Wait, so is the U.S. in a Recession?

The U.S. just reported negative GDP growth for the second consecutive quarter. But Jerome Powell and Joe Biden refuse to admit that the United States is now in recession in 2022. But is there something to their arguments? Even though the stock market has crashed, crypto is a disaster and the housing market looks set to drop, could there be an argument that the economy is actually looking okay?

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★ ★ PROFITFUL ★ ★

★ ★ CONTENTS ★ ★
0:00 Q2 Negative GDP Growth
2:12 What is a Recession?
3:39 Decline in Economic Output
5:18 Cathie Wood on an Inventory Led Recession
5:43 Walmart's Stock Problem
6:52 Real Income Levels
7:50 Very Strong Employment
8:42 Jerome Powell on the U.S. Recession
9:32 Consumer Spending
10:14 Is this sustainable?

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[satishshinde]

This is scary. To not acknowledge the problem at first and when they do, they downplay the severity of it, next use faulty measurements for decision making. This one of the rare situations when many things go wrong subsequently, never ends well.

[burtonyan]

I wouldn't listen to the feds on this. This recession might not be like other recession, but it most certainly is one. I mean.... all I need to say is 'transitory'... right?

[CurtisPEERS]

They are. They've changed the definition of it out of pure desperation. Pathetic.

[bestgirlie]

crash and bullish market provides equal high-yield potential, it's all about information and strategy application, I've seen folks make huge 7figure profit in a crashing market and pull it off as easily in a bull market, Unequivocally the crash/recession is getting somebody somewhere rich.

[acidtrungpa]

Would it be possible to address the Recession issue in EU and UK as well?
Most of the ppl are confused here, and blaming the gov for giving the money away for those in needs during the Rona time, ignoring the fact that those moneys are going back to the system.
But also ignoring the fact that those moneys from our tax going on military spendings, are gone for good.

[erichuettner]

I like that at 9:47 you can see spending rising steadily in 2013, suddenly drop in 2013, then immediately rebounds in 2013 to levels above even 2013. And yeah 2013 was rocky, but now in 2013 you wouldn't even know that we even had a recession in 2013.

[ikaustralia]

Why work on the economy? Just change the definition! They did the same with unemployment back in 2009 when only full-time employment was counted as the employment and that was changed to 'any form of employment'.

[neoncharge]

You’re the first person on YouTube with a rational view of this.

[lexnite]

This is called "Moving the goal post"

[decus]

I think that the usual 'simple' definition of a recession being 2+ quarters of declining GDP is fine, and I think that it's perfectly fine to just say 'we are in a very mild recession'.

[per]

There are other numbers that has to be down besides GDP before a recession is here. Usually these numbers goes down with the fall in GDP but not this time, that is why its only a technically recession.

[TheAtllas]

5:20 Michael Burry also called the inventory led recession in one his tweets about the bull whip effect weeks ago.

[invcark]

Look maybe a mild recession. Not everything has to be by the book specially with so many variables today.

[Tessitura]

Can we talk about how imperfect "unemployment" is as a measurement of economic health? Unemployment is probably low because everyone has at least 2 jobs and a side hustle. Wages haven't effectively gone up for workers in decades. Who cares if someone has a job (or 2?!) if it no longer covers the bare minimum? These metrics need a real update.

[kouzelisantonios]

Think you forgot to alter the x-axis at 9:45. But whatever, great vids man. Keep it up!

[TheGichnni]

The White House is acting more and more like a Monty Python movie for political purposes... Soon coming: "It's just a flesh wound!!!"

[grcfalcon]

Your argument is that the consumers are actually burning their last fuel (bank savings running low). On the other hand if employment is high more people will get cash injections. That will counter the effect but will it be enough? I don't live in US so I don't know if the average salaries there can keep a household going, buying more than necessities. In Greece for example the situation is really bad. Wages are stable but the cost of living is increasing and most people buy only food and pay their bills. Do we have any indicators that show how much does the average American borrow each month? I read somewhere that they depend too much on credit cards. In general I think we are walking on a thin line. Waiting for the tip of the balance...

[davecroes]

5:52
"Focus only on the bare necessities"
"Bare necessities"
"Bare"
Bear
Bear Market
Conclusion: Short SPY -30% 5DTE

[bigv]

2008 : The housing market isn’t going to crash, you’re crazy.