Eric Siu examines why Japan, Germany, and the UK report recessions despite all-time-high stock markets and low unemployment. He questions whether these countries have ever been in recession while the US wasn't, and notes that economic data revisions could later reclassify 2023.
Japan has all-time high stock market. Their unemployment level is pretty low. It's like 2% or something like that, right? They're in a recession. Now look at Germany right now. Same deal. All-time high stock market. Unemployment is low. Germany's in recession. The UK, same deal. All-time high stock market. Unemployment low. In a recession. So has there been any other time in history where those 3 countries have been in recession and the US has not? I'm going to take a guess with no based on exactly how you're asking the question. Exactly. But the other thing too is like the economists have been revising numbers. So they'll say all these numbers, right? And they'll go back months and revise the numbers. So 2 years could go by and be— oh, by the way, 2023 was recession. So who knows what's going on right now, right?
