Thread: AIP Reached
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Old 05-29-2023 | 06:34 AM
  #328  
TankerDriver
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Originally Posted by FNGFO
Clearly, but they’re happy to push off a contract for said recession when it’s a given looming on the horizon.

Suggesting that I posited CEO’s just randomly hope for downturns from that post would be a special failure of reading comprehension.
There is no recession. There won't be a recession. "Experts" said there'd be a recession by Q2 2023. Here we are and the NASDAQ is booming and the S&P is up 1.5% as of last week. This inflation was self-inflicted by limited supply of commodities through COVID lockdowns and paying people more to stay home from work. Businesses were forced to bring people back at higher pay rates during the rebound and had to raise the prices of their services to pay them. Income for low-wage workers went up 10% since pandemic, but.... let's raise interest rates. That'll help. All that did was destroy a few banks. People are still buying homes and cars at 6.5-7% loans and they'll refinance when things get back to normal. This cycle has gone on for decades. We're going into elections. There won't be a recession.