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What recession? We are not in a recession. Unemployment data and the broader economy are still strong. Saying otherwise is dangerous, to be honest

stingrae 4y ago
Tech or SAAS has definitely had a major correction/downturn. This is not evident in the unemployment data because it is such a small contingent vs the US population
- VBprogrammer 4y ago
  It might be overdue. Tech came out of the 2008 recession pretty well in the mean (of course some people suffered badly). A lot of companies came out of it saying to cut costs they had to invest big in their technology.
superfrank 4y ago
Agree we're not in a recession, but I'm not sure I'd say we're in a strong place. The impression I've got from the articles I've read is that no one knows what the fuck is going on. Some indicators look great (like unemployment), but others look bad (like inflation).
- bombcar 4y ago
  We are certainly in something but what it is hasn't had a word assigned to it yet. Maybe it's stagflation, maybe it's swagflation, I dunno. Every downturn is like all the others and every downturn is a unique snowflake.
- ssteel 4y ago
  Low employment combined with high inflation is forcing the fed to raise interest rates to induce lower demand with the side affect being higher unemployment. This is how they killed inflation in the 80's. They are trying to thread the needle of inflation and recession. The likely outcome is eventually a recession. Conversely, the government could raise taxes across the board to control demand and trickle that money back to individuals over time, but it is political suicide.
  - matwood 4y ago
    Keep in mind when the fed talks about lower demand, that includes lower labor demand. They are likely to be forced to push demand to recession levels if they want it to match supply across the board. More lockdowns in China is certainly not helping on the supply side, and the latest jobs report showed the labor market not loosening.
andreilys 4y ago
The definition of a recession is two consecutive quarters of negative growth, which we've had. We're waking up from a a long night of heavy drinking (free money via zero interest rate, unrestrained QE, etc.), the bill is due and you're plugging your ears and yelling that the party must go on.
- jhickok 4y ago
  But we had growth last quarter now, right?
  - SoftTalker 4y ago
    Preliminary report. It will get revised.
- hammock 4y ago
  Yeah, that sounds like MAGA speech. Aka the greatest threat to our democracy right now
snapcaster 4y ago
dangerous? come on man get a grip

stingrae 4y ago

Tech or SAAS has definitely had a major correction/downturn. This is not evident in the unemployment data because it is such a small contingent vs the US population

VBprogrammer 4y ago
It might be overdue. Tech came out of the 2008 recession pretty well in the mean (of course some people suffered badly). A lot of companies came out of it saying to cut costs they had to invest big in their technology.

superfrank 4y ago

Agree we're not in a recession, but I'm not sure I'd say we're in a strong place. The impression I've got from the articles I've read is that no one knows what the fuck is going on. Some indicators look great (like unemployment), but others look bad (like inflation).

bombcar 4y ago
We are certainly in something but what it is hasn't had a word assigned to it yet. Maybe it's stagflation, maybe it's swagflation, I dunno. Every downturn is like all the others and every downturn is a unique snowflake.
ssteel 4y ago
Low employment combined with high inflation is forcing the fed to raise interest rates to induce lower demand with the side affect being higher unemployment. This is how they killed inflation in the 80's. They are trying to thread the needle of inflation and recession. The likely outcome is eventually a recession. Conversely, the government could raise taxes across the board to control demand and trickle that money back to individuals over time, but it is political suicide.
- matwood 4y ago
  Keep in mind when the fed talks about lower demand, that includes lower labor demand. They are likely to be forced to push demand to recession levels if they want it to match supply across the board. More lockdowns in China is certainly not helping on the supply side, and the latest jobs report showed the labor market not loosening.

andreilys 4y ago

The definition of a recession is two consecutive quarters of negative growth, which we've had. We're waking up from a a long night of heavy drinking (free money via zero interest rate, unrestrained QE, etc.), the bill is due and you're plugging your ears and yelling that the party must go on.

jhickok 4y ago
But we had growth last quarter now, right?
- SoftTalker 4y ago
  Preliminary report. It will get revised.
hammock 4y ago
Yeah, that sounds like MAGA speech. Aka the greatest threat to our democracy right now

snapcaster 4y ago

dangerous? come on man get a grip