Any thoughts on this news
https://finance.yahoo.com/news/us-now-85-chance-recession-022705048.html Blind tax: TC270 #stocks #investment #finance #recession #google #microsoft #facebook #netflix #apple #nvidia #bytedance Edit1: Today, as I was reading the news, I learned that the UK is teetering on the edge of an economic depression, and Japan has slipped from its ranking as the third-largest economy. These shifts may stem from multiple factors, such as sluggish retail sales in the UK, a weakening yen, and a high percentage of aging adults in Japan. However, the repercussions could extend beyond these nations due to the interconnectedness of global economies, particularly through trade dependencies.
I think recession fears are overblown now
I think they’re under blown everyone says yhe economy is doing great but it feels like a light gust could send us in to a recession
No chance
I think tech and high capital industry is already in recession.
I’m inclined to agree, but nothing to do but keep saving, working, living.
Yellen is trying to go to Beijing again. This tells you something. She is not a trade representative
What should this tell us
Desperation? Do you see Chinese treasury head begging to come visit US?
Soft landing was always a crock of shit. Investors and people who yolo/panic bought houses have an irrational perception of fed. They’re gonna lower rates once they have ravaged the economy
At this point, the only thing I think could cause a recession is if the market suddenly decides that AI is not going to have any impact on the economy, considering how much the downstream gains from that have been propping up the stock market. And I think that’s unlikely
I think this is exactly what will happen. Not that AI will not have an impact I just think that it’s going to be much slower than people have hyped it up to be. Openai guy iirc said something like we can do AGI but we need more computing power that is not realistically feasible at this point. It doesn’t mean ai is not valuable just that the outsider from tech doesn’t know much and is overreacting and the stock market is basically resting on nvidia, ms, etc shoulders
Election year I think nobody will admit it even if it happens
If your model can’t predict what you want, make up a new model! This is just pathetic.
Never trust a Rosenberg