Unemployment number has several categories. U3 is what's commonly reported in the news and looks at people who are unemployed and looked in the past 4 weeks. U6 doesn't include that time restriction, includes people who've given up looking either cause they are discouraged or have left the work force but plan to come back at a later date, and includes part time workers who want full time work.

Not in the U6 they aren't. And that number is low as shit.

I will say from a DIY perspective, I do like that the crimping tool comes with a gauge that I can check the joints afterwards to know they are sealed before flipping the water on. Shark bites are a bit more push and sure, guess it's good. That and the cost aspect of crimp rings and fittings vs shark bite fittings favor crimping (assuming you have the tools required).

Depth of inversion also doesn't mean worse recession as the dot com recession had a steeper inversion than 08. We could still have a mild recession vs Armageddon like the post wants to imply.

Not with the amount of morons talking about their war chest of cash licking their lips to pounce at the "bottom".

> A recession is typically declared by experts when a nation’s economy experiences two consecutive quarters of negative gross domestic product (GDP)

The moment I saw this line, I knew the rest of this wall of text would be complete dog shit. And frankly wasn't disappointed.

Let's start with the 2 negative GDP equals a recession. Look at this and kindly explain how we get a 2-month recession in 2020 if that doesn't even equal one fucking quarter.

Layoffs - You examples are solely tech based which went through a massive boom during covid and now that things have settled down, they realized they over fucking hired and are having to adjust.

Stock market - I get this is WSB but the stock market doesn't equal the general economy. With the increase in rates, decent risk adjusted returns can be found outside of stocks. Not a shock to see capital leave over valued equities.

Final note, I would draw your attention to the U6 rate. Every other recession, that rate is going up before we "Officially" hit a recession and during the recession, it fucking goes parabolic. What's the trend been for 2022? Fucking down.

We could easily enter into a recession in 2023 but it sure as shit hasn't happened yet.

My annual raises have always been in the 2-4% range. My job hops have given me raises of 50%, 46%, and 27%. There is certainly a point of diminishing returns where the money to bullshit ratio won't be worth it but I haven't hit it yet.

Actually they did a skit where Walter white was a crazy dream Hal had.