Why on earth do some people say we are in a recession? We may get into a recession but we are not in one right now imo.
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With any luck the Federal Reserve will increase interest rates by more than one quarter point tomorrow to help with inflation.
LOL
At the root of the economy, we expect less input. Less wheat. Less oil. Less gas. Fewer operating planes, less trade. We'll even have fewer tech workers since many who were working in Eastern Europe are picking up arms.
It's hypothetically possible to "do more with less," but the idea that this isn't the start of a recession seems like it's the position that would need justification.
What do you think the odds are that total global production will produce more actual goods and services this half than it did last half? How will it do so?
International oil companies have pulled out of Russia. Expertise and equipment are needed to continue to efficiently produce and ship oil and gas.