Arvind9 wrote: Wait sometime dont be in a hurry,some prominent US economists see negative factors and think there will be a global recession by the end of 2020,naturally many people will loose their job like in the 2008 recession,sites like Clixsene will again become attractive money making sites,take a long term perspective before making a decision.
This post dates a few months but it is worthy of a reply and rant
So the fear mongering left wants the world to believe we will be plunged into a deep depression and that only few will survive, so I guess this is the Apocalypse then, we are all doomed right ? Fear mongering aside, recessions seem to happen in cycle, I would hope that the upcoming one, IF there is one, will not be as bad as 2008 and short lived.....The whole recession thing is a big fat SCAM ! It is the work of individuals who look to profit big money from recessions by making it really happen, on the backs of the people who work to save their money - A recession does NOT have to happen, but when corruption & deceit are at play, anything is possible. Corporate greed and narrowing of middle class doesn't help - things are getting more and more expensive because companies want MORE profits on top of the billions of profits they already make those ungrateful f**** ! So they pass on the cost to consumers, consumers don't see their income grow, so they consume less. Housing is another big fat SCAM, values are over inflated and RIDICULOUS, old shoddy homes that need $200k remodels are being sold for inflated prices, this is ridiculous - unless you are super wealthy, you cannot afford a home and must live in a cardboard box called an apartment, and the worst shithole will cost cost you over $1k............So governments and greedy corporate greed, banks, fake news, fear mongering, etc, all contribute to this process leading to recession, and during a recession the wealthy can still make a boat load of cash !!!!! but the regular citizen, stands no f****** chance - and if you have been enjoying good returns on your 401k, your nest egg that will ensure you will be able to wipe your own bum at a certain age and live in dignity, will all be crushed to smithereens - Those people still working and have so many years ahead of them to retire should not worry......but those nearing retirement or already in it, well tough luck, that will be a clusterf*** to people's nest egg. Of course the healthy and instigators of this SCAM will have the buying power to get in on the LOW market and make millions out of this whole scandal. This is what's going to happen. Greedy banks, Greedy Federal Reserve, greedy business who run their pie holes despite the billion of NET profits they make y2y, are not helping matters.
As far as the comment that a recession would be good for this site, I disagree 100% with this. This site, as did CS, relies entirely on 3rd part for income. Publishing tasks is fairly expensive - Publishing surveys on platforms is quite expensive too, during recessions, there are big cuts to spending, the scenario that might happen is that you will find more people online seeking work, but less work, so the dilution will sky rocket, and this will mean less work, as it would be impossible for the work to keep up with the demand, this is economics 101.... Though it is still business as usual during a recession, but slow.....and cuts are inevitable....
Nobody wants a recession and to see their savings shatter to pieces, but when it does happen you can thank the greedy business model and scam machine.