America Is In A 'Plain Vanilla Recession': Danielle DiMartino Booth | The Bottom Line

Recessions have happened every 4-7 years for every 250 years at least, this is a feature not a bug of Capitalism.

Does everything have to have a stupid clever name?

Is the “plain vanilla recession” in the room with us now?

You're not getting those interest rates down until the price gouging stops. Stop the gouging, we're not dropping those rates until it stops.

For me I noticed non-essential goods such as nice clothes and comic books have dropped in prices and it’s very easy for me to find extremely good deals which was very hard to find pre-pandemic however it’s the essential stuff like food and even dinning out that’s had a huge surge in prices. I live in an expensive city so I live with my family to save on rent. I am a disciplined saver so when my money market account started paying 5% interest I was making over a $1,000 in interest every month. I thought the interest alone might help pay for my rent if I decide to go on my own but rent has gone insanely up. To live in a modest and decent location I’ve seen rent charge anywhere from $2,000-$3,000 a month when pre-pandemic times it was more like $1,200-$1,500.

Fed will move only if unemployment spikes to 6% for straight 3 months based on fed last press meet

She's not a top economist. She's a permabear who constantly says a recession is around the corner. Been doing it for 20 years.

That’s why you don’t outsource everything.

amazing how many companies in the US are becoming insolvent - especially in California. Unemployment will go way up by the start of 2025😢

I think Danielle missed a point about global supply chains and logistics. The Red Sea crisis and War in Ukraine have direct impacts on inflation and the economy in the US and Europe even if you are not sourcing or trading directly in those regions due to the way global logistics works today. Ocean freight container rates are nearly 4x what they were at the start of this year on trade lanes from China to the US which isn’t anywhere near these two war zones. Having to avoid the Red Sea in particular has put a huge strain on logistics capacity and has a knock on effect on the price of any imported consumer goods since logistics is a key input cost into the price you pay at checkout.

I want ice cream

She talks about used car prices up and semi conductor chips up but hey rate hikes werent fixing that.

You can’t bring back manufacturing home and have a recession at the same time. The two events are mutually exclusive. I don’t know what she is talking about 🤷‍♂️

Yes, your information is valuable.

Reporter "of course is not the feds faults" Are you serious? Who did you think held the interest rates low, printed money without any back up resulting in the inflation suffered today etc? Of course dont forget polititians, those ah are the main cause of all this

You cannot re-jig your economic system, to avoid a slow down over a couple of decades like the US does and not expect a normal recessions of about six months from this Fall season onwards..

People who defaulted on their mortgages in 2008 felt the credit repercussions etc. and won't likely do it again.

We literally just had a recession, have a few years to go

Small businesses are sinking and many big companies are drowning debt. Consumer is tapped out, commercial real estate in the tank, doesn't sound vanilla to me.

No recession > vanilla recession > non-vanilla recession