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re: CNBC: The unemployment rate signals recession
Posted on 6/2/23 at 3:10 pm to boogiewoogie1978
Posted on 6/2/23 at 3:10 pm to boogiewoogie1978
quote:
People are spending like the economy is booming.
I don’t believe this is accurate. Retailers are noticing pre-recessionary spending trends. Larger purchases are being delayed.
This post was edited on 6/2/23 at 3:10 pm
Posted on 6/2/23 at 3:32 pm to the808bass
quote:
I don’t believe this is accurate. Retailers are noticing pre-recessionary spending trends. Larger purchases are being delayed.
I wonder how much the pandemic market crash only three years ago will confound the recession signals today?
Of course, demprogs printing money and borrowing like there is no tomorrow while the Fed is jacking up interest rates to fight inflation may have been curtailed somewhat. However, Brandon and his Marxist minions are still doing all in their power to spike the supply chain.
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