The Official Start of the Recession: It’s Now Official

by | Dec 29, 2023 | Recession News | 17 comments

The Official Start of the Recession: It’s Now Official




#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #income #fed #federalreserve
The last thing standing in the way of full-blown recession in the US was the jobs market. Was. October payroll report confirms the recent renewed downturn after the disinflation rebound ended is exactly what we’ve feared all along. A break down of the data and market reaction.

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It’s official: the recession has just started

The global economy is facing a tumultuous period as the news has just emerged that the recession has officially started. Economists had been warning of a looming recession for months now, but the confirmation has finally arrived. The economic downturn has already started to have significant impacts on businesses and individuals around the world.

The outbreak of the COVID-19 pandemic has greatly contributed to the current economic crisis. Governments across the globe have implemented strict lockdown measures to contain the spread of the virus. These measures have led to widespread business closures, mass layoffs, and disrupted supply chains. As a result, economic activity has rapidly declined, leading to a recession.

The recession has hit various sectors of the economy, including the hospitality, tourism, and retail industries. Many businesses within these sectors have been forced to shut down, while others are struggling to survive. In addition, the unemployment rate has surged, leaving millions of people without work and struggling to make ends meet. The impact of the recession has been felt by both large corporations and small businesses, and it’s likely to continue for the foreseeable future.

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The effects of the recession have also been felt in financial markets, with stock prices plummeting and volatility increasing. Investors are on edge as they navigate through uncertain times, unsure of how the recession will continue to impact the markets. The economic uncertainty has led to a decrease in consumer confidence, with many individuals and households reassessing their spending and saving habits.

As a result of the recession, governments are being forced to take drastic measures to prop up their economies. Central banks are slashing interest rates and implementing quantitative easing programs to inject liquidity into the financial system. Governments are also rolling out stimulus packages to support businesses and individuals through these challenging times.

The road to recovery from this recession will be long and arduous. It will require coordinated efforts from governments, businesses, and individuals to rebuild the economy and restore consumer confidence. The pandemic has accelerated the need for digital transformation and innovation, as businesses adapt to the new normal and seek out new opportunities for growth.

It’s essential for people to stay informed and educated about the current economic situation. Understanding the impacts of the recession can help individuals and businesses make informed decisions about their finances and investments. It’s also important to seek out support and resources during this time, whether it’s financial assistance from the government or seeking out new opportunities for employment or entrepreneurship.

The confirmation that the recession has started is a sobering reminder of the challenges that lie ahead. However, with resilience and determination, the global economy can eventually recover from this crisis. It’s crucial for everyone to come together and work towards a brighter future.

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17 Comments

  1. @stevecooks8371

    Hey, have you guys seen the market lately? My stock portfolio has taken quite a hit, My tech stocks have been plummeting. And also my energy sector investments have also been suffering. I have lost almost $120K in my stock portfolio. it's been a rough ride.

  2. @geraldt331

    The fin-Market have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoIio of $250k is down to $192k any recommendation;s to scale up my return;s during this crash will be highly appreciated.

  3. @Deborah_C1

    You cannot cut your way out of recession you've got to invest your way out of recession, the Conservative party are in the dark ages on policy they've got to think again. My primary concern is how to maximize my savings/retirement fund of about $170k which has been sitting duck since forever with zero to no gains.

  4. @JackAndrea.

    If you are properly prepared and knowledgeable, every crash/collapse/inflation or recession gives an equal market opportunity. I've seen folks amass up to $800,000 throughout crises and even do it with ease in a terrible economy. Without a doubt, someone has become enormously wealthy as a result of the crash.

  5. @zachales995

    Hey guys, have you seen the market lately? My stock portfolio took quite a hit, my tech stocks took a big hit. And my investments in the energy sector also suffered. I lost almost $120,000 in my stock portfolio. It was a tough ride.

  6. @dawsondanny990

    This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down

  7. @PandorasFolly

    My favorite indicator is the Stripper Index. Mostly because it is a canary indicator and they are the first to know if economic issues are happening.

    From that index we have been on a slide into slowdown since july 2022 and an actual recessionfor about 8 months

  8. @rimanahid7581

    Do u need a professional youtube thumbnail designer?

  9. @BigWyrm67

    What a jackass.

  10. @selenajack2036

    I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.

  11. @Nernst96

    Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.

  12. @ceciliaferraro6360

    Great great great content thanks Jeff love love.

  13. @HenusTech

    There are always people against the trends. Wish you all the best.

  14. @ezkappdo

    yep.

  15. @quidproquo3933

    just change the definition and close your eyes

  16. @ask_why000

    Not so fast…

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