*"If youโre still holding out hope that the Federal Reserve will be able to engineer a soft landing in the US economy, abandon it. A recession is inevitable within the next 12 to 18 months*". This one came out of [Bloomberg](https://www.bloomberg.com/opinion/articles/2022-06-22/the-us-economy-is-headed-for-a-hard-landing#xj4y7vzkg) through Bill Dudley. It is actually *an opinion* type of article, so take it with a grain of salt. There are already quite a few out there, however, claiming that **we are** already in a recession. Hence opinions seem to be mixed. *But sir, what does a recession really mean*? >In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending. [source](https://www.google.com/search?q=what+is+a+recession&oq=what+is+a+recession&aqs=chrome..69i57.3648j0j4&sourceid=chrome&ie=UTF-8) ![crumpled-dollar-bill-cash-recession-usa-economy-stock-crash-poverty-20 (1).jpeg](https://files.peakd.com/file/peakd-hive/acesontop/23xViBY7qQwApDGUtdqxd7vLWr9zztPNkRV5sHxGNsPg5RVCwDYabtnyXCzUkBfu8hU4y.jpeg) I was reading today that about 40% of Americans are going to cut driving for holiday. I don't know what a trade flying instead of driving would be, but there are already signs of a contracting economy in the US. We don't seem to spend that much anymore anywhere in the world. A recession is somehow needed in order to temper high inflation, say the experts, but are we already in a recession? That's the topic of the #askleo post of today. Well, imo we're not there yet. I don't know if it will be 12-18 months before we enter one, as forecasted by Bloomberg, but there are already signs of economical contraction. I'm seeing that in my own town. Living in a touristic area and being close to this type of business for a few years I kind of know when the town is in full throttle regarding tourism and when not. 2020 was the best year ever in this regard. I know it sounds odd, but it's true. Despite being the year of the pandemic we've had tons of tourists in here. The situation we no longer have. It's not like the town is deserted, but it's clear that people are no longer spending that much. Gas and diesel prices have literally gone through the roof and there's no stop to that. Hence we might be probably a few months away from a recession here. I don't think we are there yet, though. What do you think? *Thanks for your attention,* *Adrian* Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@acesontop/askleo-are-we-in-a-recession)
author | acesontop | ||||||
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I fear that in two years many would wish we were in recession in 2022, at least if the conventional definition of the arm are applied (something that lasts 12-18 months). What may ultimately become apparent in 2024 is something exponentially worse and longer lasting. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@drax.leo/re-acesontop-6ian2r)
author | drax.leo |
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we're in a recession but americans, by and large, are really stupid and don't save a dime so they're still spending like there is no tomorrow because there might not be. july 4 I am predicting a riot at least somewhere major in the US and/or a "terror" attack. it's priced in at this point. after july 4, the real panic will start. the hottest days are in late august. they'll keep telling us a recovery is likely and we have a robust economy until q3 is released and they literally can't lie about what those numbers will look like.
author | eatthebugs |
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>july 4 I am predicting a riot at least somewhere major in the US We should have riots all over the world on all sorts of crises that we're currently facing. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@acesontop/re-eatthebugs-2xjpqj)
author | acesontop |
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permlink | re-eatthebugs-2xjpqj |
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Why do you think they're getting rid of legal guns in the Global West while making sure there are LOTs of untraceable guns flooded into Europe all the while they're importing millions of desperately poor, unskilled men, women and their sea of children from Africa and elsewhere? They need the entire world to collapse to be able to take control in the way they want to. It's going to be like a sci-fi movie how much abject suffering and death there is going to be all according to their plan.
author | eatthebugs |
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I believe we are in a recession because of all the supply chain issues Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-acesontop-6ppupt)
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https://twitter.com/AdrianPapava/status/1539602159242825731 <sub> The rewards earned on this comment will go directly to the people( @acesontop ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>
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