Posted by: regidk March 28, 2018
Chances of another recession like 2009 ?
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"Lending standards have become quite stringent since 08 so chances of a housing meltdown is low. "

If there are few more interest rates hikes, what could happen to all the unprofitable companies on wall street? For example, I think it's Tesla that hasn't made any profit yet?? And I saw one tweet today which mentioned Tesla's debt has been given CCC...":high risk:...what happens if FED decides to hike the rates 2 or 3 or 5 times in coming months, in the name of 'healthy economy'? Ok, then it probably means that some companies that aren't profitable will go bankrupt...and what if more companies go bankrupt (the ones that aren't profitable)...and what if, such a scenario creates a mini recession after stock market crashes, and companies start firing employees (even though they have 800 billion worth of dollars to buy back stocks).... can that happen? And if all that happens....then... "Lending standards have become quite stringent since 08 so chances of a housing meltdown is low. " the people with good credits will be jobless for 6 months to a year...and by the end of they year...will they have savings left to pay for mortgage and property tax etc? In the past few years, house prices have gone up a lot but has the wage also gone up a lot? Anyway...this is just an observation and I hope nothing bad happens...but who knows...I do think that there is IT boom happening around the world...the whole world is now using more IT than ever before...more data than ever before to do business...which is good for the economy...Manufactured recession could make people's lives difficult.....

TSLA tweet -   https://twitter.com/sridinats/status/978734496542576644  
Last edited: 28-Mar-18 12:12 AM
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