Any indication there is a recession in the horizon?
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- Chase (╯°□°）╯No, this is actually wrong.
Two quarters of economic contraction is how we know that a recession is taking place at that point in time. The recession doesn't "start" after we have two quarters of negative growth. Rather by definition it starts at or before the beginning of the first of those two quarters.Jul 8 1
- OP, why do you think people on Blind would have some special insight on this ?
- There was this guy rubini, the economist. He “predicted” the last recession, meaning got lucky that time. Then he predicted several more, after Nth failed prediction people stopped listening. He used to be on CNBC and Bloomberg all the time , I don’t see him anymore.
- Welocalize / IT DmqK13moreThere is no current trends that show any economic downturn in the US. When you will see instability is if one of the larger economic powers outside the US has a big issue. Any of the current conflicts escalating, oil being shut off in EMEA, a conflict with China, or just something not currently expected. Regarding the election, that could be a big factor for the US. Uncertainty will effect the markets, lots of companies are holding back next year not knowing what is going to happen.