Recession

[Eli]

Better pay attention to market indicators. Don't slack!

 

[Addie]

Better pay attention to market indicators. Don't slack!

Which market? Want to pay the utmost attention to them. Don’t want to slack but your lack of written English has already made me slack. I’ve already lost a bunch of time because you didn’t state the markets...

 

[Eli]

Which market? Want to pay the utmost attention to them.

General public? I thought you were an appraiser. Toilet paper for you. LOL Good business to be in.

No, I was referring to real property. It will take a hit.

 

[Addie]

Lot of

General public? I thought you were an appraiser. Toilet paper for you. LOL

No, I was referring to real property. It will take a hit.

Lost a lot of slack with your fumble. People on this site are into a lot of different markets. Some are voting markets, some are food, etc etc.

Lost a lot of slack. Not happy about this.

 

[Eli]

Lot of


Lost a lot of slack with your fumble. People on this site are into a lot of different markets. Some are voting markets, some are food, etc etc.

Lost a lot of slack. Not happy about this.

Well, now you know what market I am referring to. It is also one of the biggest markets. What dog do you have in this race?

 

[Terrel L. Shields]

I was referring to real property. It will take a hit.

Here it needs to. Prices have been increasing for 3 years at a horrific rate, far in excess of people's wages. It won't take but a few rounds of layoffs to send the REOs thru the roof.

 

[Restrain]

Stock market went up almost 10% today. Volatility in overall markets doesn’t indicate a recession, rather short-term uncertainty.

 

[Non Sequitur]

Stock market went up almost 10% today. Volatility in overall markets doesn’t indicate a recession, rather short-term uncertainty.

I hope you‘re correct.
An interesting article: Coronavirus will bankrupt more people than it kills — and that's the real global emergency


https://www.independent.co.uk/voice...pandemic-economy-bankrupt-italy-a9394891.html

 

[Joe Flacco]

I think we are getting a mild recession like the early 90's. By the time they say we had a recession equities will already be at new highs.

In 1990 S&P 500 hit high of $370 then there was a 20% decline which bottomed October 1990 at $295. By the time they declared recession between July 1990 and March 1991, S&P 500 was trading at the like $390 and then just continued higher.

I think we are looking at something like that.

 

[Joe Flacco]

As far as the housing market, until you see the number of active listings start doing something like this black line there is nothing to worry about. The supply situation the market is in right now is not going to be resolved quickly.

That is 58 consecutive months of year over year decline in number of active listings beginning like May 2015 and the rate of decline in the number of active listings is accelerating ever since May 2019. Ever since May it is declining 20-25% YoY. This will not be resolved quickly.