The US is now in recession

I don't know anymore where I saw the stats but it said the big stimmy /savings /2020&21 stock market gains US consumers had will be vanished at the end of September, that is when the music really stops if it does at all.
 
A lot of people I know have switched to working TWO jobs now, because they can't get by on the original full-time one they had. This includes some of the millennials at my work also, so not just the older.

Of course, the government looks at that as a positive thing. Look, TWO jobs per person now! Woah! The economy is so HOT right now, we need to cool it off! The times are just too great for the people.
 
The_Krakenite said:
A lot of people I know have switched to working TWO jobs now, because they can't get by on the original full-time one they had. This includes some of the millennials at my work also, so not just the older.

Of course, the government looks at that as a positive thing. Look, TWO jobs per person now! Woah! The economy is so HOT right now, we need to cool it off! The times are just too great for the people.
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How many is a lot? And what kind of full time jobs are we talking about? (minimum wage)
How would you decribe the wages at your work? Without revealing any personal info how would you describe the salary your co-workers receive? (Canadian poverty line is just under 40K for a family of 4; $16.66/hr 40 hrs per week)
 
The_Krakenite said:
A lot of people I know have switched to working TWO jobs now, because they can't get by on the original full-time one they had. This includes some of the millennials at my work also, so not just the older.

Of course, the government looks at that as a positive thing. Look, TWO jobs per person now! Woah! The economy is so HOT right now, we need to cool it off! The times are just too great for the people.
More...
Where have you been. "A lot of people" been doing that for a couple of decades now.
 
Jobs.png
 
The question is what’s next, assuming next CPI print is in the high 2s. I see the prices are still too high in the supermarket and gas, which the Fed conveniently ignored, and put out PCE as false flag. Price is cool, jobs are good, what’s the catch?
 
I think the US is far more resilient than many believe. Too many talking heads spin data to score political points but it looks like the economy is rebounding nicely after the shock of COVID.
 
mervyn said:
I see the prices are still too high in the supermarket and gas, which the Fed conveniently ignored, and put out PCE as false flag...
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Well, don't look for beef prices to fall, like, ever. We're at ATH for beef futures in the modern era.

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Aug delivery is quoting above $180. Fugheddabouddit.
 
I bet once the CPI print is in the 2 range, folks will be forced to focus on companies earnings, ain’t pretty.

If NVDA 11 billions projection is a huge miss, AI story ends.
 
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