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this post was submitted on 26 Dec 2023
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politics
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The looming recession talk is over. They’re ready to start making real money in the stock market again and are tired of the impact the recession talk had this year. It’s no surprise that it’s been about bang on a year since the recession talk started as we came into 2023 and the stock market hit record highs as we’re coming into 2024.
It was all fabricated for… reasons. Big orgs wanted to lay people off for some reason. Investment bankers wanted to gobble up securities for cheaper. Real estate firms wanted to drive down the real cost of homes (higher interest rates = lower sale price but higher cost to families, firms benefit by paying cash). They wanted it so they made it happen. They no longer want it so it’ll end.
Indeed. Much as though I like my payments from JP Morgan, Jamie Diamon was one of the first to scream recession. He did that to increase his own wealth, not any other reason.