https://www.foxbusiness.com/money/government-deficit-984b-highest-treasury
It seems that federal spending is nearing an amount that was viewed as an extreme stimulus amount less than 10 years ago. Any yet there are regular press reports about an up coming economic downturn. Is there any precedent for this? And what fiscal steps, if any, can the federal government take to further stimulate?
"The dynamic of the pullback in 2020, influenced by lack of supply, negated the need for outsized discounting, suggesting a faster recovery particular in light of what we believe to be notable pent up demand. We also see changes in advanced reservation systems and annual pass programs leading to better yield management."
https://preview.redd.it/yymm2ynw7tn61.png?width=3400&format=png&auto=webp&s=b3b503781a00fa9fdd27bb213d5dc4b7eba32ad9
A few people have been mentioning changes at my company to save money. Things that were profitable months ago are no longer profitable.
As a contract employee, I will be first to go at the sign of economic downturn.
I am an engineer and currently have 4 months of mortgage saved up, and my wife has a profession in medical. I believe we will be fine, but I'm looking to prep for the worst.
I expect one day in the future, most people will be terminated, and I will be looking for a new job, the same day everyone else is. What happens then?
How long does it take people to find new employment, even at a reduced pay-rate?
I was looking at the astounding amount of older drivers we still have in the cup field, and the large amount of underwhelming younger to mid career drivers that are out there right now, and my brain immediately went to money.
Allowing for drivers already in the pipe to cycle out, I looked at cup debuts starting in the 2010 season. I could have gone straight to the recession, but the only noteworthy rookie in that time is Joey Logano anyway. Besides the "Silver Spoon/2nd Gen." drivers, who have not really been disappointments by any means, the talent just hasn't been there in the last few years, until the economy started recovering recently and grassroots driver development has started to come back, IMO the catalyst for new top prospects like Erik Jones, Daniel Suarez, I'd argue Brennan Poole, Daniel Hemric, Christopher Bell and I'm sure I missed a few others.
Here are the ROTY standings for the last few years, not great classes overall. A few standouts, but the TL;DR of it is that if a driver donesn't have the money to race enough locally, and the race teams don't have the money or sponsors to fund you, you're gonna end up with weaker (but richer) competition through the ranks. 2016
Just comparing these classes to the ones from when we were flying high back in like 2003-2007 and there's significantly more quality drivers to choose from. Maybe I'm cherrypicking and totally wrong, but I think it's interesting to say the least.
Including the roles that Wall Street, the banks, and the government had to do with it.
Just in case everyone has been living under a rock. http://en.wikipedia.org/wiki/Late-2000s_financial_crisis
Interested in hearing your story as there wasn't much media reporting on the situation after the economy started to recover.
What happened that caused you to move there? How long were you there? What was life like there? Was any support or relief provided by local non-profits or government?
It was a single panel comic with a dad speaking with one or two kids sitting in a desolate wasteland around a campfire. There may have been a mushroom cloud in the background. Underneath the picture, there's a caption of him saying something like, "sure we brought on the collapse of makind, but we really created value for investors for a while"
The caption was better than that, but that's the just of it. It was really popular for a while seevral years ago, but I can't think of the right search terms to find it.
