Posted on 07/24/2022 8:31:50 AM PDT by knighthawk
Treasury Secretary Janet Yellen conceded that the economy is 'slowing down' on Friday amid fears of a looming financial downturn - but denied the country was in the midst of a recession.
She also defended the slowdown as 'necessary' in the longterm health of the economy.
The senior Biden official was asked on NBC News' Meet The Press whether Americans should be 'preparing' for a recession.
(Excerpt) Read more at dailymail.co.uk ...
LIES.
Housing starts are down. New mortgages are down. Resale requests declined by 50% over last year.
Just like 2007 leading into 2008.
It’s going to be a bloodbath.
AFTER the midterms, she will ADMIT that there is a recession.
With all th mistakes she’s already made it’s easy to ignore what she says.
This academic has no idea at all what she is yapping about. She’s never put together a business plan or made a payroll. Totally clueless and blind to reality. Naturally, a perfect fit for the Swamp.
They’re just gaslighting now.
Orwell wrote about this.
It’s happening here all right.
Anybody in the Brandon RAT administration know what the hell is going on? Try taking you own car to the gas station to find out. Then go to the supermarket and buy some groceries. You can get some pretty damn good hints pretty damn quick.
XD XD... nice illustration of your point.
I thought we were in a recession when the economy slows down, and in a depression when the GDP actually sinks. Is that not the case?
A word of warning to the megalomaniacs infesting the Democrat party: If you’re counting on the conservatives you’re currently abusing forgiving and forgetting your Constitution destroying behavior, you are delusional. The BIG difference is that when WE come for YOU, we’ll have an arrest warrant in one hand and the Constitution in the other!
https://www.foxnews.com/opinion/tucker-carlson-bannon-found-guilty-crime-democrats-never-convicted
The worst part is enough voters may be stupid enough to fall for it.
The gas price decline might hold until October...isn’t than when sucking it out of the strategic reserve is supposed to end?
When do the GDP numbers come out? Could she be spinning bad news like the dems always do in the hopes the sheep buy it?
Whenever I see Yellen on TV, I’m reminded of the Sam Kinison’s joke about Dr. Ruth.
“I don’t know where she comes from. There’s a Haagen-Dazs somewhere missing a night manager”.
This is going to be a humdinger of a week, ain’t it?
FYI, recessions ALWAYS include a drop in gas prices.
Yep. Auto loan defaults and delinquencies are at their highest since...2007.
“Gas is down about a dollar where I live.”
Most likely due to people not driving as much.
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