3 Out Of 5 Americans Think We Are Currently In A Recession

A majority of Americans believe the US is in recession and has been for some time. Second quarter GDP just came out wildly above expectations. So is everyone wrong? Not quite. In fact, the GDP estimates actually explain why people are so mad, what they are already doing about it, and why that spells trouble for the entire economy.

Eurodollar University's Money & Macro Analysis

It doesn’t matter what experts say — 3 in 5 believe America is in a recession

[Olivia-zc]

Recession! Crash! Inflation! It’s getting depressing. I have about $100k in emergency fund and I have been seeing good news about the stock market and would like to gain from that since I can’t let my savings be corroded by inflation. What stocks should I into as a newbie to safely grow my money.

[Higuannn]

Stock markets pushing deeper into all-time highs, Institutions are buying billions of dollars worth of Bitcoin in a matter of weeks, the halving is in two months, and yet people can't see we're heading to a recession.

[kortyEdna]

This global recession/collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $680k which has been sitting duck since forever with zero to no gains.

[tatianastarcic]

It surprises me why everybody gets really worked up about recession and inflation data. Inflation has always existed, and people have been using investments to beat the inflation. The stock market return, for example, always beats inflation. I heard of someone who invested $121k last October, and has grown the portfolio by more than $400k. I need recommendations that can give me similar return.

[Pangora]

Pizza rolls have hit 5.89. They were 2.79 pre-pandemic.

[getinthespace]

The only thing proping up the GDP is wasteful government spending. The actual economy is not doing good.

[MikeCasey-zm]

Stocks extended their year-to-date rally following the CPI report, with the S&P 500 last up 0.8% in afternoon trading. but I don't know if stocks will quickly rebound, continue to pull back or move sideways for a few weeks, or if conditions will rapidly deteriorate.I am under pressure to grow my reserve.

[lawLess-fsqx]

food is still inflating. My grocery bill up since last month.

[KBroly]

I'm sure this GDP number will get revised down.

[Carlos-imhn]

GDP includes government jobs, govt. contracts, and government work (so GDP is driven higher by higher government debt / deficits and fiat printing and higher inflation).

[gethariram]

The thing many seem to be missing from the chart is that once the fed stops cutting, thats when we see the blow off top in btc. So the scenario would be a setup for a double bubble, first peak before the rate cuts, than down as they are cutting and then another peak as they are paused at near 0%. This would likely be the hardest to trade bit it would be right on shedule for a late 2025 top as is to be expected from a normal cycle....currently I've been engaged in active trading, which is generally safer, allowing investors to weather market volatility and also managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Sandy Barclays, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[deanchristie]

US GDP includes a portion of government spending. This is double counting.

[richardefriend]

Just imagine how bad things would look if the CPI deflator (AKA The CP Lie Deflator) was based on real inflation numbers not the bogusly low numbers the Fed bean counters use.

[arieksk]

don't forget that if you work even an hour per week, you are employed and counted as employed. the real unemployment should be 10% +..

[KennethLSg]

Everyday the title is This confirms everything. 😂😂😂

[dr-jamesthomas]

I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Elizabeth Slone

[anniealexander]

I'm a single lady. I know we are in a recession. Everytime a guy ask me out, he quickly starts telling me his money issues. I was asked out for this weekend. The next day, he asked to move in. 😮

[ajkofqq]

So you've talked so much about how terrible the economy is, what's your investment strategy to get through this? 60/40 portfolio? All weather portfolio? All cash? or?? What exactly do you want to offer to your viewers in the end?

[robcyr]

Govt spending and doom spending keep the GDP rolling along. Real truth is evictions are way up, personal debt is way up, credit card defaults are way up, car repos are way up, etc etc etc. People are never going to pay their credit card debt off so they are just maxing them out while they can.

[wagashiohagi]

It's great to see more and more people calling out Jeff's failures in the comments.