recession
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Opinion
The US Is Now Officially in a Recession
The Bureau of Labor Statistics just released its first estimate for gross domestic product (GDP) growth in the second quarter.…
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Money & The Economy
‘Oh My Gosh’: CNBC Host In Disbelief Over Dismal GDP News
CNBC host Rick Santelli reacted with shock to new Gross Domestic Product (GDP) numbers released Thursday. “Oh, my gosh,” Santelli…
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Opinion
Who Really Needs a Definition of Recession?
Social media is ablaze with a dispute over whether the US economy is in a recession. The debate was prompted…
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In The News
Biden: ‘We’re Not Gonna Be In A Recession’
President Joe Biden told reporters Monday that he’s not worried by speculation that the U.S. economy might be in a…
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White House Watch
Economist Dismantles Biden Admin’s Attempt To Redefine Recession With One Chart
The White House has been challenging a commonly-used definition of “recession” in advance of economic data coming out Thursday, but…
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In The News
Wall Street Is Freaking Out About One Major Recession Indicator
Wall Stree investors and economists are sounding the alarm over a yield curve inversion, one of the most reliable indicators…
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Money & The Economy
A Slowdown is Coming and its Time For YOU to Quit Spending
The European Central Bank (ECB) announced Wednesday that it will have to issue its first rate hike in 11 years.…
Read More » ‘Impossible Situation’: Europe Faces Recession, Debt Crisis As Rate Hike Looms
The European Central Bank (ECB) will announce its first interest rate hike in over ten years on Thursday, and economists…
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Money & The Economy
‘A Definite Slowdown’: Business Owners Say They’re Already Seeing Signs Of Recession
Companies of all sizes are pointing to slower business, inflation and profit declines as evidence the economy is heading toward…
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Money & The Economy
Major US Bank Sees Profits Nosedive As Recession Fears Grow
JPMorgan Chase, the largest U.S. bank, announced a 28% decline in its second-quarter profits Thursday as economists’ fears of recession…
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Money & The Economy
Latest data shows economy in recession with stagflation
The first estimate for GDP growth in the second quarter of this year, will be available on July 28. If…
Read More » Powell Admits That Fighting Inflation Could Lead To Recession
The Federal Reserve’s efforts to tamp down on inflation may lead to an economic recession, Fed Chair Jerome Powell admitted…
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Opinion
Yellen wrong again. Recession is inevitable and may be here now
A couple of weeks ago, Secretary of the Treasury Janet Yellen admitted she was wrong last year when she said…
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Opinion
Biden and Powell Are in Denial—A Recession Is Indeed “Inevitable”
On Wednesday, the Federal Reserve announced that it will “raise” interest rates faster than previously planned in order to “fight”…
Read More » Fed raises rates by 75 basis points. Here comes stagflation.
After more than a year of delay, the Federal Reserve finally looks like it is serious about reducing inflation. The…
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