Can't make it up:
What is a recession? While some maintain that two consecutive quarters of falling real GDP constitute a recession, that is neither the official definition nor the way economists evaluate the state of the business cycle. Instead, both official determinations of recessions and economists' assessment of economic activity are based on a holistic look at the data—including the labor market, consumer and business spending, industrial production, and incomes. Based on these data, it is unlikely that the decline in GDP in the first quarter of this year—even if followed by another GDP decline in the second quarter—indicates a recession.
Mmk.
Live look at the Biden team:
If you're confused, let the man who called the 2008 market crash inform you:
I can't wait until next month when they tell us that a recession is actually happening, but that it's Putin fault, followed by an update in September that tells us it's a good thing.
Lefties are gonna left!
P.S. Now check out our latest video 👇
