Unpopular opinion: Declaring the economy in or out if recession does not help anyone outside of propagandists and journalists. High corporate profits and high inflation. Those need to be addressed regardless of recession or not. If you call it one, they will use it as cause for even more layoffs and price hikes if you don't they will use it as reason to avoid measures to regulate their greed because afterall their greed is preventing a recession.
Truth is we will have to wait until 2023 or later to call this a recession.
My suspicion is this is all wallstreet's shenanigans. There is a growing labor rights movement and this climate makes it hard to pass any laws that support the movement. "Minimum wage caused low profits and an unrecoverable bear market" is the sentiment they want to spread (by they I mean the market makers and investment bankers of wallstreet).
Truth is we will have to wait until 2023 or later to call this a recession.
My suspicion is this is all wallstreet's shenanigans. There is a growing labor rights movement and this climate makes it hard to pass any laws that support the movement. "Minimum wage caused low profits and an unrecoverable bear market" is the sentiment they want to spread (by they I mean the market makers and investment bankers of wallstreet).