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Thread: Dow Jones drops 800 points

  1. 15th August 2019, 07:10 AM #1
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    Dow Jones drops 800 points

    Sorry to be the bearer of not so good news, tighten your belts gents, could be a bumpy ride.

    Dow Jones falls 800 points, 3 per cent, after bond market sends US recession warning
    I’m pretty sure the dinosaurs died out when they stopped gathering food and started having meetings to discuss gathering food

    A bookshop is one of the only pieces of evidence we have that people are still thinking
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  2. 15th August 2019, 07:57 AM #2
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    Are we headed for recession?

    The figures that are worrying for so many economists
    I’m pretty sure the dinosaurs died out when they stopped gathering food and started having meetings to discuss gathering food

    A bookshop is one of the only pieces of evidence we have that people are still thinking
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  3. 15th August 2019, 09:45 AM #3
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    While technically we aren’t in Recession (yet) I think a lot of people feel like we are and have been for a while - and know one is coming. I don’t think that is a surprise to anyone unless they’re living under a rock.
    If you need to contact me please email homestarrunnerau@gmail.com - thanks - Gav.
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  4. 16th August 2019, 07:23 PM #4
    crash
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    People have slowed down their rate of spending since the GFC. I am curious to see what the rate / % of personal savings have changed since the GFC. New car sales are down this year and real estate has slowed down and in most major cities has actually gone backwards
    Since the Royal commission into banking the banks have tighter rules governing the amount of cash they have to hold to facilitate loans and it is harder for the general population to get loans as compared to 12months ago. This may also have had an impact on personal spending.
    At the end of July this year the ASX hits a record high - highest intraday level since 2007, which was pre GFC.
    Cost of living continues to go up and not everyones wages have kept up.
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  5. 20th August 2019, 07:07 AM #5
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    A slow down recession now will be worse than the last. Wages have not kept pace with cost of living and jobs are mostly casual with no sick pay, most can only dream of having paid holidays. As pointed out savings with workers are virtually non existent with living from one pay check to the next. The change has been insidious and has crept up the last 30 or 40 years.
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