30 ms·
How about a simple "The stock market is not the economy?" Too easy?
by sgnelson 2y ago
How about a simple "The stock market is not the economy?"
Too easy?
- tim333 2y agoBeyond the market, the Sahm Rule indicator triggered which was designed to indicate the start of a recession. It happens when unemployment rises 0.5%. It's an indication they should cut rates which they probably will. Or not - it's debatable https://www.cnbc.com/2024/08/07/sahm-rule-creator-doesnt-think-that-the-fed-needs-an-emergency-rate-cut.html https://www.cnbc.com/2024/08/07/sahm-rule-creator-doesnt-thi... >[the rule] has never failed to indicate a recession in cases stretching back to 1953 although Sahm herself argues it's different this time https://economictimes.indiatimes.com/news/international/business/sahm-rule-my-recession-rule-was-meant-to-be-broken-says-claudia-sahm/articleshow/112347662.cms https://economictimes.indiatimes.com/news/international/busi...