And we have initial unemployment claims rose slightly, up to 217,000 from 214,000, 3rd quarter GDP rose at a 2.6% annual rate, and home mortgages hit 7%, more than twice the rate was a year ago.
I'm certain that we are going to end up in a recession, if just because the psychopathic bankers at the Federal Reserve are determined to create a recession.
As to the timing and the depth of the recession? ¯\_(ツ)_/¯
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A member of the Democratic wing of the Democratic party, and a fan of Bernie who thinks Neoliberal (DLC/New Dem) trickle down conomics sucks.Mechanical Engineer with a background in defense, electronics packaging, medical & food equipment, transportation, and manufacturing.
In my spare time (Hah!), I am the developer of the Firefox addon, bbCode for Web Extensions (bbCodeWebEx).
I have two cats, a black cat, and a gray and white long hair cat, who keep me on my toes. (Because he keeps attacking my feet)
I am a Jew and a Zionist, who is married to a woman with exquisitely bad taste in men, and I have two remarkable children with her.
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