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We aren't in a recession. The broad job market is still way too tight. But it is coming. It is being engineered by the Fed to reduce inflation. Probably someti
by HFguy 4y ago
We aren't in a recession. The broad job market is still way too tight.
But it is coming. It is being engineered by the Fed to reduce inflation. Probably sometime next year.
- nonethewiser 4y agoRecession is measured by GDP. Unless we're not using the technical definition. In which case a recession doesn't have a firm meaning.
- astrange 4y agoRecessions in the US are declared by an NBER panel (retrospectively) based on vibes. https://www.nber.org/research/business-cycle-dating https://www.nber.org/research/business-cycle-dating https://www.bloomberg.com/news/articles/2022-07-12/no-us-recession-until-obscure-panel-of-eggheads-says-it-is-so https://www.bloomberg.com/news/articles/2022-07-12/no-us-rec... We currently aren't seeing one; that would be stagflation. We're seeing inflation plus economic activity instead.