Is the US economy in recession?

[|MINER|]

Recession is going on all over the world, in some countries it is less and in some countries it is more. If I say from my opinion then I will say yes USA can fall into financial recession. And the reason for this is that many states are now moving away from their circle. However, a large part of Europe is on their side, and many countries in Asia are also in their circle, but many of these countries are now bordering Russia and China. And as a result of this their power has now started to weaken. And in view of this it can be said that in the future they may have economic recession

[panganib999]

Well, about to be in a recession, but is staunched by a lot of stuff including the recent increase in the US debt ceiling which is something that is highly needed in order to fend off the impending recession. But thus far, it must be noted that almost all efforts made by the country is all just band-aid resolutions meant to stop the inflation for the meantime, and until two years from now increase in debt ceiling will definitely work its charm but after that, we might have to face the music.

This recession's been a long time coming with US belligerently misusing its funds during the height of the COVID pandemic, plus other stuff that's been bugging them for the last 10 years. All of this contributed to an already hard to counter situation, and it's only time that will tell if the US will be able to really fend this off for good, or a recession is to come.

[uchegod-21]

Recession is going on all over the world, in some countries it is less and in some countries it is more. If I say from my opinion then I will say yes USA can fall into financial recession. And the reason for this is that many states are now moving away from their circle. However, a large part of Europe is on their side, and many countries in Asia are also in their circle, but many of these countries are now bordering Russia and China. And as a result of this their power has now started to weaken. And in view of this it can be said that in the future they may have economic recession

The whole global economy is in the road to a long term recession because the graph proves that almost every country is hit by inflation and reoccurring inflation gives birth to recession.
But talking about USA, for now they are not on recession unless a link is shown me where the opposite is said. For recession to hit a stable economy like USA, it therefore countries like my own (Nigeria) should be roasting in recession. Even if USA is into recession it will take them lesser time to escape than many other countries.

[redwine49]

yes, i saw USD inflation is not good. it will make price more expensive so people stop buying some stuff so it will be a problem for people who are in business.
ROI is going down, the unemployment rate rises while the price is going up. several companies failed to pay debts and and several companies went bankrupt.

[Paul Pogba]

The USA is the world's strongest economy, and it can be said that the US economy dominates the world. If there is a problem with the US economy, it is certain that other countries' economies will also have problems. Of course, we still remember the economic recession that occurred in the USA in 2008, when the economic conditions in many countries also experienced difficulties and recession.

[slapper]

Consequences of excessive money printing and disunity in world politics. The American economy thrives on blatant wars and resource plunder. Pedro dollar is one of the forms of robbery. All countries that want to buy oil must use dollars. That is the absurdity that the world must accept. That inflationary export helps the Fed issue more currency and is richer than any other institution.
Russia, China, India, some Middle Eastern and Asian countries have agreed to use a currency system other than the dollar to eliminate dependence. This creates a new pole in the world economy.

And another thing is that the opening of China after COVID makes the source of goods more abundant and makes the world economy more comfortable.
The collapse of the US economy was mainly caused by excessive interest rate hikes. The American people are mainly in debt, so the banking system is at risk of illiquidity. People's assets are being squeezed. Businesses also easily fall into bankruptcy.

When you tell such fabulous stories, don't forget to give real facts about how this "alternative" actually looks like
Let's look at the reality: after sanctions and an embargo on the supply of hydrocarbons were imposed against the country of the terrorist, the "friends of Russia" - India and China - immediately became active. And it was they who suggested - "let's de-dollarize the market, to spite the United States, and we will sell everything for our currencies, and they are better than the dollar, really!" And Russia began to sell gas, and primarily oil, to India and China, for Indian rupees and Chinese yuan. And they sold a lot of oil, with huge discounts! Before this stage, except for the "penny prices" for which Russia sells oil to these "friends", everything was going well.
But when Russia decided to exchange rupees and yuan for dollars, which Russia "needs like air", it turned out ... That they cannot be exchanged for dollars! And no one sells sanctioned goods for rupees and yuan. Well, or buy low-quality "copies" of sanctioned goods and technologies from India and China

I think it was a "perfect plan"

Here we stand, ensnared in a tangible round of the grand old game of Monopoly, with the big leaguers contemplating a "From Dollars to Something Else" stratagem! But allow us to hit the pause button and take a trip down memory lane to grasp the full scope. The Petrodollar play has been on the board for some time. Several nations attempted a plot twist by distancing themselves from the dollar system. But lo and behold, the dollar is like that perennially over-performing student - omnipresent! And just like in the schoolyard, not everyone is keen on swapping their prized possessions for your DIY denomination.

So, nations like Russia, China, India, and others started a new niche. But when they wanted to exchange their rupees and yuan for the high rollers' dollars, the high rollers were rather unenthusiastic. The age-old adage of "no tradebacks" was invoked. It was like anticipating a feast at a herbivore's home, only to be served an elaborate array of greens.

So yes, the so-called "alternative" currencies aren't exactly flourishing in the playground of world economics.

[DrBeer]

....
Here we stand, ensnared in a tangible round of the grand old game of Monopoly, with the big leaguers contemplating a "From Dollars to Something Else" stratagem! But allow us to hit the pause button and take a trip down memory lane to grasp the full scope. The Petrodollar play has been on the board for some time. Several nations attempted a plot twist by distancing themselves from the dollar system. But lo and behold, the dollar is like that perennially over-performing student - omnipresent! And just like in the schoolyard, not everyone is keen on swapping their prized possessions for your DIY denomination.

So, nations like Russia, China, India, and others started a new niche. But when they wanted to exchange their rupees and yuan for the high rollers' dollars, the high rollers were rather unenthusiastic. The age-old adage of "no tradebacks" was invoked. It was like anticipating a feast at a herbivore's home, only to be served an elaborate array of greens.

So yes, the so-called "alternative" currencies aren't exactly flourishing in the playground of world economics.

Let me explain everything better
1. The topic about the petrodollar, I like it too
I always ask the question - is it impossible to sell oil for another currency? For some reason they don’t give an answer, or they tell all sorts of fairy tales. Because the answer is - IT IS POSSIBLE, but no one needs it
The dollarization of the world did not occur because of some kind of oil-market relations, but because a lot of changes took place after the Second World War. Both political and economic. And all over the world. The world needed to find some kind of universal, fairly stable, massively recognized means of mutual settlements and valuation. The only option at that time was the US dollar. Other countries either lay in ruins or did not realize this possibility. In a word - let's forget the fairy tale about the petrodollar!
2. “So countries like Russia, China, India and others have carved out a new niche. But when they wanted to exchange their rupees and yuan for high roller dollars, the high rollers were not very enthusiastic. The age-old adage “no exchanges” was used. It was like waiting for a feast at a herbivore's house, only to get an exquisite set of greens." - Yes, that's exactly what happened - India and China are simply tearing Russia apart, buying everything for a penny. It's like the game of the ancient conquerors of America - they gave the local population worthless glass beads, in return they got gold, just like now China and India give Russia beautiful multi-colored yuan and rupees, take away everything that is still possible to take from Russia, and smile sweetly, calling themselves friends and partners