Socialism

2844 readers

5 users here now

Beehaw's community for socialists, communists, anarchists, and non-authoritarian leftists (this means anti-capitalists) of all stripes. A place for all leftist and labor news and discussion, as long as you're nice about it.

Non-socialists are welcome to come to learn, though it's hard to get to in-depth discussions if the community is constantly fighting over the basics. We ask that non-socialists please be respectful and try not to turn this into a "left vs right" debate forum by asking leading questions or by trying to draw others into a fight.

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 1 year ago

MODERATORS

[email protected]

More talk about a recession in the US as early as the fourth quarter. Also China's growth is slowing down somewhat. (www.nakedcapitalism.com)

submitted 1 year ago by [email protected] to c/[email protected]

1 comments fedilink hide all child comments

top 1 comments

sorted by: hot top controversial new old

[–] [email protected] 3 points 1 year ago

Here's the best summary I could make of the linked article

The article warns that a recession in the US may hit as early as the fourth quarter due to rising complacency. It argues the Fed's interest rate hikes will not fully impact the economy for another 18-24 months. Several potential shocks are highlighted such as an auto strike, student loan payments resuming, and a spike in oil prices. A slowdown in China and other developing economies is also weighing on global growth. While forecasts still largely expect a soft landing, the article notes that widespread calls for one often precede recessions.

It claims the credit system will face more difficulties as banks tighten lending standards.

Archive.today link to www.nakedcapitalism.com

This comment was generated by a bot. Send comments and complaints via private message.