US economy continues to surprise | LinkedIn

Predictions were based on bad models. We experienced a pandemic. The world's factories and economies shut down to minimize the death toll. The worked restarted which caused people to spend as if nothing happened. A horrible thing when the world business model is just in time inventory system. Oops. So with too much money chasing to few products prices spike. A natural consequence of starting up after a wirkd wide shutdown. Then comes the price gouging, equipment shutdowns due to no replacement parts or labor shortages.

So with higher interest rates, inflation, fundamental changes in how business operates causing societal changes I would hazard a guess that a recession will occur as we find our new normal with all of its changes.

The recession is coming but for now its taken a detour and has stopped to smell the

Of course the right-wingers will never admit anything good happening while Joe Biden is still POTUS.