how is the US in a recession?

lmao

q3 gdp grew higher than expectations and unemployment is low. yes, there is inflation - there's also record profits for numerous conglomerates. i was against the significant money printing, however, the inflation is definitely a result of additional factors, i.e; pent up demand and labour shortages. to argue that it is solely due to money printing, well, trump added 7.8 trillion to the deficit and introduced a tariff war he could not hope to win. hope you aren't going to insinuate that his blatant disregard for any sane economic policy did not contribute to the current inflation in the US.

furthermore, inflation is impacting nearly every major economy right now.

This post was edited by Budgeting on Oct 30 2022 05:32pm

2 quarters of negative GDP growth

G3 GDP will not come out until 11/30, lol.

Should be noted that It’s certainly not your stereotypical recession with 98% employment and salaries remaining competitive.the average household still has 3 streaming services? Services seeing a decent amount of $ allocation which typically decline in recessions. At present the consumer remains strong

The fed wants to see home prices fall not just stagnate. Hasn’t happened yet despite 30 year fixed more than doubling in 6 months. Home equity loans will be margin called, especially the riskier ones who have still gone penalty free.

And I don’t see equity market on the uptrend when that happens


This post was edited by Bazi on Oct 30 2022 10:52pm

I don't doubt it will be worse for europe, the politics here are so incompetent lmao
but not only there is inflation, the same mistakes done after 2008 are being done again,
but as I said before we are seeing a decline of oil production since 2006. Since all our economies are based on oil extraction, the gdp wont recover imo. at best they can maintain it with fake money for a few more years maybe, that's all.

Which 2008 mistakes ? Which country

Vix down spy down

I think Another bear trap in this rally.

But don’t think much more upside left tbh.

This post was edited by Bazi on Oct 31 2022 08:02am

Bought wbd lol

Black Adam wasn’t that bad and when gun at dc studios maybe those shutters have a chance