Jeffery Gundlach, a well-known investor, has indeed expressed concerns about the U.S. economy. He mentioned that the Federal Reserve’s rate cuts are arriving too late and that the mounting job losses indicate the U.S. economy is already in a recession.
45% of America has been in a recession for some time.
When you can't afford a $500 emergency expense, you are in a personal recession.
Imagine the job loss across the Helene ravaged areas?
Businesses will be closed for months.
These people will not work and have no income.— floridanow1 (@floridanow1) September 30, 2024
https://finance.yahoo.com/news/fed-rate-cuts-arriving-too-232214340.html
The Sahm Rule Has Been Triggered
The Sahm rule is an early recession indicator.
As of today, it has been triggered.
Since 1950, the Sahm rule has indicated only one false positive (in 1959), and even then, six months later the US had entered a recession.
Origin of the Sahm… pic.twitter.com/l07SEsuVYH
— Reef Insights (@ReefInsights) August 2, 2024
Oh really? https://t.co/GB8zwe2Q3n pic.twitter.com/nvl1m5UYkK
— Financelot (@FinanceLancelot) September 29, 2024