Damn, those recession truthers must be in shambles right now.

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Welp, pack it up experts and central banks. OP figured it out. We’re good! Single data point heading upwards at one point in time means we’re all in the clear.

likeupliftingfunny

I’m a democrat and can differentiate the fluctuations of the economy and corporate greed from political party. A political party usually does not have much power over recession. Not the comment you thought it was

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Our company’s Q3 growth is the 2nd largest in history but we’re preparing for a recession. UK based

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I come here for my hard hitting economic and political commentary

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Vibes!

Hopefully this is "at pace" to end the recession. Q1 ans Q2 was in red.

So the Fed should go ahead and keep tightening to address inflation?

Yes!!! It’s not should, that’s what’s going to happen. They can’t control inflation with these rates.

Hm

We’ll know the recession is here when the s&p bottoms. I’m not seeing a bottom yet.

@OP the positive GDP print was primarily due to a favorable export trade imbalance in the US' favor. That's quickly going to reverse because of the strength of the dollar.

Meanwhile, consumer spending in Q3 was weaker than in Q1, fixed investment is dramatically reduced (think new resi-/commercial construction), PMI is almost into contraction territory at 50.2% (anything below 50% is a contraction), and the 10-yr / 3-mo yields are inverted.

We're not *in* a recession, but we're like Wile E. Coyote who's already gone off the cliff, but he hasn't looked down yet so the laws of gravity haven't taken hold yet...

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