Oddbean new post about login | logout Doom and gloomers still calling for an imminent major #recession in the US this morning. Doom and gloomers still wrong. #Normalization, not #recession.
Major is relative and seems to be reserved for moments when those closest to the printers are hurting. Else, it's a mild problem. I agree if your point is that it's all just a slow burn crash to zero all the time. That's what it seems like to me. The rest of it is usually marketing and moments of hype. It's all the other times that really matter yet get no coverage.
They don't realize the recession already happened but the government recalibrated the official definition.
I’d love to hear the optimistic argument for our current economy. Everything seems negative at the moment even the pace of inflation slowing as the consumer is completely tapped out. Unemployment numbers keep going up, job postings keep going down.