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re: CNBC: The unemployment rate signals recession

Posted on 6/2/23 at 3:10 pm to
Posted by the808bass
The Lou
Member since Oct 2012
111611 posts
Posted on 6/2/23 at 3:10 pm to
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 by Auburn1968
NYC
Member since Mar 2019
19715 posts
Posted on 6/2/23 at 3:32 pm to
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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