OK, if you ever read the non-BMX posts on this blog, you know I've been watching for the signs of the next recession, which will likely be pretty freakin' gnarly. But recessions also open up a lot of opportunities for new businesses. At the moment now, Friday, Oct. 12, the stock markets are bouncing back a bit from huge drops the last couple of days. This is what the start of the next recession will look like. But is this it?
If the big stock drops of recent days, the rising interest rates, political lunacy in Washington D.C., and/or crazy geo-political factors put some major businesses in sketchy positions, then we're probably looking at the start of the next recession. If everyone weathers this market downturn well, then it's a much needed market correction. Here are some of the keywords that you'll likely start seeing in the news a lot if things are going to get worse:
Student loans/student loan debt load
Student loan defaults
SLABS - student loan asset backed securities
Toxic assets
Deutsche Bank (Huge German bank that's been struggling in recent years)
Fannie Mae
Sallie Mae
If you start seeing these words popping up time after time in the news, it's a good sign the next recession is pretty much here.
By 2023, nearly 40% of borrowers are expected to default on their student loans." - This CNBC article
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