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(Marketwatch)   50% of sources cited in headline rate chance of US recession at 100%. Good editing (and statistics) are hard, yo   (marketwatch.com) divider line
    More: Followup, Monetary policy, Federal Reserve System, President Joe Biden, Central bank, U.S. economy, latest Bloomberg Economics, Treasury Secretary Janet Yellen, Federal Reserve interest-rate hikes  
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282 clicks; posted to Business » on 18 Oct 2022 at 11:00 AM (22 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



13 Comments     (+0 »)
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2022-10-18 10:40:02 AM  
ftw.usatoday.comView Full Size
 
2022-10-18 10:48:14 AM  
I'm just assuming everything is awful.  saves time
 
2022-10-18 10:51:45 AM  
70% of the time bullshiat statistics are clickbait every time.
 
2022-10-18 11:15:53 AM  

fragMasterFlash: 70% of the time bullshiat statistics are clickbait every time.


I really don't get this one. I understand that the economy as a whole responds slowly to macro-effect adjustment, but all this recession talk seems so...forced? Businesses are desperate for employees, manufacturers have full order books plus a backlog, and seemingly ever-stagnant wages are finally rising, so of course all I've heard for the past three months is the specter of looming recession.

Who benefits short term (and it's always short term) from a sudden turnaround of all of these trends?
 
2022-10-18 11:31:28 AM  
That's 10% worse odds than me wearing this new cologne that kind of smells like gasoline.
 
2022-10-18 11:40:08 AM  
Just wait until the Fed announces that it's insolvent.

hussmanfunds.comView Full Size
 
2022-10-18 11:53:51 AM  
We have a recession every 7-12 years. Every one ends up with the rich getting richer and the poor doing not that. Some recessions are worse than others. Some areas (either specific geographic areas or specific industries) suffer worse than average, while others even thrive.

Then there are the people who stand to profit from market manipulation and stoking fear.
 
2022-10-18 11:56:00 AM  

red230: Just wait until the Fed announces that it's insolvent.

[hussmanfunds.com image 850x478]


in·sol·vent
/inˈsälvənt/
adjective
unable to pay debts owed.

Yeah, just wait.
 
2022-10-18 12:03:53 PM  
Corporate America wants to push it off a cliff with the fed's activities as the attention-grabber. That your local big box retail store has lots of empty shelf space, messy displays, stockroom fire safety violations, and two manned registers on a Sunday morning is of no concern or consequence to shareholders, if there is profit to be had.
 
2022-10-18 12:10:40 PM  
86% of statistics are made up, 14% of the population knows this.
 
2022-10-18 1:52:06 PM  
Fark user imageView Full Size
 
2022-10-18 2:56:44 PM  

grinding_journalist: fragMasterFlash: 70% of the time bullshiat statistics are clickbait every time.

I really don't get this one. I understand that the economy as a whole responds slowly to macro-effect adjustment, but all this recession talk seems so...forced? Businesses are desperate for employees, manufacturers have full order books plus a backlog, and seemingly ever-stagnant wages are finally rising, so of course all I've heard for the past three months is the specter of looming recession.

Who benefits short term (and it's always short term) from a sudden turnaround of all of these trends?


I agree, it feels very clickbaity. But I can say that our orders are half what they were last year in Covid. They went up 30% in Covid. So I think there's a lot happening. Inflation. People had extra money from working from home or moving during covid and spent, now they don't. Plus Ukraine and gas prices and all that. But trust me when I say anyone newly hired is watching their back for last hire first fired. The only thing that may stave that off is a lot of people that know everything are 2-3 years from retirement and they'd be gutted if they left. They NEED a couple years to retrain and they know it.
 
2022-10-18 5:45:07 PM  
It's a well known fact that 80% of quoted statistics are made up
 
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