Originally Posted by
Bottlen0se
I’m fairly confident we are already in recession and by the end of 2023 maybe early 2024 the economic recovery will actually begin. We probably won’t notice it in the airlines because peoples habits have changed and I believe air travel is prioritized right now vs consumerism. This is a great stock market buying opportunity for long term investors no matter how you cut it. I also think the outrageous calls for exploding oil are hyperbole. I saw same calls for oil from energy bulls in 2008 and what happened.. If all you listen to are doomsday pushers it will put a black cloud over your head. The reality is we will bounce back.
Do you need even know what a recession is? The Atlanta Fed is predicting 4.3% Q4 growth, that’s not a recession. We had a mild recession in Q1 and Q2 this year with negative gdp in both quarters but the White House changed the definition of recession for political reasons. There’s always another recession on the horizon but the numbers don’t indicate that it is anytime soon.