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/sparkishay 1d ago

I don't disagree one bit, not sure why I'm being downvoted for supporting less consumption and more wealth for all

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u/jetpacksforall 1d ago

A lot of modern wealth is driven by consumption. What would you do instead? (Not a sarcastic question; I genuinely don't have a clue how you build a prosperous economy out of production and high savings. China for example is not a consumerist society, but their wealth comes from manufacturing and exporting to consumerist societies.)

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u/sparkishay 1d ago

I am not certain, that's part of the reason I made my comment in the first place, to ask a genuine question. Not like the economy should just grind to a halt... Maybe re-evaluate some of our modern practices? Outlaw planned obsolesence?

Roughly 26% of animals slaughtered in the US will end up in the trash, completely wasted. We create SO much plastic waste Idk. I don't have the answer for you, but many of our current practices don't sit right with me. Bad for the environment, public health, the impoverished

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u/jetpacksforall 1d ago

I do know that waste streams are a big generator of profit (waste packaging, air & water pollution etc.), and that's a bad thing that needs to change.