[geitir]

Yeah definitely herd mentality and not fears of recession leading indicators

[cratermoon]

What indicators? People have been screaming "recession" for two years now, but the economy is strong. https://www.washingtonpost.com/business/2024/01/28/global-ec...

Keep laying off people to pump up the stock price, and economic disaster might become a self-fulfilling prophesy.

[oceanplexian]

It’s because the economy is not strong and the numbers like CPI, unemployment, and inflation have been manipulated (By manipulating the basket of goods or changing the definition of unemployment) to paint a rosy picture that doesn’t match reality.

[pbhowmic]

They have been saying recession is 6 months away for two years now.

[geitir]

https://www.newyorkfed.org/research/capital_markets/ycfaq#/i...