We’re In A Recession. Here’s What It Means For You As a Creator

How to take advantage of the upcoming bloodbath

Image by the author

The numbers don’t lie

I’m not an economist.

But there are 4 strong reasons why the recession is already here:

Unemployment rate increase: If we look at the past year, the unemployment rate has been on the rise, going from 3.5% to 4.5%. That’s exactly what triggered the market crash on Monday, August 5th, 2024.

Screenshot by the author (FRED)

The Sahm recession indicator is at 0.53. Every time the critical threshold of 0.5 has been crossed, it signals that a recession has started:

Screenshot by the author (FRED)

Funny thing: Claudia Sahm said on CNBC — we’re not in a recession yet, which adds more uncertainty to the equation. And uncertainty triggers fear. Fear triggers crashes.

The yield curve inversion is near the inversion point. Every time this happened (by hitting the black line below), we entered a recession.