Breaking: Only 60% of CEOs can see blindingly obvious outcomes.
6mo isn’t a long time in the grand scheme of things. The rest probably expect the recession to kick in 26/27
CEOs can’t plan past a 3-month window, so that 60% can even think 6 months in the future is quite amazing.
I see you’re one of those people who think all CEOs are intelligent people who rose to the top through hard work and determination.
Recession is a curious phenomenon, because its predicated on a changing rate of a figure that the Bureau of Labor and Statistics ultimately defines. It is very possible for the US economy to rot to its bones while the officially calculated GDP figure continues to inflate to the moon. Just keep pumping the value of fictitious capital while you people sink into individualized poverty long enough and eventually you’ll have six High Frequency Trading accounts hot-swapping the same basket of derivatives of derivatives in an upward spiral forever.
You don’t even really need a material economy, just so long as you’re willing to concede that a steadily rising Big Number is the singular purpose of the financial system.
And when that happens, will we hold the orange buffoon who caused it to account? Or will we all just shrug?
It will be the Biden economy’s fault for sure.
"Who knew the global economy could be so complicated? :shrug: "
Do you want optimism or honesty?
Homelessness increases, poor people will get jailed for trying to exists, rich people will make more money, illegal drug sales will increase, prostitution will increase, innocent people will kill themselves …etc.
You have to understand it never was about us, the game that they play is strictly for those that play it and everyone else gets used.
If it was Xi and the CCP were doing this their citizens would overthrow them in a month.
Was there any information about what percent expected death? Asking for a friend.
When the US, YET AGAIN causes a global economic meltdown due to their dangerous policies (from how they do their so called democracy to how they let bankers do whatever the cocaine they want) can we please PLEASE just kick them in a corner and stop allowing them to be a super power?
Also, can we please jail billionaires? Just all of them would be fine at this point. Billionaires have brought nothing good to this world, get rid of them, get rid of the idea, there should be no such thing as a billionaire. Not even a cent millionaire or whatever you’d call that. Nobody should have a net worth of more than 7 digits, period. Get rid of those countries and assholes, implement normal and sane economic policies and watch the world bloom.
Why jail? We have volcanoes and forgotten gods that could use a sacrifice.
And are those CEOs planning to put pressure on the idiot who is directly causing this “tariff turmoil”?
They already are. Why do you think the Toddler in Chief keeps walking stuff back?
Yet he keeps introducing new random stupid “policies”.
He needs to be fully shut down.
Because he has fans and backers. He needs to court both to survive.
The working and middle classes are effectively in a permanent recession now, anyway.
No offense, but when it comes to a recession, I’ll just believe it’s happening when it’s actually fucking here. The massive amount of financial doomsday ‘expert’ predictions I’ve heard in the past 10 years have made the art of predicting a complete joke.
Like, I’m sure it’ll happen at some point. The market is cyclical and has a tendency to bubble and boil over, but the catalyst to pin-pop the balloon is the impossible piece to predict in the temporal realm (unless someone manufactures the catalyst artificially…).
I’ll just say this, if Trumps recent actions don’t cause a recession this year then the US market is strong af and I’ll never doubt its ability to recover ever again
It makes no sense to me that you can slap tariffs on everyone, spit in the face of all your allies and still have stonk go up
Stonks go up if profits exceed analyst expectations. The Ai stocks have pulled the entire market up the last year, even when ordinary people had much less money left and everything was much more expensive due to inflation.
I think probably it will continue to do that actually, since Ai is the new hype, and tons of startup companies are launching Ai products.
Most will fail of course but it still drives the profits for the cloud companies hosting the infra, or Nvidia and those who make the hardware.
You can’t know a recession is happening until after it’s already happened. It’s defined as two consecutive quarters with negative growth, meaning you won’t know until 6 months after it began.
