One of the most accurate recession indicators is close to sounding the alarm as unemployment continues to rise

8 comments

1. 🙄

2. It’s still very low when you look at the unemployment rate over the last 50 years.

3. If you say recession every day forever, you’ll eventually be right.

   Also, this is a weird economic time. High employment, with high but cooling inflation, with some wage growth (but not enough), immediately following a global pandemic that had record unemployment and record low interest rates with record high money printing, all in the midst of noteworthy political divide. Real estate at ATH, S&P at ATH… We almost certainly won’t know what has happened until it’s safely in the rear view mirror.

   Maybe this is the gentle landing? Maybe it just hurts a little for a long while instead of hurting a lot for a little while.

4. Keep fucking saying it it will eventually happen.

   But if you’re doing bad in this economy you’d do bad in any economy, and if you’re here in economy you know that unless you’re acting in bad faith. 

   Is capitalism fucked? Yep obviously. Is voting in the ultra capitalist “let me take your country or I’ll kill you (heritage foundation five days ago a Republican think tank)” the answer? You know it fucking isn’t so quit lying already.

5. Predicted for so long, I thought we were past it now

6. Anyone else seeing the probability of stagflation rising?

7. They like to hire illegal immigrants

8. Wait till they change the definition again