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You are here: Home / Archives for recession

recession

Tech Takes a Turn…Downward

January 19, 2023 by Ted Leave a Comment

Photo: Jovelle Tamayo for The New York Times

After several years of dizzying growth, the technology sector is now experiencing a notable downturn, as the post-COVID era has brought a combination of higher prices (inflation) and lower demand. In response, 2022 saw significant job cuts at major Big Tech brands that have continued on into 2023. That includes this Wednesday when Microsoft announced it was cutting 10,000 jobs – after a 1,000 job cut in October 2022 – another big blow to Tech.

But what about the more specific segments like consumer electronics and custom integration?

See the latest on tech taking a turn downward…

[Read more…] about Tech Takes a Turn…Downward

Filed Under: Financial, Management, News, People, Tech Trends, Technology Tagged With: Amazon, ChatGPT, COVID-19, Microsoft, OpenAI, recession

July Housing Starts Hit Lowest Level Since February 2021

August 17, 2022 by Ted 1 Comment

housing starts measure new homes like this one being built

In the latest data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, we learn that overall housing starts have hit their lowest level since February 2021 as climbing mortgage rates combined with still-high housing prices have made homes unaffordable for many Americans. The same report also notes that building permits have declined as well, suggesting housing will remain in decline for some time to come.

Learn more about housing starts during July

[Read more…] about July Housing Starts Hit Lowest Level Since February 2021

Filed Under: construction, Economic Trends, Housing Tagged With: housing starts, recession

Inflation Spiked 9.1% in June Exceeding Forecasts; Risk of Recession Grows

July 13, 2022 by Ted Leave a Comment

Grocery shopper, groceries have seen big price increases

The U.S. Bureau of Labor Statistics announced Wednesday that inflation in June came in at a surprising rate of 9.1%, clearly demonstrating that – in contrast to what many economists had hoped – inflation had not yet peaked in May. This news raises the risk of an approaching economic disruption…a recession.

Read more on this inflation reading

[Read more…] about Inflation Spiked 9.1% in June Exceeding Forecasts; Risk of Recession Grows

Filed Under: Economic Trends, News Tagged With: Core CPI, CPI, inflation, recession

With Demand Slack & Inventory Levels Building, Samsung Cuts Procurement

June 22, 2022 by Ted Leave a Comment

Samsung logo

Is an Industrywide Slowdown in Tech Beginning?

Samsung Electronics is taking action to hold back on procurement orders and asking suppliers for concessions, such as delayed deliveries, order reductions, and more in the wake of a concerning buildup of inventory. While the action is said to be temporary, concerns over a slowing global economy make it difficult to determine how long the company will deem these actions are necessary.

See more on Samsung’s actions to cut inventory buildup

[Read more…] about With Demand Slack & Inventory Levels Building, Samsung Cuts Procurement

Filed Under: Asian Connection, Financial, Industry Trends, Management, Manufacturers, News, Strategy, supply chain Tagged With: inflation, recession, Samsung

A New Epidemic Sweeps Across America…Recession

June 10, 2020 by Ted Leave a Comment

economic downturn recession

I would hope that by now long time Strata-gee readers had already anticipated this day, and now it’s official that this day has come – the U.S. economy is in a recession. It really shouldn’t surprise anyone. However, I know that there are some I’ve spoken with who were expecting a “rubber ball” rebound where – almost magically – everything, including business levels, would bounce back to normal quickly. This seemed to be based more on wishful thinking, or just general optimism, rather than anything factually based.

I suspect some of those folks might be a little surprised to learn that the economy is sliding into recession.

Learn more about our 2020 recession…

[Read more…] about A New Epidemic Sweeps Across America…Recession

Filed Under: Economic Trends Tagged With: Federal Reserve Board, Jerome Powell, recession

Tighten Your Harness, The Rocket Ship U.S. Economy is Coming Down Hard

April 23, 2020 by Ted Leave a Comment

graph of economic downturn

You knew it was coming, but we just couldn’t see it until statistical data caught up with the rapidly changing U.S. economy. But now, we are getting a snapshot of these changes and they are breathtaking…and a little scary. Hold on tight…it’s going to get worse before it gets better.

See a selection of data showing the economy hitting the brakes…

[Read more…] about Tighten Your Harness, The Rocket Ship U.S. Economy is Coming Down Hard

Filed Under: Economic Trends, Financial, News Tagged With: consumer sentiment, housing, housing starts, new home sales, recession, unemployment

Fear Factor: Consumers’ Fear Suggests a Slow Recovery from Recession

April 16, 2020 by Ted 2 Comments

Photo from Manhattan showing stores closed due to recession and very few people on the street
[Photo: Juan Arredondo, New York Times]

COVID-19 Recession: Will Rebound be a V…U…or W?

The Coronavirus pandemic has hit America big time. With a head-spinning swiftness, the epidemic swept across the country with ruthless efficiency – first impacting densely populated urban areas (NYC, LA, Chicago), then spreading its tentacles throughout more sparsely populated regions of the country. It has extracted a devastating human toll, striking fear in the hearts of consumers, and brought a once bustling economy to a screeching halt…plunging it into recession.

We have never seen anything quite like this and for business owners and managers…we are truly in uncharted territory. With almost 85% of all Americans now subject to some form of Shelter-In-Place or Stay-At-Home order, everything except essential services, such as grocery stores and pharmacies, has been closed down – and most companies have seen their sales disappear. Will a fearful consumer complicate our recovery from this recession?

See more on what kind of rebound to expect…

[Read more…] about Fear Factor: Consumers’ Fear Suggests a Slow Recovery from Recession

Filed Under: Consumer Trends, Economic Trends, Financial, Industry Trends, Management, News, Research, Strategy Tagged With: Coronavirus, COVID-19, recession

As Overall Economy Hit by COVID-19, Layoffs Hit Tech as Well

April 2, 2020 by Ted Leave a Comment

AudioQuest Announces Downsizing

AudioQuest logo

A relatively large number of readers and industry sources have reached out to Strata-gee with word of cutbacks and layoffs at various industry brands – as the impact of coronavirus (COVID-19) takes its toll on the U.S. economy. As was reported in a post just a few days ago, jobless claims jumped dramatically – by 33% in just one month – only to be exceeded a few days later by a massive jump in claims of 3 million more unemployed workers.

Now we are beginning to see layoffs in Tech…

[Read more…] about As Overall Economy Hit by COVID-19, Layoffs Hit Tech as Well

Filed Under: Brands, Financial, Industry Trends, Management, Manufacturers, News, People, Pivot Point Tagged With: AudioQuest, Coronavirus, COVID-19, layoffs, recession

With Recession Certain, What To Do Now

March 25, 2020 by Ted 1 Comment

8 Steps to Recession-Proof Your Business

Most economists have come to the conclusion that a recession is imminent – if not already here – as the drive to stamp out the novel coronavirus (COVID-19) has businesses being shut down and employees sent home. Many of these employees are either being officially laid off, or effectively laid off if they are hourly workers. Unemployment claims have already jumped and based on estimates from people way smarter than me – are going to go way higher soon. So now what do we do?

See logical next steps in a recession…

[Read more…] about With Recession Certain, What To Do Now

Filed Under: Economic Trends, Financial Tagged With: Coronavirus, COVID-19, recession

Nearly 8 of 10 Economists Predict Recession by 2021

February 27, 2019 by Ted Leave a Comment

graph showing economists expect recession ahead

A new survey by a business economics organization reveals that nearly 8 out of 10 economists (77%) say there will be a recession in the U.S. by 2021. A majority or 52% of them suggest that a recession will take place by the end of 2020. Yet even so, a majority of these economists anticipate that the Federal Reserve Board will continue to raise interest rates yet this year.

See the surprising results of this survey of economists…

[Read more…] about Nearly 8 of 10 Economists Predict Recession by 2021

Filed Under: Economic Trends Tagged With: inflation, recession, tariffs

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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