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Yeah, and actually the entire "recession vibe" over the past few months has been largely anticipatory and sentiment driven. Wages have been rising quickly on a
by adam_arthur 4y ago
Yeah, and actually the entire "recession vibe" over the past few months has been largely anticipatory and sentiment driven.
Wages have been rising quickly on average, retail spending is still quite high relative to pre-covid trends, employment has been strong (outside of VC/big tech).
You see headlines about 10k here or 20k there, but in the end there's over 100m jobs in the US economy. The layoffs aren't meaningfully large in and of themselves
It remains to be seen how much worse it gets over the next year or two (if at all).