...beneath the surface of official data, things are pretty grim. And we haven't even had a recession yet.
...just like beneath the surface of all time high market indices, things continue to be pretty grim for the majority of stocks which are well below their all time highs or rather languishing at the bottom end of their stock trajectory.
...many of these jobs aren't returning. More and more of our youths are directing their efforts towards speculating in the asset markets to make a living....which we know is unsustainable and will likely lead to an eventual disaster [ if you try to make a living speculating in stocks, it means you are always on the casino table, sooner or later, you'd lose and lose it all back, perhaps even more; unless you know how and when to call it quits ]
US white-collar RECESSION is pretty serious:
Professional and business services* have LOST JOBS for 17 months straight.
Such a decline has never occurred outside of recessions.
Hiring fell to the lowest since the 2008 Financial Crisis. *lawyers, managers, accountants, etc.
