A recession is likely to come in ‘early 2023’ despite a 2.6% GDP increase in the third quarter, says CNBC Economics Editor Jeff Cox. Economic concerns come as inflationary pressures continue and consumers are spending less. “We saw a drop-off in consumer spending, the pace of increase there, falling, of course, as prices continue to rise,” Cox said. NBC News Correspondent Josh Lederman, Jason Furman and Omair Sharif join Meet the Press NOW to discuss the state of the economy.
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#NBCNews #Recession #Economy…(read more)
BREAKING: Recession News
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Despite a recent report showing GDP growth, many economists and market analysts are predicting an impending recession in early 2023.
The report, which showed US GDP growing at an annual rate of 6.4% in the first quarter of 2021, was certainly a positive sign of economic recovery. However, it is important to consider the long-term effects of the pandemic on the economy.
One major factor is the growing debt that the US government has incurred due to pandemic relief efforts. While necessary, this debt will need to be paid back in the future, potentially leading to higher taxes and reduced government spending which can have negative effects on the economy.
Additionally, the pandemic has caused disruptions in supply chains and labor markets that could persist for years. These disruptions could lead to higher inflation and reduced economic growth.
Another factor is the potential for a bubble in the stock market, heavily fueled by low interest rates and stimulus measures. If this bubble were to burst, it could lead to a market crash with cascading effects on the broader economy.
Furthermore, there is the potential for geopolitical concerns such as trade wars or military conflicts to disrupt the global economy.
While it is important to acknowledge the positive signs of economic recovery, it is equally important to prepare for the possibility of a recession. Businesses and individuals should consider creating contingency plans to weather potential economic storms.
In conclusion, the recent GDP growth report is certainly a positive sign, but the looming threat of a recession in 2023 should not be ignored. Preparing for potential economic downturns can help individuals and businesses mitigate the negative effects and emerge stronger on the other side.
A recession as bad it can be, provides good buying opportunities in the markets if you're careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn't king at all in this time.
This recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.
According to most top economists, America hasn't recovered since 2008.
We have got to cut ties with Russia and China and ban with the rest of the world to end this madness
patents ✅️
great example ppl often confuse sell off of assets w actual market boost even gdp For example a company can go private stocks would boost but decline until next yearly report
There is a big difference between job growth and people actually working, why are they not mentioning it
on many earnings calls, corporate leaders admit to inflating prices because they can right now not because they have to
the stimulus was about 1200 dollars you are nuts if you think most americans didn’t blow through that long ago
'To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough . I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?
Starting early is the best way of getting ahead to build wealth, investing remains a priority. Even in a downtrend, the stock market/crypto has plenty of opportunities to earn a decent payout, with the right skills and proper understanding of how the market works.
I have been buying some stocks since the beginning of the year, but nothing substantial. Why am I treating this poorly? However, people in the same profession are earning six figures on articles, which inspires me to aim toward becoming the first person in my polygamous family to hit the million dollar mark. I am perfectly aware that working harder to gain more money is expensive.
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
How about stop dumping billions into Ukraine
At our house, we pay more than $2500.00 per month for foods, oil and gas, and children school meals more than we did prior to the pandemic. Luckily, my wife and I make good money. Therefore, the increase only do a small dense on our monthly budget.
I like dollars cash or transver in cash education
Major indexes booked their worst yearly performance since 2008 thanks to drivers like the recession, war, hiked interest rate and inflation which so far doesn’t seem to be easing off, so I’m left wondering what 2023 has in store for us investors, I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here, is it a good time to buy or do I wait?
Now is the time to become a Biblical Christian and live in contentment.
Chucky is so .
"GDP Growth" is just another term for inflation.
Prices going up, salaries going up, interest rates going up.
But standard of living sliding down.
Where are the capital rioters w/ guns when we need them ? I say DO ANOTHER ONE !
Democrats doing what they do best bring recessions
The Act of 1871 which created a sealed document Constitution of a Washington DC Corporation called UNITED STATES OF AMERICA INC. different from the country of 50 smaller unions or states. The Corporation head of the snake is and was the Federal Reserve private banking cartel system of Central Banking fractional reserve interest lending to USA Inc to Washington DC system that the citizens or indentured servants are indebted to until they die. You after the bankruptcy of 1931 and restructuring plan in the Emergency Banking Act of 1933 under FDR first year (another freemason criminal) the create Emergency War powers and gave sovereignty to Vatican Crown system at that time and a New Deal system of using Birth Certificates( use to be called Certificate of Live Birth) which no one has their original ever (because they use to a bond debt document) and it has a official Corporation seal on it and social security was all created to print money off citizens lives and their life expectancy of how much they would estimate they would make and live by statistics. All citizens in this country are traded on Stock Market exchanges when US Treasury Bonds are sold as we are collateral to debt payments that never end in their current system that's Bankrupt.
Instead of trying to predict and prognosticate whether or not we’re going into a recession and precisely when it’s going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
..Biden
loading….
(by download)
I thought that we had already entered one or was the old definition too much of a bother for the current boneheads in the White House and Congress?
We are already in a recession. So tired of the lies. They must think we are incredibly stupid.