Giuliano Giacaglia 🌲 pfp
Giuliano Giacaglia 🌲
@giu
We are in a recession. Do you think this is right?
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Joe Toledano pfp
Joe Toledano
@joetoledano
Not at all an expert here but curious if you think record-level US credit-card debt is also a concerning signal here: https://www.lendingtree.com/credit-cards/credit-card-debt-statistics/
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Nicholas Charriere pfp
Nicholas Charriere
@pushix
I think it’s partially true but Tesla is also subject to fierce competition with new EVs. In my neighborhood, I’m seeing a lot of Rivians, Hyundai, Kia, BMW EVs. I believe they opened up their charging network? Might be another cause
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IP pfp
IP
@ivanpomidorov
Overall auto sales are predicted to be 3% up from 2023, ad spend is up about 30% from 2023, unemployment is low, where’s the recession?
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Ced pfp
Ced
@cedyf
Any other signs
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Matthew Proffitt pfp
Matthew Proffitt
@fintechproffitt
I suspect that recession may be comparable to a speed bump, while we are on course for one of those "rim-cracking" potholes on the interstate, with a convoy of tractor trailers running in a line in the other lane, so to speak.
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Palomiex πŸˆβ€β¬›πŸŽ© pfp
Palomiex πŸˆβ€β¬›πŸŽ©
@apalomar.eth
Sure, here's the Check the assets that should perform well in that environment and be flexible. Investing is not easy. We are in the 1940s-1950s investing regime.
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tyler ↑ pfp
tyler ↑
@trh
Given that Tesla and Apple and only a few others are propping up the S&P, this doesn’t bode well. οΏΌ
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Maxmadmax pfp
Maxmadmax
@max3665
Probably yes
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dayvoid97 🎩 pfp
dayvoid97 🎩
@kanchan
When food is so expensive it’s hard to decide on buying an elektric car. Same for the iPhones. Aren’t they targeting a recession anyways?
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xylol.ethπŸ”΅πŸŽ©β†‘πŸ– pfp
xylol.ethπŸ”΅πŸŽ©β†‘πŸ–
@xylol.eth
Yep, 100% and those promised rate drops will keep getting pushed back
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Ev | μœ μ§„ πŸ‡¨πŸ‡¦ pfp
Ev | μœ μ§„ πŸ‡¨πŸ‡¦
@tch
Sounds about right. I’d add that a) government often revises figures quietly 9-12 months later, and b) in places like Canada or US all the immigrants add to the GDP growth (not per capita), so most western economies are definitely declining. 111 $degen
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