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Forecast for US Recession Within Year Hits 100%

bloomberg.com

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Re: Forecast for US Recession Within Year Hits 100%

#5

US has already had two quarters of negative GDP growth. https://www.bea.gov/data/gdp/gross-domestic-product Bloomberg is 100% right.

It's a common misconception because of crappy media that that alone is how to determine a recession. There was a good Planer Money on it a month or so ago. Either way the goal right now IS a recession. That's why interest rates are up but despite this we keep buying shit we don't need.

Re: Forecast for US Recession Within Year Hits 100%

#9
Is it time to start using the scary “d word” yet? … depression

It’s been half a year of ostrich like behaviour and borderline paradoxical (but understandable though certain lenses) stock market responses while economies around the world are sliding downhill like they are all practicing for the Winter Olympics.

It’s sort of hard to look at the situation and think “this won’t end up with economic depression” … it’s looming up on the horizon as we get deeper into the reality of a global recession (can we call it a global one yet?) maybe not in the USA, but perhaps the UK, or somewhere else that feeling the current situation more acutely.

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