Posted on Apr 28, 2022
Here's why Wall Street is predicting a 2023 recession
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Posted in these groups: 
Economy
Economy
Posted >1 y ago
Responses: 3
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Negative 'growth' of 1.4% for the US in the first quarter, if the second quarter goes negative, the recession is here.
https://www.bea.gov/news/2022/gross-domestic-product-first-quarter-2022-advance-estimate
https://www.bea.gov/news/2022/gross-domestic-product-first-quarter-2022-advance-estimate
Gross Domestic Product, First Quarter 2022 (Advance Estimate) | U.S. Bureau of Economic Analysis...
Real gross domestic product (GDP) decreased at an annual rate of 1.4 percent in the first quarter of 2022 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 6.9 percent. The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency (refer to "Source Data for the Advance Estimate" on page 3). The...
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Itll also be interesting to see if this housing bubble bursts anytime soon and what the fall out of that will be. Lots of houses selling that will actually depreciate in value in the relative short term future.
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I think the unemployment numbers are skewed, a lot. It looks at total population numbers and determines the % of folks looking for work, and right now there are a lot of people that just don't want to work and are sitting on their couches not looking.
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SPC David Willis
That may be but if they dont want to work then they shouldnt be counted as unemployed. The unemployment rate has always been a look at jobs to job seekers in the population. My wife stopped working when COVID hit because our day care fell through and her paycheck would have almost exclusively gone to child care so no she just stays at home. Shes not working but I wouldnt consider her "unemployed" as it pertains to the unemployment rate.
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