Submitted by IcyPrior3367 t3_yzvnyt in wallstreetbets

Current situation:

  1. Housing market falling at fastest pace since 2008

  2. Tech layoffs above 2001 levels

  3. Credit card debt near $1 trillion for first time

  4. Crypto and FTX collapse mark $2 trillion+ in losses

  5. Consumer confidence at all time low

This is a recession!!

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