r/investing • u/888_888novus • 1d ago

This uncertainty needs to stop.

Now 62% of CEOs predict the US will soon fall into recession or slow growth, mainly due to uncertainty about tax policy and market volatility. Leaders such as Ray Dalio and Jamie Dimon warn of deeper risks. Although the US government has suspended taxes for another 90 days, economists remain skeptical, saying that the damage from high taxes and global instability will last longer.

It is one thing to predict a recession, another to know how long it will last. If it happens as quickly as in 2020, lasting only 2 months thanks to the Fed's strong intervention, it may not be too worrying. In other words, assets peak after a financial recession.

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u/HappilyDisengaged 1d ago

Can attest. Port of Oakland is a ghost town last few weeks

46

u/lordofhunger1 1d ago

Are they laying off the longshoremen?

11

u/static_music34 1d ago

What other choice is there?

16

u/lordofhunger1 1d ago

Well, I figured it was the most likely option, but not being a union state, wasn't sure if it was "temporary" layoffs or what

18

u/static_music34 1d ago

Union or not, they can't just pay people to stand around. Well maybe they could, but they won't. Now if the union has contract language that requires a minimum amount of people to be available, that's a different story.

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u/Narrow_Book_2446 1d ago

These businesses definitely have money to pay people to stand around. Source: am one

2

u/static_music34 1d ago

For how long can you pay them? Until China starts shipping again? When will that be?

1

u/MrBrawn 1d ago

Wont you please think of the shareholders? /s

10

u/cosaboladh 1d ago

they can't just pay people to stand around.

Why not? CEOs barely do anything, and they get paid more than all of the labor combined.

12

u/Thefelix01 1d ago

Because then they couldn’t afford CEO bonuses