Now that S&P 500 is climbing and a lot are celebrating, does anyone else feel like this is just the tip of the shitberg?
Furbag @ Furbag @lemmy.world Posts 0Comments 1,107Joined 2 yr. ago
Furbag @ Furbag @lemmy.world
Posts
0
Comments
1,107
Joined
2 yr. ago
The 90 day pause on tariffs is doing all the heavy lifting right now. We're going back into crisis mode in a few months.
Meanwhile, the stock market isn't the only indicator of economic health. Mass layoffs are still happening, prices aren't falling, inflation is still at risk to blow up again, consumer spending is down, and all the major banks are predicting a recession with better than coin flip odds.
We're absolutely not out of the woods yet.