Quote:
Originally Posted by Tag
We're in uncharted territory. Technically we're already in a recession with two consecutive quarters of negative GDP, but it doesn't feel like one. The usual indicators don't seem to apply anymore. Some of the most recent forecasts think that even if we enter one it will be short lived. Too much is up in the air to forecast anything with any level of certainty. Supply shortages, China shutdowns due to Covid. Energy and food securities, partially due to war in Ukraine.
If you asked me today if we're going to be in a mutually agreed upon "recession" later this year or sometime next year my answer would be I doubt it. But hey, my 'guess' is just as good as everyone else's.  |
This was recently emailed to me. What rising auto loan delinquencies tell us about the economy -
https://finance.yahoo.com/news/what-...123734937.html
Food for thought.