Don’t worry. Jo Jo the Pedo Clown and his band of Snowflakes have everything figured out. LOL! He’ll fight the recession using the same tactics he used with Corn Pops. Go get ‘em Jo Jo!
Yes, he sounds reminiscent of Milton Friedman to me.
On America’s Voice, a guest said we are in a recession, and it will become a depression soon.
“Johns Hopkins economist predicts ‘whopper’ of a recession in 2023 — and points to one key economic reading the Fed is missing”
If the Demoncrats ... I mean Democrats get their way and end up with a veto proof House and Senate it will probably be a full blown depression, not a recession.
he may be one of the few economists left who is A-Political when it comes to his economic forecasts and doesn’t base his predictions on politics.
Um, we’re in a recession NOW.
They spew this crap in a desperate attempt to affect the Fall elections — those Democrats are doing a great job with the economy!!
It won’t work.
Voters will support Republicans. At that point, these same economists will suddenly notice the Recession and blame the people who just got elected for screwing up Biden’s Booming Economy.
I hope that I am wrong, but I fear it will be worse than a “recession”.
We have NEVER had this much consumer debt. As consumer spending dries up the small businesses that survived Covid will not be able to make it and unemployment will rise drastically further fueling the downward spiral.
Our government and the “Fed” have shot their wad with stimulus or quantitative easing. They can still do it, but it has no effectiveness beyond propping up their chosen causes because it further erodes the dollar.
I would love to be wrong, but I think we are in deep trouble. My unease with our current situation is made worse by the bleatings of a journalism class that has been wrong about every major issue recently to include economics.
We did not get here overnight and we will not get out of it overnight either......
It’s Official: The US Has Been In a Recession For 6 Month
https://americasvoice.news/its-official-the-us-has-been-in-a-recession-for-6-months/
—— 70% of Americans are worried about an imminent recession.——
Balderdash
70% of Americans don’t know what a recession is beyond the fact it is bad
From my perspective, the key economic numbers are cooked. GDP, unemployment, and inflation. One can read about all the changes to the metrics over the last 40 years. The chances obscure bad numbers. To compare metrics over time, the algorithms and process must be constant.
The US key metrics have had their processes and algorithms constantly adjusted with no restatement of history making any comparison of current numbers with past number impossible. I prefer to look at government shadow statistics which states they use the history algorithms and processes so they can be compared. GDP, unemployment, inflation are much, much worse than the published numbers and intuitively make more sense with what I personally observse.
We are in a recession. We have been since the country was shutdown. True unemployment is very high and true inflation well above 12%.
Prep for the coming food riots.
We are ALREADY in a recession, let’s not forget that. Otherwise, they will claim it started after and is a result of the November election. Mark my words.
This might be the strategy of the left- create policies now that will cripple the economy when a republican inevitably takes over in the next election, blame the republican, get a dem in power for 8 straight years as a result?
Diana Furchtgott-Roth: “I am optimistic that the economy is going to get better in the future and that we are going to have a mild recession, which is going to get inflation out of the economy, and then the economy is going to continue to increase,” she said.
Lollipops and Roses by Herb Alpert => https://www.youtube.com/watch?v=zLZmeyJ2KRY
Money supply? The fed seems disinterested in figuring printing endless money into their inflation calculations.
In our current case the presses slowed down in March last year. It takes around 18 months for equilibrium to be reached so inflation will be slowing down. The resulting recession will be steep due to increasing regulations and taxes. The IRS tyranny has been stepped up as well further crushing the economy.
There is supposed to be a recession.
His statements look ignorant to me. He is a professor of economics? No wonder we are so screwed up.
We are trying to lower the money supply because it is far too high from having had trillions of printed monopoly bucks pumped into it the last two years.
A recession is the only way this soaring inflation can be cooled off. Not only that, people are running out of disposable cash because of inflation caused by money printing and inflationary energy policy.
Diana Furchtgott-Roth, George Washington University adjunct economics professor ...okey dokey, sounds like someone grounded in private sector experience, NOT.
Yep, get ready for a real humdinger recession for the next 12-18 months.