Why do people keep saying we aren’t in a recession, when we have been for over a year?
“Why do people keep saying we aren’t in a recession, when we have been for over a year?”
If Trump as in office the media would be pushing recession for over a year now.
Excellent observation. To put it bluntly, productivity is in a recession. Think about what that really means. Negative GDP for two consecutive quarters is no longer an effective indicator of recession. The problem with using GDP is that government spending increases GDP. The government doesn’t build a damn thing. It only gets in the way of production. The other, but lesser known and acknowledged indicator of inflation, inverted treasury yield curves, has been spot on. BTW, we can thank John Maynard Keynes for the way GDP is calculated. It is incompressible as to why our government and institutions like the Federal Reserve hold onto the antiquated and empirically proven incorrect notions from a socialist economist.
We’ve been in a Recession since 1.20.21, and we’ll be sliding into a Depression — not on the order of 1929 — this Summer. Prep for it.
“Why do people keep saying we aren’t in a recession, when we have been for over a year?”
I’ve wondered the same. Economists and “experts” have been massaging the numbers, changing definitions, and ignoring facts that do not support the narrative that our economy is booming.
Another issue being ignored:
https://www.zerohedge.com/geopolitical/escobar-global-de-dollarization-nearing-crossroads-moment