Correct. The majority of those who have said things will badly tank, have been saying it for the last eight years. And it still hasn't happened.

 

even the car companies thought the market would tank during covid, and it didn't!

 

We certainly moved past the worst of COVID and financial impact. But still far from normal. Your booking should reflect this well too.
Being positive is great and we should. That's the push to get things going back normal. But I'm still skeptical considering what's going on. If one pays attention, what has happened in China should concern us. Why is it still very bad over there? What is being done to prevent all that from coming here? I'm not aware of anything going. So yes, I want to be positive and optimistic for a better future. But things can turn around anytime. So limiting/reducing spending is not a bad move this time IMO.
We've come back from the worst or are on the way coming back to normal but far from bounce IMO. And yes, that's not just in NY.

 

Totally agree.

And look at my industry. We thought we were done...and we weren't.

The right thing to do is to plan for the worst, and hope for the best. I'm not going out and making any large purchases either until we see what 2023 is going to look like.

 

I think you’re at a point in life and career where you can be comfortable and I assume others also on CL but unfortunately that is not the norm for most in America for whatever reason.
Young ppl especially are saddled with enormous debt from student loans. Since Covid they have not had to make any payments on BILLIONS of dollars, when will that deferment end? Do these ppl even remember they have these loans or budget for them in their current spending- probably not.

The Crypto space is highly speculative and you can believe that plenty of Hedge funds, banks, and other investment funds got their greedy hands way in there.

BTW i just read today Goldman is letting go 8% of their staff - usually they are pretty good at predicting of what’s coming.

 

The housing industry is completely messed up. Houses are now an inflated asset. Add in to the problem of a housing shortage coupled with a self-inflicted worldwide energy crisis and people who have decent salaries can not longer own homes. Consumer debt is increasing. Credit rates have jumped. Car payments have jumped.

Just adds to inflation. I can't believe so many people can't see this. If you let someone not pay their loan back, that $$$ they had to pay the loan is just going to go to buying more stuff....just fuelling inflation

 

I beg to differ...

https://www.penntoyota.com/inventory...skfc7ps080568/

Somehow they spelled Stupid price with Smart price? Maybe I'm the uneducated one.

 

Yea but there's not vaccine for greed. Once the dealers tasted stupid money...its a terminal disease.

 

I’m not believing the apocalyptic view shared by some posters here either. It’s hard for me to understand why people are so eager to equate this to 2008 conditions and are expecting similar outcomes.

 

but this thread is