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Amazon's Jeff Bezos in economy warning: 'Batten down hatches'

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Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'

#3
post #2

> Growth in the US has already contracted for two quarters in a row, a milestone that in many countries - though not the US - is considered a recession. this again :lol:

It isn't a recession unless it is from the recesso region of France, otherwise it is just a sparkling downturn.

Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'

#4
I’m losing money by keeping it in a savings account. I’m losing money by keeping it in a brokerage account. I don’t want to change jobs to get a higher salary because I fear getting laid off.

When there is no winning move, it definitely feels like a recession.

Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'

#5
post #4

I’m losing money by keeping it in a savings account. I’m losing money by keeping it in a brokerage account. I don’t want to change jobs to get a higher salary because I fear getting laid off. When there is no winning move, it definitely feels like a recession.

Depending on your time horizon, I-bonds could be good.

Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'

#7
post #2

> Growth in the US has already contracted for two quarters in a row, a milestone that in many countries - though not the US - is considered a recession. this again :lol:

Any other Chief executive and they would be getting roasted and hit in the news with Recession news and articles. But the current one for some reason, has less stickiness than "the Teflon Don."

Imagine Bush (shudder) or Clinton or Obama or Trump not getting roasted with Recessionary news... They all would have been at the receiving end of the bad news.

Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'

#8
post #4

I’m losing money by keeping it in a savings account. I’m losing money by keeping it in a brokerage account. I don’t want to change jobs to get a higher salary because I fear getting laid off. When there is no winning move, it definitely feels like a recession.

> When there is no winning move

That is the interesting thing, yes all assets are falling in value, but wages are rising. Its bringing back equality after years where hoarding assets was a great move.

Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'

#9
post #4

I’m losing money by keeping it in a savings account. I’m losing money by keeping it in a brokerage account. I don’t want to change jobs to get a higher salary because I fear getting laid off. When there is no winning move, it definitely feels like a recession.

Depending on your time horizon, I-bonds could be good.

$10k cap

Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'

#10
post #7
post #2

> Growth in the US has already contracted for two quarters in a row, a milestone that in many countries - though not the US - is considered a recession. this again :lol:

Any other Chief executive and they would be getting roasted and hit in the news with Recession news and articles. But the current one for some reason, has less stickiness than "the Teflon Don." Imagine Bush (shudder) or Clinton or Obama or Trump not getting roasted with Recessionary news... They all would have been at the receiving end of the bad news.

At least with Clinton the budget was balanced and even ran at a surplus.
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