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Some random, disconnected thoughts...are we at the beginning of a new financial crisis leading to a recession?
Well, we just don't know and so many economic predictions come from either blowhards or people who don't have any specialized predictive power.
Well, we just don't know and so many economic predictions come from either blowhards or people who don't have any specialized predictive power.
For example, how often have you heard predictions of an imminent recession only to see the BLS comes out with a report saying we added 500,000 jobs per month? It seems like a discourse dominated by Republicans who just *wanted* a recession so they could blame it on Biden.
It's only about a week since we learned about a very large bank collapse. The *feel* (admittedly not very precise) of the headlines suggests that there is pain ahead and a lot of people are scared. In and of itself that can mean something since psychology influences the economy.
