✅ Stocks going up right now ✅ Houses still extremely expensive and yet people are still gobbling them up ✅ Cars being up marked by $5-10k yet people are still gobbling them up ✅ Malls are still crowded, people still blowing big $ on luxury brands Is the US still in a recession? Lots of folks out there paying $$$ for inflated prices. This recession feels artificial as fuck at this point, unless I’m just describing the monstrous wealth gap disparity…
It’s unfortunately your last statement. Lower incomes feel like they’ve been in a recession for a few years now. Will propagate itself up. We are silo’d with our highs TCs and should be mindful/empathetic.
Thank you for this kind and level-headed statement
Finally, a tech worker on Blind with some humility, EQ, and respect for the 99% of workers in the US not making high TC.
We’re going on almost two years of people online saying a recession is coming any day now. Someday they’ll be right I guess.
People online? The federal reserve is saying this lol, of multiple counties.
What malls have people buying things? Retail is down down down
Just got to the outlets in Livermore. 45 minute lines to get into stores like Gucci.
It's crazy how long the lines are to go into those boutiques.
Ever heard the saying "Economists have predicted 9 of the last 2 recessions"? Nobody can be certain until it happens
Does 9 of 2 mean recession doesn't occur as often as Economists predict?
I get that this is blind but god damn just think a little. Yes that’s what it means holy cow.
The recession is real, it’s been dressed up as supply constraints hiding the real demand which is anemic, but looks healthy because the supply is limiting it. You don’t cut oil production when demand is healthy.
Where are you seeing cars with markups?
Fremont CA - Toyota and Nissan dealerships to name a few
I've been a Tesla bro for a few years but recently checked out Mazda and they're pretty good in my opinion. Also no markups or features hidden behind subscriptions. I can't justify a Toyota purchase when Mazda exists, at least with the new and improved version of Mazda company. Mazda is cheaper with equivalent offerings
Fed aimed a softish landing. Guess they achieved it.
I’m sure Jerome has a pizza party planned for all the fed economists. High fives all around! We did it‼️
Next morning CPI comes out high and they f*** up the economy once again.
Dollar losing value over time so assets go up. That’s the crash.
Every major recession signal is bad right now https://www.franklintempleton.com/insights/anatomy-of-a-recession
It’s gonna hit soon
any day now
People have been saying this since the dawn of time