Is the U.S. officially in a recession?

#recession #news #economy
Alan Blinder, Princeton University Professor of Economics and Public Affairs, joins Yahoo Finance Live to examine recession concerns amid declining GDP, the Fed's rate hike, and inflation's impact on sustainable wage growth.
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[jennyg]

Not a recession for politicians, but for normal people, it’s a recession.

[chrisjenkins]

I don’t blame Biden, I blame all of the circus clowns that voted for him.

[usernamena]

Technically yes the US is in a recession.

[rogerm]

Brian Deese, yesterday: "Two negative quarters of GDP growth is not the technical definition of recession.”
Deese, 2008: “Economists have a technical definition of recession, which is two consecutive quarters of negative growth.”

[ADxtrinity]

Ah yes. YAHOO Finance here to cover for the government like the obedient pets they are.

[optimal]

This is what happens when you vote for a party with zero economic policies.

[AmericanAntiCorruptionAct]

Recession: Two consecutive quarters of decline in a country's Gross Domestic Product.

[abarton]

It was officially a recession when - "10% for the Big Guy", Hunter Is the Smartest Guy I Know" - was sworn into office!

[exsxpx]

Economists are in denial because this is the very beginning of recession.

[HeadStronger-HS]

Everything is being relabeled, recategorized, reclassified, reclassed... honestly it's getting hard to keep up with all the changes. I guess reality is no longer a leading indicator of progress.

[daniell.]

😂So it's a 'technical' recession now. We're still not in a 'non-technical' recession, I guess.

[cheaserceaser]

If Biden says we aren't a recession, then we aren't in a recession. We have to use a different definition of recession.

[daheaven]

2 negative quarters of GDP is the definition of recession. stagflation has returned after over 40 year absence.

[lescobrandon]

The GDP (Gross Domestic Product) numbers were released today and it turns out we're in a recession.
EVERYBODY PANIC!

We've got to fix this immediately! Fortunately, we've consulted with the highly educated economists that got us into this mess to see how we can get out of it.
Here are some great ways to reverse the recession immediately:
1. Turn the GDP chart upside down: Wow, that was easy!
2. Change what the word "recession" means: Why yes, the economy is experiencing good vibes. Thank you for asking, Mr. Doocy.
3. Play the reverse card from your UNO hand that you've been holding onto: Oh no! The economy played its own reverse card!
4. Think long and hard, 'What would AOC do?': Probably something really brilliant and progressive!
5. Form a Congressional committee to research how to get out of recessions so they can publish their findings in 3 years: The buck stops eventually!
6. Invade Canada and take all their GDP for ourselves: They don't have any guns to defend themselves.
7. Ask Ukraine for our $80 billion back: They probably haven't spent it yet.
8. Order a second season of Jan 6 hearings: That'll distract everyone from their financial pains.
9. Ask Joey, a fifth grader: He'll know what to do!
10. Replace the entire government with Ron Paul: We can only dream

[Le_Dislike_Button]

two consecutive quarters of economic contraction is part of Building Back Better. 
good thing the adults are back in the White House 🤡

[BennyIncorporated]

You all act (and this goes for both sides) as if the President was an all powerful ruler that gets to do whatever the hell he wants with the country, ignoring all of the different branches and institutions that constitute the Goverment.

[rotorheadv]

Now that it is THEIR recession, they need to redefine what a recession is.

[cliffordishii]

Amid a Democrat created misery and chaos Americans are encouraged to become Biblical Christians.

[maxlesyo]

No matter what's the new recession definition. Remember, Americans are paying higher prices compare to 18 months ago.

[Ivan.A.Churlyuski]

I’ve never in my life heard the definition she gave.. it’s about a solid half year of negative growth…