Posts: 4,659
Threads: 425
Likes Received: 2,666 in 1,752 posts
Likes Given: 1,575
Joined: Jun 2018
Today GDP for the 2nd quarter of 2022 came in at -0.9%, which was the 2nd straight quarter of negative GDP growth, indicating a technical recession.
https://www.forbes.com/sites/jonathanpon...a02d33877b
Study.com – Get 10% Off: https://altcredit.click/study10
Degrees: BA Comp Sci; BS Business Admin (CIS); AS Nat Sci & Math — TESU (4.0 GPA)
Certs: Google (IT Support, Digital Marketing, Proj Mgmt); W3Schools PHP
![[-]](https://www.degreeforum.net/mybb/images/collapse.png)
•
Posts: 1,573
Threads: 76
Likes Received: 828 in 498 posts
Likes Given: 1,458
Joined: Apr 2021
07-28-2022, 11:57 AM
(This post was last modified: 07-28-2022, 11:57 AM by Vle045.)
I wanna know when we have hit rock bottom so that I can dump a bunch of money in my IRA.
•
Posts: 16,325
Threads: 148
Likes Received: 5,482 in 3,748 posts
Likes Given: 367
Joined: Apr 2013
(07-28-2022, 11:57 AM)Vle045 Wrote: I wanna know when we have hit rock bottom so that I can dump a bunch of money in my IRA.
Unfortunately, only Nancy Pelosi's husband has perfect timing, and he's not sharing. LOL
It's also hard to do because rock bottom of the recession and rock-bottom of any particular stock or the stock market in general aren't necessarily tied together.
TESU BSBA/HR 2018 - WVNCC BOG AAS 2017 - GGU Cert in Mgmt 2000
EXAMS: TECEP Tech Wrtg, Comp II, LA Math, PR, Computers DSST Computers, Pers Fin CLEP Mgmt, Mktg
COURSES: TESU Capstone Study.com Pers Fin, Microecon, Stats Ed4Credit Acct 2 PF Fin Mgmt ALEKS Int & Coll Alg Sophia Proj Mgmt The Institutes - Ins Ethics Kaplan PLA
•
Posts: 4,659
Threads: 425
Likes Received: 2,666 in 1,752 posts
Likes Given: 1,575
Joined: Jun 2018
Average earnings for the S&P 500 are still expected to be up 10% in the 3rd quarter of 2022. The stock market is still up with some exceptions for tech stocks such as Netflix (NFLX).
Normally in recessions, what happens is corporate earnings go negative, the stock market crashes, then there are layoffs, with the lagging indicator being GDP growth.
This recession looks like the housing market is taking a big hit with the higher interest rates.
https://www.axios.com/2022/07/28/housing...rates-jump
Study.com – Get 10% Off: https://altcredit.click/study10
Degrees: BA Comp Sci; BS Business Admin (CIS); AS Nat Sci & Math — TESU (4.0 GPA)
Certs: Google (IT Support, Digital Marketing, Proj Mgmt); W3Schools PHP
•
Posts: 180
Threads: 4
Likes Received: 106 in 67 posts
Likes Given: 49
Joined: Mar 2021
The article says the actual recession won't be called until early next year. It will be much sooner than that. The govt will admit we're in a recession on November 9th of this year.
•
