Ask Lemmy
A Fediverse community for open-ended, thought provoking questions
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either [email protected] or [email protected].
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email [email protected]. For other questions check our partnered communities list, or use the search function.
6) No US Politics.
Please don't post about current US Politics. If you need to do this, try [email protected] or [email protected]
Reminder: The terms of service apply here too.
Partnered Communities:
Logo design credit goes to: tubbadu
view the rest of the comments
Depends on where you live. If you're in the United States, you should definitely be preparing for a imminent incoming recession.
Feel like I've heard this constantly for the last 2-3 years at least. I guess if you keep saying it, someone will eventually hit the right timing and claim credit for having predicted a recession.
Have a look at the unemployment data which just recently hit 4.1% the household jobs survey versus what the government says.l and theres a gap of like 600,000 jobs the government claims that households cant find, consumers have spent themselves into a wall and are pulling back, etc. With inflation being as high as it was and is if it's above GDP then we actually have negative growth.
Maybe, maybe not. I just know that people who try to predict the future are wrong most of the time, especially when it comes to the economy and trying to time the markets. Never works.
Oh, I definitely wouldn't be shorting, or something like that, as I do not have the timing prediction powers for that. Even if I am right, being right in a timeframe is the real problem.