Vintage Card Performance During A Recession

[bobbyw8469]

I will say this. Certain "economist" would love nothing more than the see a recession under the current administrations watch. They are literally salivating at the mouth. Since the Russian narrative fell apart and what not. That is why I take everything the "economist" are saying with a grain of salt. I know MY situation is the best it has been in a long time. All except for my crappy insurance. And that was the previous administrations fault. Not the current one.

[trdcrdkid]

Originally Posted by bobbyw8469

i will say this. Certain "economist" would love nothing more than the see a recession under the current administrations watch. They are literally salivating at the mouth. Since the russian narrative fell apart and what not. That is why i take everything the "economist" are saying with a grain of salt. I know my situation is the best it has been in a long time. All except for my crappy insurance. And that was the previous administrations fault. Not the current one.

no politics please. Thank you.

[Leon]

Originally Posted by trdcrdkid

no politics please. Thank you.

Thanks David.....Infractions and suspensions are going to start being handed out. There is way too much political talk on the board the last few days.

As far as cards in a recession, almost nothing is recession proof.

[Touch'EmAll]

My tinker money is/has been going to stocks last chunk of years. Very few card acquisitions. Stocks have done well past few years. When the economy tide turns, will likely get out of stocks and will buy more nice cards if they decline.

[Exhibitman]

You know, economists have predicted six of the last three recessions. The best indicators are businesses that get cut first when things slow up: construction, public relations, executive recruitment. My wife works in recruiting and her company has seen a marked slowdown in business. But my construction and public relations clients haven’t been hit yet. When I get a spike in collections cases from them it is time to batten down the hatches. Last time around my entire construction and real estate practice went from deals to collections virtually overnight...a year before the sh** hit the fan. Right after the 2007 NSCC. The cycle before that it was an onslaught of collections work against dot com companies and developers that collapsed and stopped paying vendors. The first cycle I experienced was right out of law school. It took the legs out of the construction industry to such an extent that the firm I was with (a construction practice) laid off 75% of its associates.

My research on boxing cards showed a lag between recession and effect of about one year. Prices were good in the months after the debacle but dropped after that. Bottomed out around October 2010.