Honestly who knows. Personally I would say not yet.
Tho by the time we all agree, we’ll be in it for a while. So I guess remind me next year
cucci_mane1 on
Recent measure of Gdp up YoY. Isn’t a “recession” officially defined as 2 consecutive quarters of gdp declines?
Interesting that these “economists” are now saying that we are in a recession now, this yr, when none of em spoke of recession the past 4 years. I mean, come on now.
ChaoticDad21 on
Okay…but isn’t that somewhat common. Many sectors are cyclical and this does not seem surprising or problematic.
Just seems like fear mongering to be completely honest.
Doctorstrange223 on
The US has been in a recession since Biden changed the definition of a recession a few years ago. Trump is now running that same con and continuing. Lies come from the government.
Y0___0Y on
What does that even mean?
Isn’t there an official dictionary definition of a “recession”?
2 straight quarters of negative GDP growth?
How is “a third” of the country in a recession?
NimusNix on
America was already in a precarious position, the whole world was. America was leading the way out of inflation and COVID supply chain issues.
Then we elected not just a grifter, but an idiot who grifts.
I worry we’re all going to spend the next decade paying for the election of Donald Trump.
wolfeman72 on
Direct quote from right below header/title: ‘Zandi warns that one-third of the U.S. economy faces recession risks’. I will read the article in the coming moments with skepticism. These statements are not the same to me.
grumpvet87 on
both “we are in a recession, we are not” can be true at the same time depending on what sectors you are looking at.
as a whole – the “economy” and GDP are not in a recession
svenbreakfast on
12 people I know, myself included, got laid off this year. Prices are out of control. I did pretty ok last recession, but right now I’m being forced to be strategic with how I spend my money. And I ain’t ever poor, in a conventional sense. Not only are we in recession, we are orders of magnitude worse than 16 years ago.
9 Comments
Honestly who knows. Personally I would say not yet.
Tho by the time we all agree, we’ll be in it for a while. So I guess remind me next year
Recent measure of Gdp up YoY. Isn’t a “recession” officially defined as 2 consecutive quarters of gdp declines?
Interesting that these “economists” are now saying that we are in a recession now, this yr, when none of em spoke of recession the past 4 years. I mean, come on now.
Okay…but isn’t that somewhat common. Many sectors are cyclical and this does not seem surprising or problematic.
Just seems like fear mongering to be completely honest.
The US has been in a recession since Biden changed the definition of a recession a few years ago. Trump is now running that same con and continuing. Lies come from the government.
What does that even mean?
Isn’t there an official dictionary definition of a “recession”?
2 straight quarters of negative GDP growth?
How is “a third” of the country in a recession?
America was already in a precarious position, the whole world was. America was leading the way out of inflation and COVID supply chain issues.
Then we elected not just a grifter, but an idiot who grifts.
I worry we’re all going to spend the next decade paying for the election of Donald Trump.
Direct quote from right below header/title: ‘Zandi warns that one-third of the U.S. economy faces recession risks’. I will read the article in the coming moments with skepticism. These statements are not the same to me.
both “we are in a recession, we are not” can be true at the same time depending on what sectors you are looking at.
as a whole – the “economy” and GDP are not in a recession
12 people I know, myself included, got laid off this year. Prices are out of control. I did pretty ok last recession, but right now I’m being forced to be strategic with how I spend my money. And I ain’t ever poor, in a conventional sense. Not only are we in recession, we are orders of magnitude worse than 16 years ago.