CNN now admits we "may" be in a recession. A recession is clearly defined as 2 consecutive quarters of economic downturn. There's no "maybe"

@Khenpal1 and many economists say that a recession is absolutely avoidable. It will depend on the expert analysis and consensus of those qualified to judge. There will also depend on the decisions we all make at every level.

@Graylight its a global event , much out of control . It will take years to remade. Just mutual dependence of USA- China will cause recession.

@Khenpal1 Perhaps you could share your degree in global economics. And maybe your favorite model or the one pertinent to this situation.

@Graylight A lot of US companies invested in China and emerging economies in Asia and their economies are for slow down. It means money loss . Asia will be forced to sell out their US value papers if they have to survive. China is going for 10 year period with limited or no grow at all. Its something which will be visible in 2-3 years time as most data out of China are cooked. Also interest rates are Globally up , slowing any new investments. A lot of projects are postponed due to uncertainty of total costs .

@Khenpal1 And yet nothing that addresses the previous post.

@Graylight no need for that.

@Khenpal1 For asking your credentials for discussing such a complex topic?

@Graylight here, you are joking 😂 place is full of fanatic Trump supporters. It will be waste of time, just wrong forum.

@Khenpal1 And yet I'm only asking you.

@Khenpal1 By the way, US inflation is down for the 2nd straight month, leading gas prices to fall as well. So... so much for fatalism.

@Graylight Where are you getting your news from? CNN?

These were some of the Headlines today!

[b] CNBC - Dow tumbles 1,200 points for worst day since June 2020 after hot inflation report
[/b]

[b]ABC NEWS - Consumer prices rise unexpectedly in August, sending stock market tumbling[/b]

[b]
Yahoo Finance -
'More heavy lifting ahead': Wall Street reacts to August's shock inflation data
[/b]

@RocktheHouse Lines don't mean anything. It's the interpretation and analysis of them against known patterns and templates that communicate their meaning.

But if you saw it on the interwebz, then it's gotta be true.