Under what definition is the US economy in a recession?
People can keep clamoring for it, but the only recession the US is possibly in is a “vibes based” recession.
People can keep clamoring for it, but the only recession the US is possibly in is a “vibes based” recession.
Lower discretionary spending for a long enough time means growth slows. The prices traders are willing to buy stocks is a function of a company's future growth prospects. Slowing growth rates makes for a recession.
Too many politicos define "strong economy" in terms of unemployment rates because they're simple scalar values. Full employment with high prices doesn't make for an environment where anyone can eke out margins.
https://ycharts.com/indicators/us_recession_probability
Maybe because the current state implies a higher than normal probability of the US being in a recession? Kinda accounts for the vibes.
The "two quarters of negative growth" was only ever a rule of thumb that mostly fit, never the official definition.
Going green will destroy our economy because there is no infrastructure to replace fossil fuels yet.