Black Friday is typically the day when business' get 'into the black' for the year. Things typically get tight in October with having to both prepare for a November increase while being a lean month.
This doesn't seem all that different than the position all of the startups and small businesses I have worked at or had insight into from the past.
What is different is the Fed, media, and large corporations are trying really really hard to talk down the economy into a fear based recession this time, complaining loudly about the growing cost of labour and how that is the end of the world, yet bragging about record profits taken 'under the guise of inflation' on their earnings calls.
I'll go with consumer sentiment and historical knowledge over an artificial narrative and fake hysteria along with a Fed push intended to increase unemployed to keep down labor costs for companies posting record profits in this horrible (yet record setting) economy.
Black Friday is typically the day when business' get 'into the black' for the year. Things typically get tight in October with having to both prepare for a November increase while being a lean month.
This doesn't seem all that different than the position all of the startups and small businesses I have worked at or had insight into from the past.
What is different is the Fed, media, and large corporations are trying really really hard to talk down the economy into a fear based recession this time, complaining loudly about the growing cost of labour and how that is the end of the world, yet bragging about record profits taken 'under the guise of inflation' on their earnings calls.
Meanwhile, consumer confidence is the highest since Feb. https://www.bloomberg.com/news/articles/2022-09-27/us-consum....
I'll go with consumer sentiment and historical knowledge over an artificial narrative and fake hysteria along with a Fed push intended to increase unemployed to keep down labor costs for companies posting record profits in this horrible (yet record setting) economy.