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I think it is entirely accurate right now though that we aren't yet in a recession. Interest rates are still low, the yield curve is only flirting with inversi
by lamontcg 4y ago
I think it is entirely accurate right now though that we aren't yet in a recession.
Interest rates are still low, the yield curve is only flirting with inversion and there hasn't been any negative employment numbers.
Which means that it is accurate to state that if we're going to hit a severe recession/depression (and I think the Fed is 100% telegraphing that they're going to cause one in order to depress wages) then the worst is still to come.
It is being a little bit too cynical to just wave this off as entirely propaganda to cover over the economic conditions.
And you missed all the talk of a "soft landing" followed by a "v-shaped recovery".
IOW: we've had 2 quarters of negative GDP growth and we're not even in a recession yet, so buckle up...