Many Americans are questioning the financial health of the U.S. High inflation, rising interest rates, a sluggish supply chain and the war in Ukraine have created conditions for a possible recession. Yet economists say otherwise and that the economy is doing OK. Christopher Rugaber, an economics reporter for the Associated Press, explains why the economic forecast is showing a small chance of a recession.
#News #Recession #Inflation
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BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
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Is the U.S. Heading for Another Recession?
The U.S. economy has been growing steadily for the past several years, but recent economic indicators suggest that the country might be heading for another recession.
One cause for concern is the inverted yield curve, which occurs when short-term interest rates are higher than long-term rates. This phenomenon has historically signaled an upcoming economic downturn. The last time we saw an inverted yield curve was in 2007, just before the financial crisis hit.
Another concern is the declining manufacturing sector. The Institute for Supply Management’s manufacturing index fell to 49.1 in August, the lowest level since January 2016. A reading below 50 indicates a contracting manufacturing sector. This decline is attributable to several factors, including the ongoing trade war with China and a global economic slowdown.
The consumer sector, which has been the driving force behind economic growth in recent years, is also showing signs of weakness. Retail sales fell 0.3% in September, the first decline in seven months. This decline can be attributed to a variety of factors, including the ongoing trade war, rising tariffs, and wage stagnation.
Last but not least, we must not forget the rising national debt. The U.S. federal government is currently running a massive deficit, with the national debt exceeding $22 trillion. This significant financial burden not only puts a strain on the government’s finances but also limits its ability to spend and stimulate the economy during a recession.
All of these economic indicators taken together are suggestive of an upcoming recession in the U.S. While it’s impossible to predict exactly when a recession will hit or how severe it will be, it’s important for policymakers and consumers alike to prepare themselves for the possibility. Taking steps to reduce debt, save money, and invest wisely can help weather any economic storm that may come our way in the future.
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Need to make law that will make people that are 18 to 25 get jobs if they don't get one that they have to serve 2 or 5 years in the military or military school
Depression you mean
This is literally what trump said would happen if Biden was elected, don’t act like the man didn’t warn you
Yes .
Send a thank you note to Dementia joe and the communist democrats.
The recession's already here, get your savings out and fasten your seat belts….
Thank you Mr. Biden!!!! we want more of the same!!!! NOT!!!!
We’ve been in a recession for the past 14 years
False moral boost..
On a lighter note…it is a lovely spring
Yes we are. Because Americans Loves to give people pay raise for people that do nothing and law off people that do most.
Still waiting for vaccines
People are still behind in using new technology .
For folks blaming the stimulus checks (printing too much money) and blaming that on Biden. You are forgetting something, the stimulus checks were sent under the Trump adminstration. Republicans controlled the Senate. Democrats controlled the House. Trump was President. It was a bipartisan decision to send out stimulus checks, in response to thousands of businesses closing and people losing their jobs due to COVID. Two, before Trump left office he signed an executive order to send out more $600 stimulus checks. This was done December 2020. Some folks have selective amnesia. Biden has not approved stimulus checks since he took office – just the infrastructure deal. Do research before you post.
The economy isn’t slowing down. It has heated up too fast. That’s why the fed raised interest rates. To control inflation by slowing down the economy. Demand for products and services has outpaced supply resulting in higher prices. This is classic Keynesian economics. Supply and Demand. Everyone relax and it’ll be OK.
If Trump becomes President we will drop through the floor!
The great reset!
#FJB
Just say it for wtf it is. We are headed to a recession quick, fast and at a break neck speed.
I would get all your money out of these markets before they steal it all again and our government bails out the banks while the American people lose their homes and assets, you know, again.
I would strongly encourage you to bulk-up on cash. If that means not paying bills, rent, etc., so be it. Your suppliers will be begging to keep you as a customer, as this economic depression takes hold. Don't pay anyone. Why put your hard-earned money in your landlord's bank account? Your landlord is next on the bankruptcy list.
Here's a copy of the release Analytical Associates sent to media last week:
Our Misery Index data shows that in the month of April 2022, the following variables spiked-up:
Bankruptcies,
First-time unemployment claims,
Foreclosures,
Evictions,
Auto repossessions,
Late bill payments including electricity,
Store closures,
Homelessness, and others.
The Analytical Associates Misery Index for April 2022 points to a deep US recession imminently.