 Nov 19 OP

Do you think we have a year of somewhat a normal economy? Irish_Dem Nov 19 #1

We'll be on Biden's economy through Aug-Sept of 2025. Yavin4 Nov 19 #8

Thank you very much. Irish_Dem Nov 19 #10

The cost of housing will probably go up. Jk23 Nov 19 #18

Yes definitely for new housing. Irish_Dem Nov 19 #19

If that is the case, we should do well in the midterms. Nt Fiendish Thingy Nov 19 #2

Trump will need a major distraction in 2026 to save Republicans in congress. Yavin4 Nov 19 #9

Disagree... WarGamer Nov 19 #20

He needs something bigger than that. Yavin4 Nov 19 #21

Nutanyahoo will do all he can to kill it. roamer65 Nov 20 #41

Already preparing. Starting to cut back on big expenses/big ticket items (not that I really have any now), and SWBTATTReg Nov 19 #3

And it will probably occur a lot sooner... Wuddles440 Nov 19 #4

I think it will happen even sooner than that Wiz Imp Nov 19 #5

Agree, Trumpism is terrible business. radius777 Nov 19 #33

Putin will be delighted Walleye Nov 19 #6

Agree, but think it will happen sooner bucolic_frolic Nov 19 #7

This ☝️☝️☝️☝️☝️ roamer65 Nov 20 #42

'Thanks.' elleng Nov 19 #11

THIS !!! Great time to sit in bonds, I'm at the age I can miss a 10% up vs take a 10% dip but at 5% bond returns I'd can uponit7771 Nov 19 #12

He can activate the tariffs and start the deportations on January 20. We'll feel the effects within a few weeks. LonePirate Nov 19 #13

I've heard Norm Ormstein estimate the collapse would being within 3-6 months. (nt) Earthrise Nov 19 #14

I can see that. Yavin4 Nov 19 #15

Tariffs and also undocumented laborers return to their countries to avoid being violently removed? Earthrise Nov 19 #17

I agree with you that there will be an economic crisis during Trump's Jspur Nov 19 #16

Bush got zero interest rates after 9/11 Yavin4 Nov 19 #22

I wonder who he'll put up for Treasury Secretary flamingdem Nov 19 #23

Everybody is on pins and needles about this pick. Yavin4 Nov 19 #24

Big Bird, no really it'll be Big Bird... Who'll be his best pick uponit7771 Nov 19 #25

(Kan)Ye would be on brand. (nt) Pinback Nov 19 #29

It will be basically immediate if the tariffs are going to happen. dchill Nov 19 #26

This depends greatly on how fast they enact their plans relayerbob Nov 19 #27

Agree! Make big purchases now. crimycarny Nov 19 #28

Definitely 👍 roamer65 Nov 20 #39

Interesting discussion. yellow dahlia Nov 19 #30

Don't even consider a house until 2026 or 2027. roamer65 Nov 20 #40

i'd say 6 months after he's sworn in Takket Nov 19 #31

Retail sales are already slowing down at an upscale mall I work part time at, Freethinker65 Nov 19 #32

You haven't seen anything yet. roamer65 Nov 20 #38

It will start in December 2025. Eko Nov 19 #34

The standard of living in the USA peaked in 1968 GreatGazoo Nov 20 #35

You say this based on what exactly? VegasVet Nov 20 #36

1. Trump's economic and domestic agenda Yavin4 Nov 20 #44

March to May 2025. roamer65 Nov 20 #37

Decline? These fucking idiots are going to usher in Great Depression 2.0: Depression Harder. Initech Nov 20 #43

I'm watching the market carefully... bif Nov 20 #45