8 times it fell this hard.
— Jeff Weniger (@JeffWeniger) January 15, 2023
8 times we had a recession.
It's the Conference Board Leading Indicators divided by Lagging Indicators.
All 8 times it fell 10.6% or more, which is the current decline, we were in recession at that very moment.
Recession right now. pic.twitter.com/ejFnZusoQd
5 thoughts on “The State Of The Economy”
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Apparently, it isn’t a recession until Democrats say it is. New definition. Get used to it.
Nah. Everything is fine. I’ve been assured by our leadership and educational betters that things are awesome. That’s good enough for me.
Recession? I wish. The more they pretend this isn’t, the longer the depression will last.
This game has been played before. Just wait for the adjustments after the fact to find out how deep of a recession it is.
Related: “Someone spent $100,000 on a statue of the Twitter logo from the company’s corporate HQ”
https://www.semafor.com/article/01/18/2023/twitter-logo-statue-sells-for-100k-in-auction
Art as an inflation hedge.