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| Economy | |
| It Won't Be a Recession‐It Will Just Feel Like One WSJ | |
| 2024-01-14 | |
| [WSJ] The good news is the probability of a recession is down sharply, according to The Wall Street Journal’s latest survey of economists. The bad news is that, for a lot of people, it is still going to feel like a recession. Business and academic economists surveyed by the Journal lowered the probability of a recession within the next year, to 39% from 48% in the October survey. "A recession in the year ahead seems less likely than it appeared at the start of 2023, since interest rates are trending lower, gas prices are down from last year, and incomes are growing faster than inflation," said Bill Adams, chief economist at Comerica Bank . Still, economists on average expect the economy to grow just 1% in 2024, about half its normal long-run rate, and a significant slowing from an estimated 2.6% in 2023.
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| Posted by:The Walking Unvaxed |
| #3 That makes it all better. The fact is that they've manipulated the the numbers and fudge factors to the point that they can 'pencil whip' a recession into or out of existence. But they would never do this for political ends. Never, never never. Pinky swear. |
| Posted by: ed in texas 2024-01-14 18:29 |
| #2 Voters doubt Biden economy, citing high grocery prices and interest rates: 'We still can't afford things' |
| Posted by: Skidmark 2024-01-14 14:20 |
| #1 interest rates are trending lower, gas prices are down from last year, and incomes are growing faster than inflation People are borrowing less. Gas prices are manipulated for the election. Incomes are growing because people have run out of savings and are taking 2nd jobs. |
| Posted by: Skidmark 2024-01-14 13:15 |