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It's elections season and there is about to be a shift in power. Those currently in power have been resisting labeling the current environment a recession. Expe
by TechBro8615 4y ago
It's elections season and there is about to be a shift in power. Those currently in power have been resisting labeling the current environment a recession. Expect this to change in Q1 2023 as they gaslight you into believing we're in a recession because of the new team in charge.
- oxfordmale 4y agoThe recession is driven both by an economic slowdown in China and the war in the Ukraine. The economic slowdown in China is caused by the endless Covid lockdowns. The war in the Ukraine is resulting in a shortage of natural gas in Europe, sharply driving up energy prices resulting in double digits inflation and people naturally tightening their spending. The USA has mostly been protected as they have their own gas and oil supplies, however, they are not immune to what happens in the world.
- mizzack 4y agoDon't forget about rampant inflation/currency issues.