April 29, 2022
I canâ€™t even wrap my mind around this: GDP growth just went from +6.9 percent last quarter to - 1.4 percent this quarter. Thatâ€™s worse than the swing from the last quarter of 2019 to the first quarter of 2020 (+1.9 percent to -5.1). Absolute disaster.
Two quarters of negative economic growth mean a recession. Watch for some very dirty tricks next quarter to push the numbers to at least show neutrality. They won't allow Biden to preside over an admitted recession.
Posted by: Timothy Birdnow at
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Posted by: Bill H at April 30, 2022 06:18 PM (iW8RX)
Shortages and inflation are proof of that.
Posted by: Timothy Birdnow at May 01, 2022 09:17 AM (Ms87g)
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