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CU Medallion [20426]
TigerPulse: 100%
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Joined: 2002
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Economic downturn?
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Aug 5, 2024, 6:26 AM
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With the rise in unemployment and major companies announcing layoff plans this past month, the petro-dollar being dissolved, the Nasdaq dropping 8% over the last 3 days, the DOW dropping 4, the S&P dropping 5% and bitcoin, Gold and all other investment markets hitting a steep downward turn are you concerned for a recession(or depression God forbid)?
Will any of this affect your planning to attend Clemson games or tailgating expenditure?
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Commissioner [1233]
TigerPulse: 100%
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Re: Economic downturn?
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Aug 5, 2024, 6:36 AM
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Not really. The stock market doesn't really impact my economic viability, and I work in an industry that isn't bulletproof, but is a necessity. I work at a hospital, there's always a need for us.
It does however affect my retirement plans, possibly.
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Orange Immortal [65930]
TigerPulse: 100%
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Joined: 2008
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Re: Economic downturn?
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Aug 5, 2024, 7:32 AM
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Already reached retirement age and still working (at least part time) and have monthly "old man income" coming in at least until the economy totally collapses so being at games depends solely on health.
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CU Guru [1589]
TigerPulse: 91%
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Re: Economic downturn?
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Aug 5, 2024, 7:31 AM
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No
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Hall of Famer [8298]
TigerPulse: 100%
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Re: Economic downturn?
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Aug 5, 2024, 7:53 AM
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I prefer TV for games, but it may limit some other purchases. I have a bad feeling about the market. The economy will slow of course. The market will take a hit. There is also a lot of uncertainty in the world, so I will just be more cautious.
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Legend [7097]
TigerPulse: 100%
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Re: Economic downturn?
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Aug 5, 2024, 9:47 AM
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Same. We've had season tickets since I was 12, and I'm 33 now. Would much rather watch on TV and not have to deal with traffic and the inevitable drunk idiots. I'll still go to about 2 games a year. Typically the smaller games against Furman and such. Now baseball is a other story. I enjoy going to baseball games.
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Campus Hero [13735]
TigerPulse: 100%
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Re: Economic downturn?
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Aug 5, 2024, 7:55 AM
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Careful Tigersense®. There are some on here that get awful touchy when you mention the economy.
If they're still in denial they should look at the futures today.
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Athletic Dir [1169]
TigerPulse: 91%
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Something seems to be unwinding in Japan that broke, fears it can spread but
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Aug 5, 2024, 9:11 AM
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only time will tell. Jobs still being created, market still up 1 year big and YTD. Things can turn quickly but they havent yet.
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Game Day Hero [4512]
TigerPulse: 100%
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Re: Economic downturn?
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Aug 5, 2024, 9:28 AM
[ in reply to Re: Economic downturn? ] |
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Well the ones that destroyed it are the ones that like to take credit for it coming back. I think we should all believe Kamala saying she's putting the Economy first and will get it back going, along with securing the borders! She's giving us plenty of reason to know she's telling the truth! haha...sadly some people will actually believe that.
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Orange Phenom [14661]
TigerPulse: 80%
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Joined: 1998
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Re: Economic downturn?
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Aug 5, 2024, 9:32 AM
[ in reply to Re: Economic downturn? ] |
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The Mole®
All-TigerNet [12607]
TigerPulse: 100%
Posts: 5343
Joined: 10/31/03
Re: Economic downturn? 5
Aug 5, 2024, 7:55 AM [ in reply to Economic downturn? ]
Reply
Careful Tigersense®. There are some on here that get awful touchy when you mention the economy.
If they're still in denial they should look at the futures today.
YEP I WOULD PERSONALLY LIKE TO THANK ALL YOU IDIOTIC DEMOCRATS FOR YOUR VOTE 4 YEARS AGO. HOW IS ALL THAT WORKING OUT FOR YOU. IT IS BEYOND MIND BOGGLING HOW YOU PEOPLE COULD HAVE VOTED FOR THIS.
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Athletic Dir [1169]
TigerPulse: 91%
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What in the world are you talking about? The stock market is going down
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Aug 5, 2024, 10:11 AM
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because largely of a yen carry trade unwinding, and it's the administrations fault? ISM manufacturing up today, GDP still growing and jobs still growing.
Yes, things can turn in the future but hasn't happened today.
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Dynasty Maker [3522]
TigerPulse: 100%
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Re: What in the world are you talking about? The stock market is going down
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Aug 5, 2024, 1:00 PM
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You can’t be serious…gas, groceries, housing, interest rates, utility bills…Deroberts has his crazy side, but he ain’t crazy about this. Americans are worse off today than they were 4 years ago and that’s NOT a political statement.
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National Champion [7888]
TigerPulse: 100%
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Re: What in the world are you talking about? The stock market is going down
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Aug 5, 2024, 9:28 PM
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Speak for yourself
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Head Coach [942]
TigerPulse: 78%
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Re: Economic downturn?
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Aug 5, 2024, 11:00 AM
[ in reply to Re: Economic downturn? ] |
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User Logo
The Mole®
All-TigerNet [12607]
TigerPulse: 100%
Posts: 5343
Joined: 10/31/03
Re: Economic downturn? 5
Aug 5, 2024, 7:55 AM [ in reply to Economic downturn? ]
Reply
Careful Tigersense®. There are some on here that get awful touchy when you mention the economy.
If they're still in denial they should look at the futures today.
YEP I WOULD PERSONALLY LIKE TO THANK ALL YOU IDIOTIC DEMOCRATS FOR YOUR VOTE 4 YEARS AGO. HOW IS ALL THAT WORKING OUT FOR YOU. IT IS BEYOND MIND BOGGLING HOW YOU PEOPLE COULD HAVE VOTED FOR THIS.
Well, the dow is only up about 40% in the last 4 years. My company just had its fourth straight year of 20% revenue increase over the year before. Unemployment is still at crazy lows. Doing pretty good here. Based on your all caps, I see you're still pretending to be wheeling and stealing from your employer
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Mascot [26]
TigerPulse: 77%
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Re: Economic downturn?
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Aug 5, 2024, 12:52 PM
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If only the 2020 Election was not "stolen", the stock market would be up by 80%, your company would have had 40% revenue increases, unemployment would been Zero, all The Blacks Jobs would not have been stolen, no more drug overdoses, middle east issue would have been resolved ... tell when to stop.
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Gridiron Giant [15634]
TigerPulse: 100%
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Joined: 2016
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Re: Economic downturn?
Aug 5, 2024, 8:15 PM
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A gold star, you figured it out.
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Head Coach [942]
TigerPulse: 78%
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Re: Economic downturn?
Aug 5, 2024, 10:09 PM
[ in reply to Re: Economic downturn? ] |
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If only the 2020 Election was not "stolen", the stock market would be up by 80%, your company would have had 40% revenue increases, unemployment would been Zero, all The Blacks Jobs would not have been stolen, no more drug overdoses, middle east issue would have been resolved ... tell when to stop.
Lord, please don't stop. I truly needed a good laugh!
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Dynasty Maker [3522]
TigerPulse: 100%
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Re: Economic downturn?
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Aug 5, 2024, 1:01 PM
[ in reply to Re: Economic downturn? ] |
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Revenue increase means nothing in 2024. Everybody has revenue increases if you’re a small business owner because of inflation. And very likely have a smaller margin than 4 years ago.
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MVP [525]
TigerPulse: 99%
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Re: Economic downturn?
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Aug 5, 2024, 1:32 PM
[ in reply to Re: Economic downturn? ] |
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Go back to pre-Covid and re-calculate your numbers. The “40%” growth in the Dow is more like 10% after the self induced recession the govt imposed on the economy 2020-2023. Also index your gross revenues over the past 3 years to pre-pandemic & rate of inflation. Also understand at least 15% of the increase in the Dow and your company revenue is directly related to inflation (costs of goods/services increase with inflation so does revenue). Now ask your employees how much real income they have lost in the past 3 years. Unemployment rate is based on who’s looking for a job and many have just given up. It’s gonna be a hard fall.
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Orange Elite [5552]
TigerPulse: 86%
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Re: Economic downturn?
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Aug 5, 2024, 8:05 AM
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Several manufacturing facilities in the Greenville area, one with 400 employees and one with close to 1100 are moving either all or 90% to Mexico. One is at the 3rd of 4 planned layoffs and the other has sent around 300 jobs already with the rest going in early 2025 thanks to John Deere and their partial move out of Iowa/Illinois to Mexico
It’s coming, and if the housing market follows , lots of homes that were overvalued by 20% or more 2 years ago will suddenly run the risk of having a 2008 all over again
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Heisman Winner [78880]
TigerPulse: 100%
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Posts: 36483
Joined: 2003
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It's Ross Perot all over again.
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Aug 5, 2024, 8:07 AM
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He wasn't wrong about that "Giant sucking sound" of jobs disappearing to Mexico.
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Hall of Famer [8298]
TigerPulse: 100%
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Re: It's Ross Perot all over again.
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Aug 5, 2024, 8:11 AM
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He was definitely a visionary.
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TigerNet Elite [73514]
TigerPulse: 100%
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Joined: 1998
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Re: It's Ross Perot all over again.- I heard him speak once
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Aug 5, 2024, 9:37 AM
[ in reply to It's Ross Perot all over again. ] |
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very interesting speaker. Also heard Dr Kissinger once. He was much more down to earth than you would imagine.
I always wondered what was up between Perot and Bush. There seemed to be something personal
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Head Coach [954]
TigerPulse: 100%
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Re: Economic downturn?
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Aug 5, 2024, 8:52 AM
[ in reply to Re: Economic downturn? ] |
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Several more are growing significantly, the issue in the upstate is the labor pool, its way too thin. Companies with small margins can’t compete in it when automotive is playing $23+ /hr starting for temps
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Athletic Dir [1169]
TigerPulse: 91%
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2008 happened because people were wildly over leveraged, and buying no-doc
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Aug 5, 2024, 9:17 AM
[ in reply to Re: Economic downturn? ] |
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loans for 2nd homes and real estate investments. Doesn't seem to be the case these days. Sales have not been robust while mortgage rates were high, so many many people are in with much higher equity in their homes and manageable mortgage rates.
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National Champion [7853]
TigerPulse: 100%
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Yep - Not to mention a housing supply shortage compared to 2008
Aug 5, 2024, 1:10 PM
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what’s going on now and then are not comparable
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National Champion [7458]
TigerPulse: 100%
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Re: Economic downturn?
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Aug 5, 2024, 8:23 AM
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Just wait til the real estate bubble bursts.
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Hall of Famer [8298]
TigerPulse: 100%
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Re: Economic downturn?
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Aug 5, 2024, 8:27 AM
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I am glad I have a low interest rate. It is still cheaper than renting. That said, I bet we will be seeing a shyatt load of foreclosures next year.
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Athletic Dir [1169]
TigerPulse: 91%
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So you see a massive climb in the unemployment rate thenthat's the only
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Aug 5, 2024, 9:27 AM
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way it would happen. And if you're right, it will be a slow and gradual climb back up because many menial tasks wills be figured out via AI over the next 24 months so those jobs will be filled with software.
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National Champion [7458]
TigerPulse: 100%
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Re: So you see a massive climb in the unemployment rate thenthat's the only
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Aug 5, 2024, 9:48 AM
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A lot of people have been tapping into their home equity so it will be interesting to see what happens if layoffs ramp up.
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Athletic Dir [1169]
TigerPulse: 91%
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I wouldn't have done it at the current rates, but to each their own.***
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Aug 5, 2024, 10:13 AM
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Ring of Honor [22971]
TigerPulse: 100%
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Joined: 2007
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Re: Economic downturn?
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Aug 5, 2024, 8:41 AM
[ in reply to Re: Economic downturn? ] |
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That might not be so bad for the younger folks who can't afford to buy a house right now. I bought mine in 2012 at a huge discount, thanks to all the foreclosures.
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Ultimate Tiger [37848]
TigerPulse: 100%
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Posts: 10486
Joined: 2015
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Re: Economic downturn?
Aug 5, 2024, 5:54 PM
[ in reply to Re: Economic downturn? ] |
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Yep it’s coming. Market has gone insanely crazy. Fortunately locked into a good rate.
A few of these posts in thinking our economy is strong must live in another country. Can’t hire any good help, and all the good employees are older and are retiring. Can’t imagine what my work place will look like in 10 years but it definitely is not trending in the right direction.
Unemployment numbers are skewed and some folks are taking credit for jobs lost during COVID. Average person has no clue what is going on.
Grocery bill is getting stupid and most of the stuff I buy says it’s made in China.
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Clemson Icon [27024]
TigerPulse: 100%
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Posts: 12774
Joined: 2014
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Re: Economic downturn?
Aug 5, 2024, 9:42 PM
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I left the food manufacturing industry at the end of 2019 and fully retired last year. I talk to people I know in manufacturing and they say the labor situation is the worst they have ever seen. I am so glad I got out when I did.
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Associate AD [1081]
TigerPulse: 78%
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Re: Economic downturn?
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Aug 5, 2024, 8:34 AM
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I haven't been to a game in about 7 years. The market has apparently just become aware of what we mere mortals have been experiencing for 2 years, now. Nikkei already down 12 pct. With no mortgage and zero debt, and far too much cash, gold and silver ... uh ... on hand, the Biden/Harris economy is about to roost! I'll just sit back and say, "I told ya' so!". Very sad!
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Hall of Famer [8298]
TigerPulse: 100%
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Re: Economic downturn?
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Aug 5, 2024, 8:36 AM
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To be fair, it would have been similar whoever was president. This is a global issue and has been. Anyway, it sounds like you are in good shape. Nice work!
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MVP [525]
TigerPulse: 99%
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Re: Economic downturn?
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Aug 5, 2024, 3:06 PM
[ in reply to Re: Economic downturn? ] |
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If Harris wins her administration will likely just keep doing what Biden’s has done the past 3 years: keep printing money & dumping it into the economy! That bubble will burst sooner or later and the consequences will be devastating - much like the Weimar Republic in post-WWI Germany. Which IMO is exactly what they want to happen. Destroying the currency and along with it the middle class is the first step to bringing down a free society
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Head Coach [954]
TigerPulse: 100%
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With the cost of streaming
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Aug 5, 2024, 8:53 AM
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Services these days one could argue it’s cheaper to attend in person and sit in the upper corners
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Game Changer [1834]
TigerPulse: 98%
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Re: Economic downturn?
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Aug 5, 2024, 9:01 AM
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Would suggest this is a planned down turn. Past 3 years plus has been planned to drain folks with high pricing. Next up most likely rate cuts and dropping pricing ( primarily gas pricing) for the same folks to stay in power then the next plan to drain everyone again. The old European Monarchy is still alive and well, just under different name. Will wait and see what happens moving forward. Until then GO TIGERS
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Hall of Famer [8298]
TigerPulse: 100%
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Re: Economic downturn?
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Aug 5, 2024, 9:05 AM
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It's not planned. That's ludicrous.
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Tiger Spirit [9775]
TigerPulse: 55%
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Joined: 2006
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Re: Economic downturn?
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Aug 5, 2024, 9:29 AM
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All you have to do is go to restaurants and shopping areas in South Carolina and it will be apparent that the economy is alive and well. Companies like Intel that announced layoffs are driven by market prices and bottom line earnings. Corporate America is all about making more money today than you did yesterday and when you don't changes are made.
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CU Guru [1538]
TigerPulse: 100%
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Re: Economic downturn?
Aug 5, 2024, 8:05 PM
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Credit cards.
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Valley Legend [12893]
TigerPulse: 100%
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Posts: 12643
Joined: 2001
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Re: Economic downturn?
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Aug 5, 2024, 10:08 AM
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Yes. I'm not going to scrimp and scrape by to watch professionals who can come and go as they please, whenever they please.
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Orange Phenom [14544]
TigerPulse: 100%
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Posts: 10502
Joined: 1999
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Just a reminder...
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Aug 5, 2024, 10:49 AM
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The broad brush you paint with largely doesn't apply to the kids at Clemson.
1) I can't actually name a transfer on this year's team.
2) We know Dabo doesn't use NIL to get kids to commit to Clemson, they are rewarded after being in the program and contributing.
3) We're not like many other schools and paying gobs of money to our kids.
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Valley Legend [12893]
TigerPulse: 100%
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Posts: 12643
Joined: 2001
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You are exactly right about that. Sometimes I need the reminder.
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Aug 5, 2024, 11:12 AM
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The majority of the teams we play are, but we largely are not at least.
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Orange Phenom [14544]
TigerPulse: 100%
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Posts: 10502
Joined: 1999
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Respect!
Aug 5, 2024, 10:46 PM
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I feel the same way sometimes myself too in a general sense.
What helps is when we beat other schools spending more than us. LOL!
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Walk-On [71]
TigerPulse: 100%
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Re: Economic downturn?
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Aug 5, 2024, 10:21 AM
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For now, it will not affect my spending at Twin Peaks, Greenville SC
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Orange Beast [6292]
TigerPulse: 100%
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Re: Economic downturn?
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Aug 5, 2024, 10:29 AM
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I looked into attending a game this fall but between decent tickets, hotel, food and gas I was looking at a couple grand. Hard to justify that kind of layout when i can watch it at home for free. The best part about the down years was being to grab a couple of good tickets for $100. Success is expensive! Lol.
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Orange Phenom [14544]
TigerPulse: 100%
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Posts: 10502
Joined: 1999
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Probably not
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Aug 5, 2024, 10:43 AM
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I'll still try to make it to 2-3 games this year.
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Clemson Sports Icon [56249]
TigerPulse: 100%
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Joined: 2019
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Re: Economic downturn?
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Aug 5, 2024, 10:50 AM
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I'm good...
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Asst Coach [877]
TigerPulse: 99%
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Re: Economic downturn?
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Aug 5, 2024, 11:43 AM
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Unemployment is at its highest rate since 2021, the stock market had its worst day since 1987, groceries are up an average of 53%, gas is up over 1.50 a gallon on average, the national reserve is depleted, the Middle East is on the brink of war. All of the jobs that were so called created were jobs that came back after Covid. Retirees have had to come out of retirement and get jobs to survive due to inflation. The average monthly rent/house payment is up from $1000 a month to $2,500 a month. All of this was co wrote by Camilla and her band of cackling idiots. #### she can’t even keep staff and has massive turnover in her office because of how she treats people. She ranked 100th out of 100 senators and was named the most liberal senator over Bernie Sanders. How could anyone think of voting for this idiot is beyond me. This country needs help and needs to turn back to God! I pray for peace and that my son’s don’t have to fight someone else’s war like I did. Better get it together and realize these politicians only serve themselves especially the democrats. We need to secure our border and take care of our own people.
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Varsity [206]
TigerPulse: 100%
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Solid Orange [1386]
TigerPulse: 93%
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Re: Economic downturn?
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Aug 5, 2024, 11:37 AM
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The increase in the cost of absolutley everything has certainly impacted optional spending. We've cut alot of extras. I used to attend at least two Clemson games, two Nascar races and one professional sports event (usually a Patriots game) every year. I have not done any of those things in the last 3 years nor do I spend money on related merchandice. I am arm chair sports fan now and beginning to ask myself why I would wipe out an entire Saturday afternoon and evening watching college football.
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Hall of Famer [9046]
TigerPulse: 100%
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Re: Economic downturn?
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Aug 5, 2024, 1:44 PM
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Kackles Kamala voters will tell you this is the best economy that's ever existed
It's not...stock market is finally catching up with what average middle class people have been feeling for years under the Harris administration.
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Hall of Famer [8598]
TigerPulse: 100%
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Joined: 2003
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Its a KALAMATY***
Aug 5, 2024, 6:01 PM
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Rival Killer [2643]
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Re: Its a KALAMATY***
Aug 5, 2024, 6:27 PM
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It’s Que Mal or in Spanish how awful for Kamala.
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Orange Elite [5238]
TigerPulse: 99%
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Re: It could be Khlamydia.
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Aug 5, 2024, 8:46 PM
[ in reply to Its a KALAMATY*** ] |
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I'm sure she's itching for the office.
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Game Changer [1659]
TigerPulse: 81%
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Re: Economic downturn?
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Aug 5, 2024, 6:32 PM
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Nope. My family (2 tiger Alumni) stopped going 5 years ago. We host watch parties and do go to 1 road game per year. Clemson ticket prices are over the top. Wake, Louisville, Duke are all much cheaper and the trip is a nice treat for us.
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All-In [10812]
TigerPulse: 100%
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Joined: 2013
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Re: Economic downturn?
Aug 5, 2024, 8:59 PM
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no, money is not the limiting factor, just cant walk as far and cant see very well after dark lol
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National Champion [7888]
TigerPulse: 100%
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Re: Economic downturn?
Aug 5, 2024, 9:26 PM
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Nope, I made a bundle shorting the S&P
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Orange Elite [5464]
TigerPulse: 100%
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Re: Economic downturn?
Aug 5, 2024, 9:33 PM
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not really. Stock market is just a correction. It was due and overdue. Market is still up ten percent for the year.
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Clemson Icon [27024]
TigerPulse: 100%
54
Posts: 12774
Joined: 2014
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Re: Economic downturn?
Aug 5, 2024, 9:53 PM
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We will still attend home games. Not sure about playoff travel if that comes up. Retired last year. Bought our house in late 2019 and have a very good interest rate so our home equity is making money for us. Market fluctuations won’t affect our retirement income unless something like a total collapse happens.
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Tiger Spirit [9967]
TigerPulse: 95%
44
Posts: 11619
Joined: 2003
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Re: Economic downturn?
Aug 5, 2024, 10:36 PM
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We watch the games from the comfort of our home so no impact to our football viewing at the moment
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