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U.S. Economic Signals Flash Red as Recession Looms Over Private Sector
780 sats \ 15 comments \ @TomK 22 Aug econ
The U.S. economy continues to send troubling signals. Following dismal labor market reports, more negative economic data has emerged, hinting at a deepening downturn. The flattening yield curve suggests that the nation might already be slipping into a recession, particularly within the private sector, even as artificial government demand obscures the broader picture.
The Chicago Fed National Activity Index (CFNAI) dropped sharply in July, registering -0.34 points, down from -0.09 in June 2024. Historically, the CFNAI has averaged around 0 points since 1967, peaking at 6.26 in June 2020 before plummeting to a record low of -18.12 in April 2020. This recent decline underscores the mounting challenges facing the U.S. economy.
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78 sats \ 4 replies \ @Satosora 22 Aug
Troubled signals? Its on the brink of recession. Even twitter is having problems.
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20 sats \ 3 replies \ @Undisciplined 22 Aug
on the brink of recession.
Worse than that, we're in it already. They just haven't officially declared it, yet. Maybe they'll just change the definition again, so it doesn't hurt Kamala's campaign.
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34 sats \ 2 replies \ @Satosora 22 Aug
Right. We are going through all the signs. Do you think Trump or Kamala will bring it up?
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20 sats \ 1 reply \ @Undisciplined 22 Aug
No, but it will recover eventually, despite their best efforts.
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25 sats \ 0 replies \ @Satosora 22 Aug
Right, just takes time.
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69 sats \ 0 replies \ @TheMorningStar 22 Aug
These aren't good signs for other currencies as well. USA's recession would lead to other currencies fall drastically. The most impacted ones will be Yen and Euro!
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47 sats \ 1 reply \ @Coinsreporter 22 Aug
If we ask to Kamala Harris, she will say that we are thankful to Bidenomics because he didn't let us slip at 90 degree. We saved our economy and now we only need a price control.
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0 sats \ 0 replies \ @TomK OP 23 Aug
It's really hard to follow the intellectual decline of politics these days.
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47 sats \ 1 reply \ @mdominicorobin24 22 Aug
There are ways to get around this mess but it is pulling more mayhem than the problem that we have right now. Practically the solution from the past is just a boilerplate of band aid solutions. AKA. Talking points to appease the angry crowd.
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0 sats \ 0 replies \ @TomK OP 23 Aug
My advice: lock them down again
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47 sats \ 1 reply \ @tuma 22 Aug
Bitcoiners spent the last 2 years warning about a recession. Aaaaaand here we are..
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0 sats \ 0 replies \ @TomK OP 23 Aug
Yep. They need to warm up their printers sooner than they thought
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47 sats \ 0 replies \ @Cje95 22 Aug
After spending months upon months talking about how they saved the economy the Admin and especially Harris now have a little bit of an issue on their hands... Turns out the common folks were right and the stock market doesn't mean we arent getting slaughtered by government spending!
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0 sats \ 0 replies \ @Satoshi__Nakamoto 22 Aug
This may be the sign of trouble
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47 sats \ 0 replies \ @Octopus 22 Aug outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.