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Ask HN: How to best take advantage of the coming recession?

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Re: Ask HN: How to best take advantage of the coming recession?

#71

Post by incomingpain »

zamalek wrote: post #26
incomingpain wrote: post #25

Earlier quoted context omitted.

In 2018 several high ranking economists as well as Powell said they know how to prevent recessions. https://tradingeconomics.com/united-states/gdp-growth Had 1 in 2020, and 1 in 2022. On average they are 7-10 years between. Split US government control likely going to result in balanced budgets. High cost to debt means less spending. Reality speaks, the next recession is always coming.

> Reality speaks, the next recession is always coming. The question is about which plans it affects. This year, next year, or seven years from now?

>The question is about which plans it affects. This year, next year, or seven years from now?

If you find out, tell me.

Re: Ask HN: How to best take advantage of the coming recession?

#72

Post by incomingpain »

zugi wrote: post #61
incomingpain wrote: post #25

Earlier quoted context omitted.

In 2018 several high ranking economists as well as Powell said they know how to prevent recessions. https://tradingeconomics.com/united-states/gdp-growth Had 1 in 2020, and 1 in 2022. On average they are 7-10 years between. Split US government control likely going to result in balanced budgets. High cost to debt means less spending. Reality speaks, the next recession is always coming.

> Split US government control likely going to result in balanced budgets. I don't see the U.S. getting anywhere close to balanced budgets in the next few years. Deficits are running a trillion dollars a year. Divided government blocks bold new expensive programs, but existing programs and spending just keep growing. For just one example: last year Congress spent an extra $100 billion on defense alone over and above w…

> don't see the U.S. getting anywhere close to balanced budgets in the next few years.

This mccarthy as speaker thing was odd to me. From my point of view Gaetz and friends were on team mccarthy. So why would his own team do what they did? Here's what they fought for...

>"We're going to have votes on term limits, balanced budgets, enforcement of our immigration laws, & more."

Basically everything they all wanted to do; there was never any obstruction. This was theatre.

>Deficits are running a trillion dollars a year. Divided government blocks bold new expensive programs, but existing programs and spending just keep growing.

You don't see it as practically possible. Totally get this and agree.

The thing is, maga republicans basically control the house. If democrats want to do anything at all in the next 2 years, they have to give them what they want. They made it clear what those things are.

Forcing the democrats to balance the budget will be beyond disruptive for the next 2 years on its own.

Re: Ask HN: How to best take advantage of the coming recession?

#73

Post by red-iron-pine »

roland35 wrote: post #62
opportune wrote: post #59

Earlier quoted context omitted.

Regarding living below your means. For a lot of people their default mode if they don’t stop themselves is to spend almost as quickly as the money comes in. For people raised in a culture (be it family or larger) of saving and living below your means, who then get good jobs, I think the problem can easily become reversed where you are so attuned to the time-value of money and frugality that you become a bit miserly.…

Exactly this. Saving is very important, but also spend money on things that are meaningful to you now.

You could get hit by a bus tomorrow. I know people who died of cancer at 34.

Plan for the future, but it may never come. Or we might hit Japanese "stagflation" and returns are flat.

Make smart choices, but don't forget to live.

Re: Ask HN: How to best take advantage of the coming recession?

#75

Post by eadmund »

Mandatum wrote: post #45
0xmarcin wrote: post #37

Earlier quoted context omitted.

Potential is great, but so is the risk. For example consider this: apartments in Kiev are now priced at about 50% of their usual price, you may buy one. Now hypothetical scenario: in the Spring there is an Russian offensive on Kiev and your investment is destroyed, you have $0 in that case. I think investing and war are very very bad companions. If you want to _invest_ your cash you should avoid too risky moves. On t…

https://en.wikipedia.org/wiki/KyivNotKiev

The English word for the capital of the Ukraine (not ‘Ukraine’!) is ‘Kiev,’ just like the English word for the capital of Italy (not Italia!) is ‘Rome,’ not ‘Roma,’ or like the English word for the successor state to the Ottoman Empire is ‘Turkey,’ not ‘Türkiye.’ There’s no need to use a foreign language’s words for the names of places where that language is spoken.

Using the correct English word ‘Kiev’ in no way is any form of support for Russia’s evil war; it is simply a form of support for … correct English.

Re: Ask HN: How to best take advantage of the coming recession?

#78

Post by dang »

roflyear wrote: post #67
drbeast wrote: post #66

Earlier quoted context omitted.

[flagged]

[flagged]

Please don't respond to a bad comment by breaking the site guidelines yourself. That only makes everything worse.

You did it repeatedly in the current thread, and we already had to ask you this just recently: https://news.ycombinator.com/item?id=34168712. Please stop doing this.

https://news.ycombinator.com/newsguidelines.html

Re: Ask HN: How to best take advantage of the coming recession?

#80

Post by roflyear »

dang wrote: post #78
roflyear wrote: post #67

Earlier quoted context omitted.

[flagged]

Please don't respond to a bad comment by breaking the site guidelines yourself. That only makes everything worse. You did it repeatedly in the current thread, and we already had to ask you this just recently: https://news.ycombinator.com/item?id=34168712 . Please stop doing this. https://news.ycombinator.com/newsguidelines.html

If you want to ban me, fine, but if someone suggests that vaccines (proven to help people and save lives) is a hoax, I'm not going to just stand around.

I'll try to be less rude, but I'm not cursing the guy out or something.

Sometimes, I think, if this was the context of WW2 you'd rather we just ignore the Nazis.

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