James Daulton
Footballguy
I've heard some talk about an inevitable recession in 2022. Let's discuss where we are currently. Inflation is an issue, a worldwide issue, but obviously an issue that needs to be addressed. The Fed has a plan to raise interest rates to combat inflation and cool things down. Not sure it will work but at least I doubt the Fed chair will get crap talked by the current POTUS so he should not have to deal with that. So worldwide inflation really bad so that's a negative.
However, on the plus side, a ton of jobs were just added and unemployment is down to 3.8%. Essentially as low as its been in modern history. GDP, after a horrible 2020 and lackluster prior 3 years, was 5.7%, with a strong 4th quarter.
So while inflation and gas prices are serious issues that need to be corrected ASAP, covid going away and the health of the economy otherwise give me a lot of hope for 2022.
However, on the plus side, a ton of jobs were just added and unemployment is down to 3.8%. Essentially as low as its been in modern history. GDP, after a horrible 2020 and lackluster prior 3 years, was 5.7%, with a strong 4th quarter.
So while inflation and gas prices are serious issues that need to be corrected ASAP, covid going away and the health of the economy otherwise give me a lot of hope for 2022.
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