👹 News Headlines & Animal Spirits
We may be heading towards a recession (we technically always are, it’s just a matter of time frame), but we don’t require one to come down from inflation.
A primary factor in recessions is consumer confidence.
Continued headlines acknowledging a looming recession can cause a recession by eroding that confidence.
Again, recessions are normal.
Businesses have cycles.
The economy has cycles.
Trends and fashion have cycles.
There are seasons for everything.
Everything about time is cyclical except for the narrative we tell ourselves about it being linear.
The cult of continuous growth we expect to be the norm.
How much of the current downsizing and sales numbers are a result of over exuberance during good times?
Big tech hired like crazy.
Retailers of all stripes are talking about a glut of inventory. (Whereas car dealerships can’t get enough inventory.)
Poor planning requires an adjustment.
And I’ve been wondering for a while who will be left holding the bag?
Maybe we have the wrong “re” in mind.
Less recession, more readjustment?