Quote:
Originally Posted by Slava
Haha, well we can find all kinds of measures in finance to tell us what we want to hear! I’m not saying there’s no recession coming. But what are we at now…17 months of “it’s imminent”? The consumer seems strong, earnings in this past quarter were good and while things are slowing overall it might still be close. Could be the “dish pan” recession where we do technically go negative, wits shallow?
Predicting these things with any accuracy is a lot harder than people think.
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There's been quite a few polls in the US where the amount of people who are doing well personally is at the same level its always been at, but they think the economy is in the tank.
So people think we are in a recession even if we aren't (yet?)