Banks are Bracing for a Recession as Treasury Yields Surge

How much Debt did we have then?
The effect of higher rates is multiplied by the huge increase in the National debt since the late 90’s.

The late 90’s also appeared great until the dot con crash wiped it out…

 

Odd that I hear many experts on CNBC using the 2 consecutive quarters of negative GDP as criteria for a recession, I guess those guys are all idiots too?
I guess CNBC is reporting fake news

 

Can you find me an official link that shows we had a recession in 2022?

 

Did I say that?
It’s all over the place that generally 2 consecutive quarters of negative GDP is considered to be a recession.

Perhaps you should take it up with all the guest experts on the leading business and financial channel who quote that metric.

 

Liberals own the media and the government.
Here’s something though.
U.S. recession ended in April 2020, making it shortest on record

 

I am now dumber having to read the takes in this thread by @mdgator05. Like arguing with a flat earth’r.

 

Your stock “brocker” is an idiot if he’s making significant short term changes based on backwards looking data. It was a nice attempt at a dig though.

Call your broker (who the hell still calls them a broker anyway) and have him/her tell you the definition of a recession. Report back because I’m on pins and needles.

 

Per todays data: Job market/payrolls still running red hot. What was that talk about imminent recession? Seems the fear of recession was greatly exaggerated.

Based on futures, market doesn’t like even the possibility of higher rates, but it seems the fed just can’t kill this economy. I love how right wing “economists”/talking heads are feverishly trying to figure out how to find negatives out of this report. Fox Business channel talking heads super depressed right now, even they are having a hard time spinning it (one dude even pulled a “forget the data, look at the polls!!!!”… on a business channel? LMAO.

Let’s face it, it’s a Goldilocks jobs report for the fed (strong job growth + continually moderating wage growth). The only “negative” is it could be a high water mark, even without a full recession surely as wage growth slows you might get less juice in the labor market participation (more people choosing to retire or stay on the sidelines if wages stop growing).

 

Someone remind me every 6 months to make a post saying that a recession is coming. Eventually I will be right

 

I'm sorry that NBER, the group that defines recessions, Macroeconomics textbooks, and just about any credible source that you could find disagrees with you. But that is why you aren't really bringing anything to the table here.

 

I hope not.
Why are you wishing hurt on Americans?

 

We're going to have another stock crash. the big question is when. Our economic cycle has been leading up to this. Did you think interest rates would stay low forever? they're finally going up and it seems like all people want to do is complain about it. I hope you all have been preparing for this instead of waiting until it's happening.

 

Don't have a stock broker. But if I called one and they blindly said '2 quarters of negative GDP growth' I'll know they don't know what they're talking about.

 

Of course rates would go up it’s the speed they went up, usually is over the course of years not months. Plus they were at record lows for years.
People got used to cheap money.

Doesn’t phase me in the least really my rate is low, not buying a new car or house anytime soon.

 

I guess CBNC needs to clear their slate of expert commentators by that definition then I hear it all the time from them…

 

It sure does bother you guys that 2 quarters of negative GDP growth isn't necessarily a recession.