Tag: recession
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EXPLAINER: How do we know when a recession has begun?
By one common definition, the U.S. economy is on the cusp of a recession. Yet that definition isn’t the one that counts. On Thursday, when the government estimates the gross domestic product for the April-June period, some economists think it may show that the economy shrank for a second straight quarter. That would meet a longstanding assumption for when a recession has begun.
AP Interview: Biden says a recession is ‘not inevitable’
President Joe Biden said Thursday the American people are “really, really down” after a tumultuous two years with the coronavirus pandemic, volatility in the economy and now surging gasoline prices that are slamming family budgets.
EXPLAINER: Recession fears grow. But how high is the risk?
Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve is making borrowing much costlier. And the economy actually shrank in the first three months of this year.
The Coming Greater Depression of the 2020s
After the 2007-09 financial crisis, the imbalances and risks pervading the global economy were exacerbated by policy mistakes. So, rather than address the structural problems that the financial collapse and ensuing recession revealed
EVERY BREATH YOU TAKE
The Global Economy is headed into a slowdown and I, like many, believe a recession is in progress but unconfirmed. Over the last few months, I have discussed data that points to this and provide recommendations.
