• Spectacular!

    I liked your fast, friendly service. You were all knowledgeable in the area of bankruptcy. Your treatment of me as a client was spectacular! You were great at promptly responding to my questions and concerns. I loved that you provided courteous and quick responses to all my questions.
  • Highly Recommended!

    I have worked with Seth and he is the utmost professional in how he works with his clients. If you need an attorney you can trust I would highly recommend the Law Office of Seth Hanson.
  • Very Professional.

    Everyone was very professional and efficient. Seth, and everyone that I had contact with were very knowledgeable. I was very pleased with how we were treated by his staff. My questions were always answered promptly. I was very pleased with the service I received and would not hesitate to refer someone to your firm.
  • Non-judgmental.

    You were very open and answered all of my questions. You never made me feel like I was asking a dumb question. I was comfortable with your knowledge of the law. It was hard for me to make this decision to move forward in my life. Everyone was friendly to me and respectful. Non-judgmental. Every question I asked was answered promptly and appropriately. I would recommend you.
  • More Than Expected!

    I found the firm's representation to be more than what I expected. I was always kept in the loop, all my questions were answered (whether or not I asked more than once the same question), and I felt completely supported by the firm staff when going through this (at times) scary ordeal. Thank you again.
  • Very Impressed!

    I liked that you had very friendly, caring staff. You were all very knowledgeable. Your treatment towards me was excellent and you quickly responded to all my concerns. If a friend asked of your overall impression, I would say that we were very impressed and we would recommend you to them.

Are We Headed For The Next Great Recession?

A survey was carried out in July by Bankrate.com that polled 2,800 Americans. The study concluded that 40% of those who were polled say they feel the next recession has already begun or will begin within the next 12 months. 

Federal Reserve

There have been several signs over the course of the last few months that are predicting the next great recession, similar to what we experienced in 2008. Some of those signs include the Federal Reserve cutting interest rates. The Fed cut interest rates last week and some are predicting they will be cut again as early as next month. The last cut took place shortly before the last recession in 2007. 

The next sign of a looming recession is the intensifying trade war between the US and China. President Trump announced last week an additional 10% tariff on $300 Billion dollars in Chinese imports. China retaliated by suspending agricultural purchases from the US. 

Treasury Yield Curve

The Dow plunged 760 points on August 5th marking the worst day in 2019. Investors are running to the safety net of treasury bills, gold, and cryptocurrency. When investors run toward treasury bonds, the yield curve flips. The treasury yield curve has consistently flipped before the last seven recessions. The last time the US bond yield curve inverted was in March of 2019 and it inverted again on August 5th, 2019. 

Morgan Stanley’s chief economist, Chetan Ahya, predicts the next great recession will hit within the next nine months. 

For more information contact your local Yuba City bankruptcy attorney at 530-797-4402.

Categorized in: