13 ms·

Yeah definitely herd mentality and not fears of recession leading indicators

• cratermoon 3y ago
  What indicators? People have been screaming "recession" for two years now, but the economy is strong. https://www.washingtonpost.com/business/2024/01/28/global-economy-gdp-inflation/ https://www.washingtonpost.com/business/2024/01/28/global-ec... Keep laying off people to pump up the stock price, and economic disaster might become a self-fulfilling prophesy.
  • geitir 3y ago
    https://www.newyorkfed.org/research/capital_markets/ycfaq#/interactive https://www.newyorkfed.org/research/capital_markets/ycfaq#/i...
    • cratermoon 3y ago
      Yes, that's exactly the sort of prognostication that has been wrong for some time now.
      • prewett 3y ago
        Yes, sure this time it is different!
  • pbhowmic 3y ago
    They have been saying recession is 6 months away for two years now.
  • oceanplexian 3y ago
    It’s because the economy is not strong and the numbers like CPI, unemployment, and inflation have been manipulated (By manipulating the basket of goods or changing the definition of unemployment) to paint a rosy picture that doesn’t match reality.
    • gruez 3y ago
      >changing the definition of unemployment source? There's various definitions of unemployment (U-1 through U-6), but to my knowledge they haven't changed those definitions, nor have they changed what the "headline" unemployment rate corresponds to (U-3). Finally the BLS openly publishes figures for all the different unemployment rates, so it doesn't seem like they're trying to hide anything either. [1] https://www.bls.gov/lau/stalt.htm https://www.bls.gov/lau/stalt.htm
      • throwaway5959 3y ago
        Don’t bother. If Trump wins in November their opinion on the economy will turn on a dime in late Jan 2025.
    • Hammershaft 3y ago
      Source(s)?