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Lagging , yes there is no recession. But look at the projected gdp growth rates - falling off a cliff. Lots of quiet layoffs, Mercedes today talked about brutal EV pricing environment and having to do big discounts.
May take a few quarters until a big slowdown happens, but q4 is already looking like a marked deceleration from Q3.
Luxury is last to get impacted - I.e., Hermes, Ferrari, Porsche GT lol. Look at 2001/02 or even 09/10 environments.
especially since no one in the government knows how to define a recession
A recession is defined by 8 economists that are on the Business Cycle Dating Committee, which is under the umbrella of the National Burreau of Research
(NBER), a private nonprofit ogranization.
A recession is defined by 8 economists that are on the Business Cycle Dating Committee, which is under the umbrella of the National Burreau of Research
(NBER), a private nonprofit ogranization.
great… deliberately vague ‘experts’ with no real metrics, no thanks I will think for myself