[ConservativeInPA]

If correct, that’s not a recession, that’s a “soft landing”. Some other financial people are predicting that as well.

It’s not a soft landing. Don’t be fooled. That predicted figure is only propped up with government spending. The Inflation Reduction Act kicks off the government spending spree on January 1. Government does not build anything. There is no real government product to contribute to the GDP. Private sector production will be negative in 2023. The writing is already on the wall. There were 100k manufacturing jobs lost in November alone according to the ADP employment report for November. That’s not expansion of private sector production. It’s the opposite.

[Starboard]

“There were 100k manufacturing jobs lost in November alone according to the ADP employment report for November.”

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Lots of tech layoffs as well. Those companies know what’s coming.

[griswold3]

“Private sector production will be negative in 2023.”
2022 Third qtr productivity down 1.4% (revised yo-yo 0.8% I think).
Can’t figure out how we can have 7%+ inflation and negative productivity? Weird!