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The real question here is: Is the economy going down ? I have heard others saying we are entering a deep recession within the next year
by danielovichdk 4y ago
The real question here is: Is the economy going down ?
I have heard others saying we are entering a deep recession within the next year
- blevin 4y agoNobody knows for sure, and a single summary statistic of a huge economy cannot capture the dispersion of lived experiences, but yes, there are objective indications suggesting recession is possible. For one example, the Atlanta Federal Reserve runs a real-time GDP forecast called GDP Now. The update today is -2.1% https://twitter.com/atlantafed/status/1542922843511574528 https://twitter.com/atlantafed/status/1542922843511574528
- coolspot 4y agoUS debt/GDP is 370%, inflation is 9%, natural resources locked in Russia, and Fed can’t do QE anymore.