Shit like this is why we had the layoffs we say at the beginning of the year. It was all hysteria made up by a bunch of idiots who want a recession for…. Reasons.
The economy is strong, inflation is down overall (though still high), and unemployment has been below 4% for nearly 2 years, something we haven’t seen for more than 20 years.
True, but that most likely means that the Finance houses found a new bubble or regulation capture that will allow them to buy mega yachts for a few more years until it blows up and governments bail them out with public money again.
I don't think people realize that a recession is always a 2008 scenario. There was a recession in the early 1980s that didn't hit hard and only lasted around 6 months.
Due to high interest rates, oil fears, and the housing market that scenario is more likely to reoccure than 2008.
All of the people who can still afford food and housing forgetting that the world doesn't revolve around them and that the world is in the midst of a depression...
Not Bidens fault mind you. It's just another global systemic failure to add to the list.