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Will 2025 be better or worse than 2024?
(lemmy.world)
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this post was submitted on 18 Jul 2024
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Depends on where you live. If you're in the United States, you should definitely be preparing for a imminent incoming recession.
Feel like I've heard this constantly for the last 2-3 years at least. I guess if you keep saying it, someone will eventually hit the right timing and claim credit for having predicted a recession.
Have a look at the unemployment data which just recently hit 4.1% the household jobs survey versus what the government says.l and theres a gap of like 600,000 jobs the government claims that households cant find, consumers have spent themselves into a wall and are pulling back, etc. With inflation being as high as it was and is if it's above GDP then we actually have negative growth.
Maybe, maybe not. I just know that people who try to predict the future are wrong most of the time, especially when it comes to the economy and trying to time the markets. Never works.
Oh, I definitely wouldn't be shorting, or something like that, as I do not have the timing prediction powers for that. Even if I am right, being right in a timeframe is the real problem.