Community Bank Survey From CNN

 96% of community Banks in the U.S. believe the U.S. is already in recession.

This makes sense to me because almost all the world has been in recession for some time already. The fact that it hits the U.S. so late is surprising and yet not surprising because we have had the Fed to mitigate inflation as much as possible.

Realistically, there was NO WAY the Fed or any other world instrument at present could have stopped inflation spiraling out of control on earth at this time.

WHY?

Because Global Climate change, Covid and the War in Ukraine are a deadly Trifecta of Disasters on the world community of nations.

The surprising thing is that the U.S. is going into recession AFTER all other nations on earth already went into recession.

This is what is amazing to me about how well our economy can work compared to other nations around the world!