Learn more about BAM Capital’s 15%-20% targeted returns:
There’s one thing that could trigger a 2024 recession. Once activated, a domino effect could begin sending shockwaves throughout the entire economy. What’s the economic trigger we’re referring to, and when could it hit? Even though it’s after Halloween, Dave Meyer is on to share the spooky reality of recessions, what could cause one in 2024, and whether we have or haven’t entered one yet.
Recessions are notoriously hard to call, but knowing what causes them can help you invest better than the average American. Dave will walk through what a recession really means, telltale signs we’re in a recession, what current data says about the state of the American economy, and the biggest red flag of a recession to come that most people are completely ignoring.
ACCREDITED INVESTORS: Invest in real estate WITHOUT the hassle with BAM Capital!
~~~~
Join BiggerPockets for FREE 👇
~~~~
Find an Investor-Friendly Agent in Your Area:
~~~~
Find Investor-Friendly Lenders:
~~~~
Hear Dave on The “On The Market” Podcast Wherever You Listen to Podcasts:
Spotify:
Apple Podcasts:
BiggerPockets:
~~~~
Watch Dave on the “On The Market” YouTube Channel:
~~~~
Why 2023’s “Rolling Recession” is Almost Impossible to Predict:
~~~~
Resources Used in This Video:
Recession Definition:
US GDP:
US Retail Sales:
US Unemployment Rate:
US Labor Force Participation:
US Job Openings:
~~~~
Connect with Dave on BiggerPockets:
~~~~
Follow Dave on Instagram:
@thedatadeli or
00:00 A Recession Special
00:36 Sponsor: BAM Capital!
01:29 Recessions 101
02:17 When the Recession Starts and Ends
05:08 Recession Triggers
05:32 GDP
06:58 Retail Sales
07:49 Labor Market
09:55 This Could Cause a 2024 Recession
12:13 The “Rolling Recession”…(read more)
BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
Could This Trigger the 2024 Recession?
As the global economy continues to recover from the turmoil caused by the COVID-19 pandemic, concerns about the potential for a future economic downturn are starting to surface. While many factors could contribute to a recession, one particular issue that is garnering attention is the potential for an economic downturn in 2024.
There are several factors that could potentially trigger a recession in 2024. One of the most prominent concerns is the issue of rising inflation. Inflation has been on the rise in many countries, driven by factors such as supply chain disruptions, increased consumer demand, and rising energy prices. If inflation continues to increase at a rapid pace, it could lead to higher interest rates and reduced consumer spending, both of which could have a negative impact on the economy.
Another factor that could contribute to a 2024 recession is the potential for a financial crisis. The global financial system is inherently interconnected, and a crisis in one part of the world can quickly spread to other regions. The recent surge in cryptocurrencies, for example, has raised concerns about potential instability in financial markets. Additionally, the large amount of debt held by many governments and corporations could also pose a risk to the stability of the global financial system.
Geopolitical tensions and trade disputes could also play a role in triggering a 2024 recession. As global powers jockey for influence and resources, the potential for conflict and disruption to trade and commerce is a real concern. The ongoing tensions between the United States and China, for example, have the potential to cause significant disruptions to global trade if they escalate further.
The ongoing effects of the COVID-19 pandemic also continue to pose a risk to the global economy. While many countries have made significant progress in containing the virus and reopening their economies, the emergence of new variants or potential future waves of the virus could still have a significant impact on economic activity.
It is important to note that the potential for a 2024 recession is not a foregone conclusion. Many economies are still on the path to recovery, and there are steps that governments and central banks can take to mitigate the risk of a downturn. For example, central banks could adjust their monetary policies to keep inflation in check and support economic growth. Governments could also implement fiscal measures to support struggling industries and consumers.
Ultimately, the potential for a 2024 recession will depend on a complex interplay of economic, geopolitical, and public health factors. While there are certainly reasons for concern, it is also important to remain vigilant and proactive in addressing the potential risks. By staying informed and taking proactive measures, it is possible to reduce the likelihood of a future recession and ensure a more stable and prosperous economic future.
It really just depends on the political affiliation at the time.
We've been in one and the market of Real Estate already saw the big dip during June 2022 which last for the remainder of the year. These headlines do not apply in wealthy regions either, such as the Bay Area. YOY and YTD, majority of the Bay Area have increases in closing sale prices by an average of 10-15%. Things will continue to improve gradually.
Is there a Recession in india 2024
The only thing you can do is make sure you're ready and plan accordingly because recessions are a natural part of the economic cycle. I began my career during a recession (2009). Aerial acrobatics on cruise ships was my first job out of college. I've developed my own business, am a vice president at a large corporation, own three rental homes, invest in stocks and businesses, and have seen a growth in my net worth of two million dollars over the past four years.
The Great Depression didnt crash overnight. It was a long drawn out process. We're screwed, we just dont know it. A boiled frog where the temp keeps going up. Then its dead before it realizes its too late
Usa is facing a recession leading into a depression with ww3 North vs South Korea China vs America over Taiwan russia Ukraine war Africa and France nato war middle east war
Housing crash 2025 recession 2024 ww3 2026 been saying it for 20 years
I think consumers cannot buy things for the same price as before due to the inflation. Even though the retail growth hasn't significantly pulled back, it doesn't mean people are not sufferring as more Americans are in credit card debt now than before.
These data analysist s don’t take in to account that most people have three jobs currently to afford bills. I live in the real world. When all your lending sources tighten up because of fear of default you know it’s not well. When giant developers start closing and leave buildings half built rotting in the weather you know bad shxt is comong
Things can get worse?
The government can manipulate the statistics they did before and they are doing it now.what you mentioned in papers doesn't reflect what is happening in the streets
Good thought on rolling recession. A sand chart could be a good way for you to illustrate that, how parts rise and fall in opposition and the top line is less volatile.
NOT AACCURATE. The USA numbers, CPI Lie, GDP, BLS data are HIGHLY manipulated. First off at a minimum the REAL CPI Inflation rate is double the stated rate which puts real inflation at a minimum of 8% if you use the CPI formula from 1980 which was far more honest than today's revised CPI. Second the 4.9% GDP number is due to Govt DEFICIT SPENDING NOT organic growth in the economy which means real GDP was at least -3.0% last Quarter. The unemployment data is also HIGHLY manipulated. They overcount people with 2-3 low paying part-time jobs and ignore anyone out of the labor force for over a year. What I am essentially saying is that virtually all of the Govt data is completely skewed and manipulated, just like the CCP does with their data. Making any real assumptions over the Govt headline numbers is pointless. Do your own homework….
Subbed. : )
They wont call it a recession unless some neckbeards decide its so?? Lol
We "arent in a resession" because they changed the definition and the main stream media doesnt want to hurt democrats. Period.
Where do you go to find out the data for the economy in real time ?
Wow, you have a VERY positive outlook for 2024! Unemployment going to 15% in 2024 son. You are WAY off on this!
Your numbers are skewed. 99% of these job openings are part time work so you might as well call it zero. It has no effect on peoples lives or the economy in the overall picture.
Why the click bait Covers????????????????????
Yes , we are in a recession but no , it’s not gonna , affect the home prices .. maybe 10% -/+ but , just , wait til , rates fall im1-3 yrs , cuz , feds needs , public to get loans to grow .. makes sense yes
Didn't rhe comittee change the definition of a recession just a few years ago to fit their own agenda? Kind of like how they have changed the data needed for employment numbers.
Could This Trigger the 2024 Recession? I HOPE SO! It's taking long enough! Get it over with so I can pick up some cheap real estate. Damn.