Are we in a recession?

For our MoneyWatch series "The Uncertain Economy," Javier David, managing director of business and markets at Axios, talks with CBS News' Anne-Marie Green about what different economic metrics mean for our current recession risk.

#news #economy #recession

[kraftthisile]

It's cheaper to buy a vacation package vs buying food. Let that sink in.

[jrporter]

If you have to ask, then the answer is always yes. A quarter pounder meal at Micky Dees costs 10 bucks btw. Don't forget about the inflation.

[widewinger]

Our fine leaders put us in this position.

[PSSniper]

Yes we are and has already been 5 months since it did start

[leesmith]

Some people haven't had a raise in years.
Some people work 2 jobs.
Some people are spending.
Some people are robbing.
Some people are willing to bend to the governments every desire.
Some people are not willing to let the government enslave them.
It will be interesting the next 2 years.

[martinphillips]

I’m in retail, people are now starting to pull back in the next couple of months , it going to get worse.
If your Walmart is struggling, and others retailers are struggling, than you know it’s bad.

[jeffreyjackson]

I'm not trying to figure it out. You know why? Because no matter what the economy is doing, I don't waver from my priorities: take care of myself mentally, emotionally, spiritually, physically (eat as healthily as I can), save as much as I can as often as I can, and keep my debt under control 😉 A larger income only means more that I can save 😉

[AlexZ-lcnl]

YES. but the merchandise, credit card, gas and food and media companies will tell you we are not. Our own government will tell you we are not…..but we clearly are. When product size is shrinking and prices go up, when homes are 60% above value and we, state agents keep saying “now is the time to buy….” it’s a su let’s game. You either drink the coolaid and flow the stream or see the issue and avoid the mess….

[MrMustangMan]

it means, sales are in the hole.... CPI is 10% under reported.... inflation is more like 18 - 20% [not 8 -
which means adjusted for inflation, retail sales are not flat but negative 8 - 10%....

[SelfMadeGrnd]

You can thank them Biden Administration for this hot mess. Come on maannnn

[pbshumanity]

There are not job openings like that..

[RicardoHernandez-zrpw]

Once the holidays start then everyone will start shopping again. It’s a cycle. The reality of inflation, rate hikes, high gas prices, lots of hiring by every company seems like a recession is inevitable but hopefully it’ll not last long. Plus, the economy will definitely slow down eventually and it’s only a matter of when.

[mollyprysunka]

You’re price gouging a captive market and pointing to “the same spending amounts” as the reason that we’re not in recession. And we had massive layoffs in the tech industry ☹️

[firstlast]

Let's just say we are not getting rich right now.

[haroldcarson]

This all sounds bad, at least my Federal welfare check, S.S. is secure.

[micperez]

It's not a recession, it's worse. It's stagflation

[pbshumanity]

1% of the American population died in 2021 guys, for real. 3.5 million people

[PSSniper]

And now we have to pay other ppl loan (I did not went to the university just to not pay all that crazy amount of money and look I end up paying them btw why do we has to pay them while the university has all that money 🤔🤔😒😒😑😑😑😑

[silvertortoise]

Money has pooled at the top and there is a lot of money that was printed. We have a split society. Half are dying while half are living on their ppp lamps and mommy and daddies money.

[WilliamBrothers]

People are spending, but yes what are they spending it on? People might be buying only practical things they can use and not on leisurely things. The job market is still high specifically for all government jobs since high inflation caused such a massive tax revenue. Once that tax revenue dries up then we'll start to see the layoffs.