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by koyanisqatsi 1332 days ago
Officially a recession folks. No amount of arguing is going to change that fact.
3 comments

The GDP figures out today show the economy growing at 2.6% annualised.
Do you feel like it's growing?
Very low unemployment. Seems to be growing to me.
How much do you want to bet that we're entering a recession?
There's dozens of markets where you can bet everything you own on that already. If you really are confident enough as your words imply, I suggest you do so.

The economy is growing and US unemployment is at 50 year lows, that is clear fact and not speculation.

Amazon Q4 revenue is only expected to grow 2-8% from the already massive covid increase of last year. And Q3 online store revenue is up only 7%. What a disaster.
Not officially yet, but raising interest rates to tame inflation creates a high risk for a recession.