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BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
The year 2024 has proven to be a challenging one for the economy, with a recession and stock market drop impacting workers and businesses across the country. Layoffs continue to be a significant issue as companies struggle to stay afloat, and the housing market has also taken a hit with plummeting sales.
The recession and stock market drop have had a widespread impact on the economy, leading to financial instability and uncertainty for many individuals and businesses. The stock market has experienced significant losses, causing investors to face steep declines in their portfolios. This has led to a lack of confidence in the market, as many people fear further financial losses.
Additionally, companies have been forced to make difficult decisions in response to the economic downturn, leading to a surge in layoffs. Workers in various industries have been impacted, with job security becoming increasingly precarious. The ripple effects of these layoffs are being felt by families and communities, as individuals struggle to make ends meet and find new employment opportunities.
One of the sectors hit hardest by the economic downturn is the housing market. Housing sales have plummeted, as potential buyers face financial uncertainty and a lack of confidence in the real estate market. This has led to a significant slowdown in the construction and housing industries, with repercussions for related sectors such as banking, insurance, and home improvement.
The combination of these economic challenges has created a tough environment for individuals and businesses alike. The need for financial support and stability has never been more pressing, and many are searching for solutions to weather this storm.
As the impact of the recession and stock market drop continues to be felt, it is crucial for individuals and businesses to remain resilient and adaptable in the face of these challenges. Seeking financial guidance and support, exploring new job opportunities, and finding ways to cut costs and save money can help individuals weather the storm and emerge stronger on the other side.
In the face of housing sales plummeting, it may also be a good time for potential buyers to explore opportunities in the real estate market. With prices declining and interest rates low, there may be opportunities for those in a stable financial position to make a purchase.
Overall, the current economic landscape is challenging and uncertain, but by taking proactive steps and seeking support, individuals and businesses can navigate these difficult times and emerge stronger in the long run.
Elect more Democrats and expect more regulations and taxes.
That is just the way it is.
Many malls are now magnets for crime. Theft, mall brawls , food court antics and shootings. Its no longer a pleasure to go so I stopped many years ago. Not the experience I had as a child and young adult. Vicki
When breadth is this narrow it has always pulled back. We have never reached an AtH in the SP500 while the Russell lags this much. Hyped market that will get rug pulled on a big way
Great idea for Ford. I would buy one.
Honestly, it’s been a very long time since Macy’s was considered to be a great anchor store for a mall. And, the Detroit Three need to focus on desirable products and not flashy ads. They have spent decades making cars more expensive as opposed to better
Most Americans don’t want cheap reliable cars. If they did, they’d be clamoring for Toyota Corrollas. They want flashy cars with all the bells and whistles. They don’t care if it falls apart after 2 years.
The recession is still coming? One of these years they will be right
I'm sure the automakers are smart enough to hire Dylan Mulvaney to put some spark into EV sales.
The more I watch ecomomists state their opinions, the more my head spins. They are all very convincing, but seldom correct.
I know in my area here in AL, Walmart is no where busy like it used to be to be over a year ago. That’s a huge sign ppl are cutting back and can’t afford much with inflation. When you get a quarter of a cart filled and it’s $300+…yeah I can see why ppl are cutting back.
What’s happening right now is worse than 2008. Just the fact the bubble hasn’t popped and still growing is what’s scary…
I agree that wallstreet and mainstreet are separated today, but with consumer spending being such a high portion of gdp, a reduction in spending will be a sobering wakeup call for wallstreet too.
when the US demand slows down, the global economy will be in a recession. are households at their breaking point of debt?
All I know is that no matter where I go, the streets are busy, the stores are packed, and every direction I look I see new vehicles that cost as much as my first house! From my corner of Houston, all one sees is prosperity, yet it sure doesn’t feel like boom times to me………????
I think the stocks will go up. Especially when Trump gets re-elected for his third term.
Affordable truck under $20k is a great idea.
Must be too cold outside lol!
There's no recession
There’s no infrastructure in the US for EVs
This recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.
Negative interest rates? You don't think that will spur inflation?
I’m not so sure that there’s going to be a severe recession, but either way, I’m going to keep investing retirement savings into a broad market index fund and investing money on the side into treasuries or placing it into a high yield savings account. Whatever happens with the economy doesn’t really change my strategy.
Sarasota dim is in hiding. Can't make these trailer payments. I'm just joking. Remember, get you ss at 62, and be broke the rest of your life.
Same Bs as always
New all time highs in the S&P 500 today. That alone will be enough to get a ton of retail bears to liquidate their puts and go all in. Can't crash till the last bear starts dancing.
Hew Ford, GM: try copying a Toyota Corolla. Small, reliable, efficient, affordable. You've only had 40 years to do it. And stop letting the Democrat crazies run, rather RUIN your business with this EV crap.
i dont have a family and only work part time. so parents will have to work harder if they want to fund schools etc.
America Wokeness = = = Americas Brokeness…! FACT.
It's weird to live in a resort area. All I see is wealth, wealth, wealth. Huge motorhomes pulling huge boats or trailers full of toys; $300 hotel rooms; full restaurants; new diesel trucks; high-end outdoor wear. . . and on and on. Then I look at my neighbors who survive by waiting on the people who own these things. The starting wage at McDonald's, $25 an hour, doesn't cover their basic expenses. Everyone shares housing, if they can find any. It all just seems surreal, and I often wonder how it can continue. Yet it continues. Every year, it gets more and more absurd. In 2023 I finally saw some signs of the cracks we all know are there.
EV's will be worthless soon. Unless they come out with a solid state battery that has a 5 minute charge time.
Is that the baphomet face right under the lamp. And the Buddha wheel up top?
Many people have no clue of what they are doing in the stock market or even what the stock market actually is. They might sign up for their company 401k plan which is good but have no clue whatsoever what’s ha-pending and just wish for the best. I also did that when I first started in my mid 20’s . Just took the advice of and older man I worked with who said invest at least 5% because then the company will give you 3% free. Then like 3 years later I got books from the library and read until I understood the stock market and then mutual funds only. You can’t time the market, period. If you are out on only a certain number of bull days you will destroy your total end wealth . Investing and checking your portfolio every 3-6 months and most often doing nothing besides maybe adding more is best. Ignore the market timers and hot picks from the so called or self called financial guru’s. Be a steady eddy and you’ll be wealthy beyond your wildest dreams sooner then you know it. God bless
Recessons come after the first rate cut. After.
Good jobs are hard to come by. Crap jobs are not in short supply. Case in point, Macy's??? Crap retail job.
We keep trying to treat the symptoms instead of attacking the root cause. Financial literacy has to be taught as a priority in the education system.
Speaking with a new car dealer, people coming in upside down on their loans by 10K+ almost a daily occurrence nowadays. They expect to trade that vehicle in and that money just to disappear.
A recent survey showed that 83% of Americans feel they have no hope of being able to buy a new car. The costs are just too high.
Whatever car manufacturer decides to build a decent plane Jane basic reliable automobile and price it at $25K will have a massive number of new potential customers.
Edward is good resource. Looks like this economic situation is about to bite hard.
Trump can’t fix this issue!!
This is the end my friend