Preparing for the Recession

Off-Ramp
21

I don’t think we’re anywhere near the bottom yet, and I’m contemplating moving some stocks to cash. The problem is that inflation makes holding cash also a problem. Maybe precious metals or hard assets.

The fed is expecting the inflation to fix itself in a quarter or two after the following took place:
-we’ve had cheap money and super low rates for at least 15 years since the Great Recession in 2008
-Trump, Biden, Democrat, Republican, they’ve all handed out money (Covid, cash for clunkers, erase student loan debt), basically keep printing and handing out money for free ad now we’re seeing the consequences
-In addition to free money, we still have China shutting down randomly, constrained shipping routes and a war in Ukraine. Shortages still exist, which drives prices upwards. Inflation isn’t getting fixed until the supply chain is back to normal.

The fed reactively jacking up rates is just going to make the situation worse. Don’t expect things to get better until the supply chain is completely back and until people decide they need to work again.

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22

We aren’t. Timing one side is really difficult, both sides nearly impossible. I am not even logging into my brokerage until after the midterms.

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23

Yea I think they’re going down, but it’s too late too pull out. Better to ride it out instead of timing it.

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24

Save the $7, most places do it for free.

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25

Dollar cost averaging…buy the ups and downs with a dollar amount your can afford on a monthly basis. Never time the market, you will always be wrong. Load a mutual fund like you pay your cell phone bill.

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26

Will Walmart deliver a kit to the side of the highway?

27

Most new cars and some credit cards include that for free. Since this is a leasing forum I will assume it’s still under warranty.

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28

aren’t we in a recession now or are we waiting for 1600 Pennsylvania Avenue to make it offical?

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29

Just paid $45 at Goodyear for a drywall screw. Costco would have been free if they were their tires.

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30

I’m waiting for official word from on high. Just saw a squirrel running across my deck, so I’m YT’ing ‘How to skin and BBQ squirrels’, once prez gives me the signal.

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31

I believe you missed out on a major meme worthy statement yesterday.

32

According to Joe, there’s no recession, prices are up just an inch, and the stock market is making new highs every day.

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33

Eww, I wouldn’t go to goodyear, aren’t those guys basically 1 step up from pepboys?

34

I’d agree, but the one in my town is a long-owned family operation, and have had fair dealings for decades…but once I get Costco tires…37K on my 4xE already…out of warranty.

35

buy this spray from home depot and they ain’t gonna return back for a while.

36

Had to have been during Happy Hour. Dude’s gotta unwind.

37

Did they ever make the 2007 one official?

All I remember is ‘nothing to see here, move on’ then Bailing out IAG (or whatever that big insurance bank was)

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38

My grad school room-mate (he was in MBA school) once was a big wig at AIG Thailand, I said “it must be nice to have a chauffeur”, his reply was “I missed driving my 911”. When financial crisis hit, he was laid off but got a nice package I asked him why did he even get a package when company’s going under. His reply was “my boss would probably lose his job so it makes sense to grease each other”.

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39

We’re definitely in a recession, but the department responsible for designating them can take years.

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40

Imo, the best time to get rich is during a recession. The only advice I have is I am extremely liquid right now.

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