20 sats \ 0 replies \ @Modus 22 Jun 2022 \ on: Does anyone else notice anything weird happening with American Corporations? bitcoin
I'm the fourth comment here but for some reason I'm the first person to say...
Yes. You are correct. Whether it's technically an official recession* or not, companies are tightening their belts.
*2 quarters (6 months) of negative GDP growth as measured by the NBER after the 2 quarters are over.