This recession has been trying to make an appearance for almost four years. Keeps getting dodged. Maybe someday it will happen. Eventually the articles will be right.
The Fed has decided to re-elect BiXiden, inflation be dammed[ and not in the dam sense].
What used to be the common determinant of a recession was two quarters of negative growth, which we’ve had but was ignored. It’s also important to recognize those economic figures are supplied by Washington where everything passes through a political filter before release. The figures that are marginally accurate are those “corrections” issued after the fact that are “old news” and seldom reported. Our economy is a house of cards, and a strong wind is coming. One thing you can depend on: If Trump is elected the true state of the economic calamity Washington has caused will be revealed and he will be blamed for it. If a democrat is in the Whitehouse the narrative will be nothing but sunny days ahead.
I discussed this with someone who figures that if Trump wins, it’ll happen about a month after the election so as to blame him.
If the democrats win, it’ll likely be next summer, 2025.