Economists reversing course on recession fears - CBS News

[TexasTowelie]

After a year of recession fears, some economists are now saying those financial concerns are cooling as the U.S. job market continues to show resilience. Rick Newman, a senior columnist at Yahoo Finance, joins CBS News to discuss what could be ahead for the economy.

[RickHworth]

1. Its been over two years of "Recession is just around the corner...)

A constant drumbeat of skepticism before each and every economic and or jobs report since Biden has taken office and turned the economy around.

[Warpy]

2. Interest rates are about where they should be

and a tight labor market has driven wages up. Higher wages mean more business, that's what putting money into the demand side does, and since labor is added to meet the demands, the recession hasn't happened. And no, despite what people learn about the widget factory, paying the people who make the widgets is not inflationary. Rising wages mean inflation has already happened.

Wait until even Republicans catch a clue and either stop voting or vote Republicans out of Congress and we get a Congress that will raise taxes on the billionaires and use the money to start public works projects.

That's where the next real boom will be, not the fake "boom" we've seen since the Reagan years, wealth systematically stripmined out of the middle classes and the working class paid starvation wages in order to create a few billionaires.