I have no idea. Ask Goldman Sachs, for one. They are pollyanna on the economy right now and think we are mostly good to go. Predicting a 35% chance of recession in next year and that we've never entered one all this time.AgsMyDude said:YouBet said:htxag09 said:
Has everyone manipulated the meaning or is it just complex?
Of course it's complex but we have people that know better abjectly claiming things are pretty good and that recession is a not even likely which is flat out gaslighting.
Some of these same people were surprised by the run up in inflation last year despite printing 40% of all money that ever existed in such a short time period.
How can people claim a recession isn't likely when we're literally in one by definition as I type this?
To emphasize their point they shared this quote from Federal Reserve Bank of St. Louis President James Bullard:
Quote:
I actually think we will be fine…It is a little early to have this debate about recession probabilities in the US. It would be unusual to go back into recession at this stage.
A little too early!!!!! The gaslighting is unreal.
