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MSG Stan Hutchison
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Of course the right-wingers will never admit anything good happening while Joe Biden is still POTUS.
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SGT Air Defense Radar Repairer
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Predictions were based on bad models. We experienced a pandemic. The world's factories and economies shut down to minimize the death toll. The worked restarted which caused people to spend as if nothing happened. A horrible thing when the world business model is just in time inventory system. Oops. So with too much money chasing to few products prices spike. A natural consequence of starting up after a wirkd wide shutdown. Then comes the price gouging, equipment shutdowns due to no replacement parts or labor shortages.

So with higher interest rates, inflation, fundamental changes in how business operates causing societal changes I would hazard a guess that a recession will occur as we find our new normal with all of its changes.

The recession is coming but for now its taken a detour and has stopped to smell the
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MSG Civilian Investigator
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Right.................................................things are great.

Liberals will never admit things got bad under Biden. They won't admit that reckless spending of over 3 trillion on social spending wrecked the economy.

Over 7% mortgage rates. In 2020, you could get 2.25%
Over 7% interest rates, In 2020 it was 1.4%.
Gas prices, over 3.75 from a high of over 5.00 a year ago. It was 2.25 in 2020.
The unemployment rate under Biden still has not gotten lower than it was under Trump in Feb 2020 despite 3.5 years after the Pandemic started
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