Are we already in the age of hiding the truth on a recession? A couple people I know keep saying th

[human1234]

Are we already in the age of hiding the truth on a recession?

A couple people I know keep saying the news is not being allowed to report bad economic headlines.  Google Tourism down at Utah National Parks and you see nothing. Google Moab, Utah tourism down, fyi this is where national parks are, and you see that restaurants are afraid because no one is visiting. They suspended a requirement for timed entry to Arches because tourism was down. Same with Vegas. I went to an anual event that is always crowed and it was empty. Usually full of tourists in Utah. It feels like they are trying to hide we are already in a recession. Coffee shops I visit have told me they are not seeing any customers. Anyone else think we are already in a recession? Feels like it. 

 

https://www.reddit.com/r/economicCollapse/s/9E5X3yJRY2

[human1234]

 

[Hitman]

It is not due to recession. It is due to inflation. Compare to Pre pandemic- Hotel prices 2x ( for cheaper option) otherwise 3-4x, Rental car costs 3x- 4x , food 2x . A family of four has to spend 2-3x more when the salaries are increased only 5-10%.

[Thokkalee]

Foreign tourists have stopped coming.. US gets lot of tourists from China, Canada and Europe. They all stopped coming now. 

Many in the upper middle class and middle class lost their jobs and/or trying to save money in case they lose their jobs in the coming future.. 

Labor day ki na circle lo evaru travel plans kuda cheyyaledu… Summer lo cruise and foreign trips ki chala thakkuva mandi vellaru 

[human1234]

4 hours ago, Thokkalee said:

Foreign tourists have stopped coming.. US gets lot of tourists from China, Canada and Europe. They all stopped coming now. 

Many in the upper middle class and middle class lost their jobs and/or trying to save money in case they lose their jobs in the coming future.. 

Labor day ki na circle lo evaru travel plans kuda cheyyaledu… Summer lo cruise and foreign trips ki chala thakkuva mandi vellaru 

But stock markets ATH

[Pavanonline]

4 minutes ago, human1234 said:

But stock markets ATH

doesn't take much time to pull back

[human1234]

16 hours ago, Pavanonline said:

doesn't take much time to pull back

I doubt because people have lot of money. House prices are more than 50% pre covid. Job market is weak only for H1b. 

[Redarya]

21 hours ago, Hitman said:

It is not due to recession. It is due to inflation. Compare to Pre pandemic- Hotel prices 2x ( for cheaper option) otherwise 3-4x, Rental car costs 3x- 4x , food 2x . A family of four has to spend 2-3x more when the salaries are increased only 5-10%.

Inflation leads to recession? Case in point 2008

[karna11]

vachindhaa, vastadhaaa, vachesindhaaa kakundaa

tesukovalsinaa jagratthalu seppandi vayyaaa

[Hitman]

2 hours ago, Redarya said:

Inflation leads to recession? Case in point 2008

2008 is not from inflation. More like self inflicted by banks with bad loans

[Redarya]

15 minutes ago, Hitman said:

2008 is not from inflation. More like self inflicted by banks with bad loans

No look at the lead up. Inflated home prices. Bloated gas prices. Inflated equities. It burst in the form of Banks running out of liquidity to pay debts and hold on to their bonds. 
 

Only difference now is banks are well regulated with all the stress tests I thought. Until 2023 when series of banks collapsed due to falling bond prices

[ARYA]

Las vegas ite pure inflation, that foot long cheap drinks cost $33 anta…literally ripping off people now