“and you were doing so well with your cherry-picking of economic data points — until you got to the end there”
We are going through some fairly decent times right now irregardless of inflation.
To compare this to a recession is laughable. Jobs are plentiful, The millennial couple down the road just bought their first house at a low interest rate. Not 15-18% like back in the early 80’s.
People are upgrading to higher paying jobs.
Doom and gloomers want to wallow in unhappiness.
however, it is also incorrect of you to disregard inflation.
It’s not doom and gloom — inflation is the worst in 30 years. Also you disregarded the skyrocketing gasoline prices.
Gas prices and inflation are getting to the point at which they could become baked into the economy, forcing the Fed to raise interest rates.
if that happens, your much-ballyhooed stock market would tank. Investors would jettison equities and possible jump over to bonds. Or gold.