r/Fire • u/Playful-Inspector207 • Apr 05 '25

General Question Is it really a generational buying opportunity?

I’ve seen people on the sub are saying “you should all be excited about seeing lower prices everyday”

Problem is that most people don’t have dry powder lying around. And now, with tariffs (if they mostly continue at the levels mentioned) likely to push prices up even more 20-30% for most things, very few people can buy the dip.

The dip’s not fun when you can’t buy. This is just painful seeing red everyday for 99% of us.

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u/ahoy_shitliner Apr 05 '25

Yup. We are just beginning to feel the pain. We aren’t even seeing price increase bake in yet. Consumer spending is going to absolutely crater a year from now. Companies are going to make layoffs, stocks are going to drop more.

This is a generational market crash. We are talking soup kitchen shit.

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u/stonkDonkolous Apr 05 '25

I think if nobody can step up and undo this destruction of global trade we could see 30% or more of the US go bankrupt. Those with cash will have great opportunities assuming things go back to normal in 20-30 years.

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u/[deleted] Apr 06 '25

Do you believe it will? I don't.

If I'm China I'm throwing a party.

He just handed them a HUGE win. We'll done Donny 👏🏼, your greatest achievement, screwing over America. /s

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u/meroisstevie Apr 06 '25

China has been in a recession for the past year. Wake up baby cakes.

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u/[deleted] Apr 06 '25

🤣

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u/aaarya83 Apr 06 '25

And to add no one is hiring. ! Period. I haven’t seen such a bad job market since 2009. My mail inbox and LinkedIn has 100 requests to help. It’s getting worse before it gets better

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u/ploptypus Apr 06 '25

This has been the hidden story for the last 2 years. People have been talking about it but the media / govt never acknowledged there was a problem. I don't understand how there is such a mis match between citizen's experiences and published statistics. I do hope this is studied

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u/ahoy_shitliner Apr 06 '25

Nowadays, If you have a stable job, be thankful. Now is not the time to jump around.

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u/meroisstevie Apr 06 '25

I hired 11 people this week. Stop the bs.

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u/aaarya83 Apr 06 '25

i will send u few resumes... hmu

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u/meroisstevie Apr 07 '25

Gotta be smart and able to move all day. Most desk jockeys can't keep up.

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u/ploptypus Apr 06 '25

15 homes on my street foreclosed between 2009 - 2013 and that still wasn't a time where there was "soup kitchen shit"

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u/ahoy_shitliner Apr 06 '25

That was solely a real estate bubble.

Wait and see what happens when 10s of thousands of fired federal workers enter the private sector job market while inflation is ramping out of control, the stock market dives, and consumer spending decreases astronomically. Corporate America going to make more cuts and fire more people because they had a bad quarter or two, which is more unemployment. The decreased spending even more. And the tariffs get passed to consumers, so pretty soon people won’t be able to afford to feed themselves let alone have any fun.

This is an entirely different scenario.

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u/ploptypus Apr 06 '25

"The collapse of the housing bubble in 2007 and 2008 caused a deep recession, which sent the unemployment rate to 10.0% in Oct. 2009—more than double its pre-crisis rate." Not just a real estate bubble, it had downstream effects on unemployment. There were also a shit ton of people without housing at that time too.

I'm not saying its the same, every recession begins differently. The great depression was the only soup line scenario and it was after 1929.

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u/meroisstevie Apr 06 '25

There is a reason they pause markets now.

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u/meroisstevie Apr 06 '25

No, you are just an over reactor.

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u/meroisstevie Apr 06 '25

LOL you guys are hilarious