A Recession on the Way?

I've been hearing a lot of talk about a coming recession lately. Some Youtubers were talking about it last year and now some media outlets are starting to pick up on it as well Before Dicky screams at me about Youtubers telling me what to think, I've been saying for a while now that we were overdue for a bubble burst.

The Mises Institute had an article about a looming recession a couple of days ago and coincidentally on the same day Breaking Points talked about it as well.

Here's what The Mises Institute said:

More at the link.
https://mises.org/wire/money-supply-grew-november-bigger-trend-way-down

The Hill reports that a majority of Americans think a recession is coming in the next year which is also when The Mises Institute predicts it.

https://thehill.com/hilltv/what-ame...f-american-believe-the-us-will-hit-a-economic

We did just hit 7% inflation which is the highest it's been if forty years and the interest rates are at a historic lows. You know what had to happen in the 80s when inflation was so high, interest rates increased significantly. Now I've been saying we should do this for years because low interest rates just rewards debtors and creditors while punishing savers, but I'm not in charge of shit. The interest rates are artificially low and now the Fed chairman is planning making a move to stop the gravy train. What do you think is going to happen when he does that? @Order2Chaos what say you?

Discuss.

You're hoping so, aren't you? God forbid the economy should do well (as it historically has) under a Democrat president. I predict that there will be a lot of

Nope, I was just gonna do this.

*snicker*

I fully expected the peanut gallery to chime in. I await the non-clowns.

What exactly does a recession mean in the context of so many deaths, so many folks disabled, "the great resignation," and insane profits for the 1% over the last two years?

Honest question.

I'm not worried about inflation causing anything (month over month is slowing quite a bit), but the numbers can't always go up.

Until the Trump Recession the Obama Recovery was setting a record every day for longest boom in US history. Maybe that was a one off or maybe we are settling into a period of low-to-moderate but stable growth.

I'm OK with stable growth, it's just that I don't trust the financial speculation markets to avoid being hooligans again.

Yep.

It's quite possible, but I think it's hard to tell right now. Covid has caused a lot of disruptions, so what we're seeing isn't part of the standard economic cycles.

The economy is cyclical, so strictly speaking a recession is always on the way.

Unfortunately we seem to be back in the 70s and 80s with high inflation, supply shocks, and aggressive swings in the markets.

Hopefully @Federal Farmer will be able to keep his minimum wage dishwasher job during the next recession!

Hopefully you can keep your job as a professional liar lawyer.

I hope we’re in for another recession, my company did some great numbers during the last one

I make your monthly salary in a few days. I’m
Sure I’ll survive.

You have no clue what my monthly salary is.

$2600?

$7.25 x 8 x 5 x 4 = $1160

Although it’s tough to imagine anyone wanting you around full time, you’d give aspirin a headache

Ignores his "pocket money" from Uncle Bob.

works at hospital federla farmer does

If Joe Rogan said it, it must be true.

As Biden continues to claim that the economy is doing great, there are more indications that a recession is eminent.

More.
https://www.cnbc.com/2022/06/07/fed...omy-could-be-on-the-brink-of-a-recession.html

High gas prices, rent and groceries suck no matter what you call the economy. Unless things turn around in the next four months it's going to be a painful election for team blue.

https://www.ipsos.com/en-us/news-po...prove-of-bidens-handling-of-economic-recovery

Only for morons who don't understand what's happening.

Gas, food, rent, etc. have all increased normally along with the GDP. Worker wages, on the other hand have been stagnant for 40 years. The issue isn't higher costs, it's low wages.

Gas rising 55% in less than a year is not "increasing normally"

No, not in less than a year. But, over the course of 40 years, it's about right.

Show your work

Highest inflation in forty years has nothing to do with it.

Her field is load management, not mathematics.

She doesn’t know much about economics.