I believe that we’re already in a recession. What do you all think? - Nobody wants to spend money rn. Small businesses are suffering greatly. There are mass layoffs across most industries. Savings for most people is long gone. Credit card debt is at an all time high. Inflation is choking the working class into oblivion. I understand that according to the “traditional definition” of a recession it isn’t, but seeing as recessionary periods are caused by speculative fears and fears are at an all time high that this feels like a recession to me.Wallstreetbets
I believe that we’re already in a recession. What do you all think? - Nobody wants to spend money rn. Small businesses are suffering greatly. There are mass layoffs across most industries. Savings for most people is long gone. Credit card debt is at an all time high. Inflation is choking the working class into oblivion. I understand that according to the “traditional definition” of a recession it isn’t, but seeing as recessionary periods are caused by speculative fears and fears are at an all time high that this feels like a recession to me.
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...