I just want to make something clear. The definition of a recession includes:
The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country's gross domestic product (GDP)
https://www.investopedia.com/terms/r/recession.asp
The GDP of the US and Canada (I'm just gonna focus on North America) has been on fire for the last year showing no signs of weakness. This is why interest rates are moving up, and why the Fed and BoC is so hawkish.
But GDP doesn't necessarily relate directly to the stock markets. What we're seeing is a crash (correction.. pick your term) and that's all we can say. To somehow imply we're entering a recession when most (not all) high level economic indicators are fairly positive is asinine at best, and destructive at worst.
Submitted October 29, 2018 at 08:38PM by suckfail https://ift.tt/2Az6xuW
