Home Forums Hunting & Shooting Hunter's Campfire U.S. heading toward recession ?

That's because groceries are so high and the price difference between cooking at home and going out are becoming negligible, might as well not have dishes to clean while at it. As long as food and service is good at a halfway affordable price any restaurant should be killing it right now. Folks are still in the I wanna get out of the house mode after 2 years of lockdown. Then take in consideration credit card debt is at a all time high. But at some point, folks are gonna run out of money and credit.

Agreed. The Hershey area is insulated from the economy. Things are still booming here

Credit card debt is high because the majority of the population has zero financial literacy. In other words, people are morons when it comes to money.

The commercial real estate sector is a big trouble right now. We will see what the fallout of that is.

The massive influx to this area is keeping the local economy pretty strong. When the real estate up north crashes due to no one wanting their existing homes, it will finally catch up with us. Our rural land is being raped due to the demand. A bit of a cool down would be nice.

We are losing restaurants left and right.
Pretty much every non-franchised one has closed.
Older, nice places, owned by the same families for 40+ years. Only thing left is fast food, snooty expensive places, and Denny’s.

profits or income. I could easily see income. Profits I would find very hard to believe.

Odd that's reversed here. Most all the Burger Kings closed recently in the area.

With so many people "working" from home, I'd except that rental space in those big office complexes would be in low demand, but there is a section of former farm ground that Boys Town owned here in suburban Omaha where multiple large apartment complexes and large office complexes are currently under construction. When somebody comes up with a software package that can accurately track remote employee productivity, I think that the majority of those big "work in the office" buildings will go the way of the dinosaur.

You may very well be right with the massive rate cuts. I think, if Donald Trump is sworn in, one of the things he will do is make changes that bring manufacturing back home. The past 3 years it has left at a break neck speed. In my lifetime I've never seen a democrat encourage MADE IN THE USA.

It’s a combination of working from home and high interest rates. Commercial loans need redone every 5 or so years so a pile of loans will be redone at 9-11% interest. Regional banks are into commercial real estate like 40% so you will see a lot more bank failures as the commercial real estate collapse accelerates.

Is that post made in jest?

Same in this area. Many small businesses have folded recently

Not sure if this fits here, but every once in a while I get on Capitol ones Auto Navigator and browse cars. There is no credit impact. Anyways I notice right off that the lowest interest rate is 20% up to 24.99%. My score is the same it has ever been, and the last time I looked on here the rates were 4-7%, probably two years ago.

Is the working from home thing still that big? I do know a few people still working from home, but many I know have went back to work. Im speaking on a localized term, so curious if there is still many working from home all around the country

WOW! Who in there right mind would buy anything at that rate? That would make even a $10k car payment too much for alot of folks

6-7% for auto loans right now if you have good credit. Some manufacturers are offering lower rates.

They soften the payment by extending the loans. That 10k car payment is still 350/m, just for 4 years instead of 3.

It's an election year, so expect soft economic policies, such as rate cuts and government injections of capital, designed to keep the incumbent in office.

My CU offers 7.7% on a 9 year old car - a 10k loan over 3 years is about 300 a month. Or about 1/2 a week's pay at fast food wages.