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  • The Atlantic

    The Crypto Crash Is Just the Start

    Is the U.S. destined to have a recession in 2022?
    by Derek Thompson May 13, 2022 4 minutes
    Source: Adam Maida / The Atlantic

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    The American economy isn’t looking great right now. U.S. GDP shrank last quarter, despite a hearty showing from American consumers. Inflation is high; markets are down; both wages and personal-savings rates show some troubling statistical signals. Is the U.S. destined to have a recession in 2022? I don’t know for sure. But here are nine signs that worry me.

    The Nasdaq is down 30 percent. Growth stocks and pandemic darlings such as Peloton and Zoom have crashed more than twice that amount. Hedge funds that backed these growth stocks, including Ark and Tiger Global, . If you look at your 401(k), you’ll see that … no, scratch that, you should

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