The US is now in recession

The U.S. economy is currently facing a period of uncertainty and speculation about a potential recession. Despite these concerns, some key indicators suggest that the economy might avoid a full-blown recession in the near future
 
VicBee said:
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.
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Looks like my July statement is holding true from an economic and political standpoints.
 
I doubt you will see a real recession with a huge labor shortage.

Similar to pre-1920s boom or post-WWII, although the 1950s & 1960s boom was largely a result of the collapse of the European capacity for obvious reasons. Modern capitalism itself is probably a consequence of the labor shortage created by the Black Plague.
 
Define “recession”, 2 consecutive negative GDP is not happening. Everyone has multiple jobs/income streams now, to make ends meet or try to save for retirement. My friend’s wife, who is a stay home mom, now cooks cookies and sell to customers via these food delivery apps from home. Never thought they are lack of money to put foods on the table but they are unsecured.
 
"FedEx didn’t help the “soft landing” narrative today when its shares dropped over 10% after the company reported a miss in quarterly profits and lowered its full-year revenue forecast, citing decreased demand from the US Postal Service. Delivery stocks like FedEx and UPS have long been looked at as “canaries in the coal mine.” The FedEx canary might be dead."

Maybe things can be shipped via cloud these days.
 
I think a soft landing is still in the plays. Fedex reporting lower shipments dies mean something however everybody who wanted to order smth online did so during the pandemic. Or shortly thereafter when the cashflow got better.
 
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