[whell]

Originally Posted by Chicks

Wall Street’s Dr. Doom is sounding downright sunny as he predicts a ‘short and shallow’ recession or even no recession at all instead of the epic collapse he saw in 2022
Nouriel Roubini saw a “variant of another Great Depression” less than a year ago, but now he’s open to a soft landing without any recession at all.
https://fortune.com/2023/09/18/dr-do...t-landing/amp/

The Biden Economy overcomes the worst efforts of Whell’s World to destroy it. Thanks Joe!

So he was wrong about 2022. What makes you want to take him at his word about 2023 - 2024?

Meanwhile:

https://www.lendingtree.com/credit-c...bt-statistics/
Americans’ total credit card balance is $1.031 trillion in the second quarter of 2023, according to the latest consumer debt data from the Federal Reserve Bank of New York. That’s up from the first quarter of 2023’s record number, leaving the balance the highest since the New York Fed began tracking in 1999.

https://www.usinflationcalculator.co...flation-rates/
The annual inflation rate for the United States was 3.7% for the 12 months ended August, according to U.S. Labor Department data published on Sept. 13, 2023. This follows a rise of 3.2% in the previous period.

https://www.statista.com/statistics/...es-since-1990/
In September 2022, the national debt of the United States had risen up to 30.93 trillion U.S. dollars. The national debt per capita had risen to 85,552 U.S. dollars in 2021. As represented by the statistic above, the public debt of the United States has been continuously rising.