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Wednesday, August 10, 2022 2:24:45 AM
We've experienced a 0.74% decline in real (inflation adjusted) GDP over the six months since Q4 of 2021, but no decline in nominal GDP. That's almost a rounding error. No growth, but not a recession. - Nor does GDP Now sees a recession.
This is definitely NOT a significant decline in economic activity that is spread across the economy and that lasts more than a few months. - https://www.dallasfed.org/research/economics/2022/0802
The UK is really starting to show signs of recession due to many problems, but I'm not seeing it here.
This has provided an interesting opportunity in the shares market. I'm concerned about the international sales of US businesses.
A one month dip in real consumption isn't a recession
This is definitely NOT a significant decline in economic activity that is spread across the economy and that lasts more than a few months. - https://www.dallasfed.org/research/economics/2022/0802
The UK is really starting to show signs of recession due to many problems, but I'm not seeing it here.
This has provided an interesting opportunity in the shares market. I'm concerned about the international sales of US businesses.
A one month dip in real consumption isn't a recession
We've run out of other people's Social Security taxes needed to subsidize our low income tax rates.
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