Quote from: Captain Corporate on Today at 08:35:28 PM

Quote from: Baofeng on Today at 08:29:38 PM

You are confusing economical crisis and recession words. Just because there is an economical crisis doesn't mean there is recession. Recession means less money in the markets, and less jobs available and many other "lack of mony in the world" problem, we are having that because of high fed interest rates.

I also read all the above answers and didn't see people mention the difference between crisis and recession, I think we're just in an economic crisis, not in a recession yet, these two are not the same although there are many similarities. Like the US economy, they had 2 negative growth quarters, in theory they were in recession, but GDP growth in the 3rd quarter could be said to have not entered a recession. The Fed's continued high interest rate hikes will affect the global economy and if they extend the high interest rates into 2023 then I think we will soon enter a real recession.