A recession used to be defined as two consecutive quarters of negative GDP growth. This happened last year. However, the elites did not call it a recession because there was low unemployment rate. Some of the usual warning sighs of a recession have been flashing throughout the past year. We’ve had yield curve inversion, declining business and consumer confidence, falling stock market (besides those related to AI), a banking crisis, crypto catastrophes, and tightening monetary policy. Some how there’s no recession because there are a lot of job openings and hiring.
Are we being lied to about unemployment and the job market so the game of musical chair in the market can go on a little longer?
Most of the gains in the S&P 500 this year come from the ongoing AI hype. Only seven or eight companies are making the market a bull. Is the AI hype a scam for unloading shares onto retail bagholders? If the fundamentals are strong, then why the layoffs and hiring freezes in tech?
A recession in the Eurozone was just confirmed. The economy in China has been experiencing major issues like high unemployment, lower export, and housing market decline for some time. Where is the growth in America coming from? Aren’t we currently going throw birthrate decline? Where is the optimism that is needed for growth?
Views: 86