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Paperdiego t1_iu5y8jc wrote

Reply to comment by AREssshhhk in Google Stadia is dead and Nvidia GeForce Now gets a price cut – what’s going on? by Hyperion1144

Where are you? No major city in the US is inna recession right now. Data released two days ago shows growth in every metropolitan area of the US.

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AREssshhhk t1_iu61oyd wrote

I’m in Chicago where cheap rent is $1500 a month. I see a lot of people cutting way down on their spending because the basics like food, energy, transportation, energy, insurance, rent, etc has gotten crazy expensive and keeps going up fast

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Paperdiego t1_iu624iy wrote

Sorry for your situation. Data certainly shows inflation up, which sucks. Consumer spending needs to go down in order for inflation to ease. There is no data backing up a recession, infact all the data is the opposite. Consumer spending is still very high, which helps explain why prices haven't dropped. Employment is at historical lows as well. The market just keeps hiring people, so people have money to spend.

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AREssshhhk t1_iu638gb wrote

We’ll see in a few months. I happen to believe it’s all going to come crashing down soon

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