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Even a broken clock is right, twice a day. Look at the signs. We have high inflation, rapidly increasing interest rates, declining stock prices. 2 negative d
by GoldenMonkey 4y ago
Even a broken clock is right, twice a day.
Look at the signs. We have high inflation, rapidly increasing interest rates, declining stock prices. 2 negative down quarters, only 10k jobs added vs 1M estimated.
Why do you think the odds of recession are low? What signs besides, economists being in agreement, do you see?
- osigurdson 4y agoStock and futures markets market should be lower.
- osigurdson 4y agoedit: Stock and futures markets should be lower if a recession is a certainty in the next 6-9 months.
- dimal 4y agoInflation is dropping like a rock, but it takes a while to fully show itself in the official numbers because it's measured year-over-year. The supply chain crunch is over. We've gotten through huge interest rate increases and only have one more half-point hike to get through before the Fed levels off. All those shocks should have put us in a recession in 2022 but didn't. Stocks and home prices dropped, but the real economy chugged along. So, why, now that we're through the worst of it, would we get a recession in mid 2023? I'm not sure that we won't have a recession. But I'm not as convinced as everyone that it's a certainty.