Don’t expect the bounce-back in the US economy in the third quarter to quiet the chorus of recession calls. The US economy grew by a stronger-than-expected 2.6% from July to September, after contracting 1.6% in the first quarter and 0.6% in the second quarter of the year. . They are focused less on the deficit of growth in the first half of the year and more on the surplus of uncertainty ahead.
“That’s why I’ve tried to wave people off of this whole question about whether there was a recession or has been a recession in the first half because inflation is bad enough,” Mark Hamrick, senior economic analyst for Bankrate.com, said on CNN’s Early Start. The pain from inflation would be worse than the pain of rising unemployment in a recession. “What do recessions and inflation have in common?” Hamrick said. “They part people from the ability to buy the things they want and need.
Poor spending choices by a failed president.
Couldn't just deliver some good news? Markets move on speculation.
Wait for it! CNN will find a way to beat this news down showing President Biden's leadership on the economy.
It's still a recession for the poor and working class