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Is This a Recession or a Precession?
In the first half of 20 22, since bginningof the year, unemployment has fallen from three point three point six. But this measure and how different it is from the run up to previous economic sump suggests that term recession may not be a good way to describe what we experience over the past sever months. So in review, not a precession, but could be go one. We're seeing intrest rates come down pretty materially in anticipation potentialy of a softening economy. You're seeing all of the soft commodities roll over. Cotton, cocoa, sugar, lumbers down almost 60 perseven. Lumber should idon knodity! It's shut o de no