Recently the dynamics of signed networks, where the ties among the agents can be both positive (attractive) or negative (repulsive) have attracted substantial attention of the research community. Examples of such networks are models of opinion dynamics over signed graphs, recently introduced by Altafini (2012,2013) and extended to discrete-time case by Meng et al. (2014). It has been shown that under mild connectivity assumptions these protocols provide the convergence of opinions in absolute value, whereas their signs may differ. This "modulus consensus" may correspond to the polarization of the opinions (or bipartite consensus, including the usual consensus as a special case), or their convergence to zero.In this paper, we demonstrate that the phenomenon of modulus consensus in the discrete-time Altafini model is a manifestation of a more general and profound fact, regarding the solutions of a special recurrent inequality. Although such a recurrent inequality does not provide the uniqueness of a solution, it can be shown that, under some natural assumptions, each of its bounded solutions has a limit and, moreover, converges to consensus. A similar property has previously been established for special continuous-time differential inequalities . Besides analysis of signed networks, we link the consensus properties of recurrent inequalities to the convergence analysis of distributed optimization algorithms and the problems of Schur stability of substochastic matrices.