Is The US Economy In A Recession?

If it acts like a recession and contracts like a recession, is it a recession? That was Monday's question of the day posed to Meghan Swiber, BofA Global Research U.S. Rates Strategist, by Alix Steel and Anna Edwards on "Bloomberg Markets: Americas".

[adolfot]

Call it what it is.
Never has the media been so shy to call a recession then now, seriously wtf.

[asherdog]

By definition we are in a recession now.

[glynnpowell]

So much gaslighting. We’re in a recession straight up.

[emanuelcollado]

Why are you clowns 🤡 changing the definition of a recession?

[DanielRicany]

The answer is in the dictionary. Just look up the word recession. Question answered.

[stephaniestella]

The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse is near.

[gigante]

I'll put it to you this way, If it smells like a duck and quacks like a duck it's not a sloth

[Mavistyio]

This a great video, I learn alot watching your
videos and it has been helpful to me. building a
steady income is quite difficult for newbies.
Thanks to Mrs Sophia for improving my portfolio,
keep up with good videos.

[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

[stoundingresults]

It depends on what the word "is" is.
Bill Clinton

[svengurglani]

2Q negative. You've tried to redefine other stuff, but it wont work here.

[damonorr]

Depression!! Consumer spending crashing house market crashing energy bout to go of the charts central banks out of money. Depression period

[shel]

We have always defined a recession the same way since forever.. but this time around we won’t because the president said so. Makes total sense. 🤔

[VL-inquisitor]

The USA already had 2 consecutive Qs of negative GDP growth and this means that the USA is already in recession according to the definition. Anyone saying that it is not a recession or the USA is merely in a 'technical recession' is trying to whitewash the peril and seriousness of recession.

The first key question now is whether the recession will get worse or better from this point. The 2nd key question is whether inflation will add to the predicament of the average household in America.

[ahmedhussain]

Great stream, as always. I appreciate the level-headed approach you take to the news and the markets. A lot has changed and that's on everything but the truth is I don't even care much about bullish or bearish market anymore because Mr Richard Scote got me cover as I am comfortably making 1.5B T C monthly...

[edmerc]

Enough with the spin, Two quarters of negative growth is the textbook definition of a recession.

[SGB-hqdk]

That’s the big issue with liberalism. People lie to themselves when they don’t like the outcome.

[paulgilbert]

I went to the mall yesterday. Based on what I saw, I assure you, we are not in a recession. Not even close.

[jwnvqzk]

I sympathize with all of you from Russia, but we have been used to this for a long time.

[terra]

They are as afraid of calling a recession a recession as to call a woman a woman.