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In your opinion, will the US experience a recession at some point over the next four quarters?

Monday, Mar 30

In your opinion, will the US experience a recession at some point over the next four quarters?

Yes (70%) – "I think we are. I hope we are. As much as recessions stink, we need one to tame this inflation and bring down housing prices. Young people need an entry point into the housing market, and they can't do it at these rates and prices."

  • "Gas prices and consumers are starting to feel uneasy. I think we may start to see consumers cut back on spending."

"It is very likely, not because or Trump, but because of greed and cycles. The market is over extended (greed) with tremendous over valuation. That is likely to enter "correction" zone. Businesses are being cautious because the consumers are slowing spend (cycles). That slows/contracts employment, which affects another spending category. The only industry expanding is defense. But the BBB is designed to reduce the cost of business, which reduces the speed of business contraction. That reduces the depth of the recession, but doesn't prevent it. Ressessions are good - the remind us that we need to live within our means and invest for the long term (and a rainy day). It also reminds us of what is important - family and community."

  • "The oil-based interlocking global economy has already been derailed. The length of the (latest) middle-eastern war will determine the severity of the economic fallout. Longer war = Greater disruption. The key players are: 1. Iranian extremists and 2. Trump, Trump sycophants & Netanyahu. Recession? Depression? We might have to invent a new word to describe the Pandora's box that has been opened."

"We can't run the country like teenagers. Our debt is crippling us. Housing is too expensive. Transportation is a nightmare. Healthcare is a joke. And now we're burdening ourselves with international relations issues all over the world. Venezuela, Palestine, Syria, Greenland, Cuba, and Iran. War benefits the manufacturers of it, not the soldiers. There's a ton of financial reward for the military-industrial sector and only losses for enlisted personnel. Current billionaires haven't hoarded wealth this ever. Since freezing the national minimum wage at $2.35 or $7.25 per hour (the lower amount is for tipped workers) in 2009, the world's richest people have acquired so much wealth it's nauseating. They're happy to create enormous suffering just to make more money. More more more. It's like the generals sitting horseback on the hill overlooking the battle, safe and sound, watching thousands upon thousands die in a way they and their sons will never be forced to face."

  • "Erratic political economic policies are causing continuing financial harm, I see no actionable improvements ahead. My optimism is failing too, so sad. America is Least now."

No (18%) – "As a working family, we were finally able to keep more of the money we worked for which resulted in a nice refund. This money will have to be spend. I know we're not the only ones. Thanks to the big beautiful bill working families have finally gotten a real pay raise. That's why consumer spending isn't relenting and that's why there won't be a recession in this time."

  • "If the US plans to take out the Iranian threat hold true to a short time table and the Strait is kept open by destroying Iran's terrorist ability to close it within the next 6 weeks, there will be no recession but a boom instead. That will leave only North Korea, Russia and China as major terror prone countries though theirs is mostly inside their own boarders at present."

Unsure/other (12%) – "On the one hand, billionaires and millionaires are going to do whatever it take to maintain their wealth, and thus, may be more inclined to ensure there isn't a recession. On the other hand, those same people will be just fine and don't seem to care much about how everyone else struggles during recessions. Trump in particular will also not want to give an indication that the war in Iran was a defeat of any sort or that it wasn't the massive, simple success he claimed it was at first. Either way, there are a handful of people who play games with money because they will be just fine losing more money in a day than the rest of us can imagine making in our entire lifetimes."

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