The United States has officially entered a recession. This announcement comes as no surprise to many as the COVID-19 pandemic has wreaked havoc on the economy. With businesses forced to close their doors, millions of Americans losing their jobs, and consumer spending at an all-time low, it was only a matter of time before the country’s economy began to contract.
A recession is defined as a significant decline in economic activity spread across the economy, lasting more than a few months. The National Bureau of Economic Research (NBER) made the official declaration that the US is now in a recession after seeing a sharp contraction in economic growth.
The impact of the recession is already being felt by millions of Americans. Unemployment rates have skyrocketed, with millions of workers filing for unemployment benefits in the past few months. Businesses, especially those in the travel, hospitality, and retail industries, have been hit particularly hard by the economic downturn. Many small businesses have been forced to close permanently, unable to weather the storm.
Consumer spending, which makes up a significant portion of the US economy, has plummeted as people have cut back on spending and are saving their money for essentials only. This lack of spending has further exacerbated the economic downturn, leading to a vicious cycle of decreasing demand and business closures.
The government has implemented various measures to try and mitigate the effects of the recession. The Federal Reserve has cut interest rates to near-zero levels, and Congress has passed several stimulus packages to provide financial relief to individuals and businesses. However, it remains to be seen whether these measures will be enough to jumpstart the economy and lead to a quick recovery.
As the US officially enters a recession, it is important for individuals and businesses to be prepared for the long road ahead. Now more than ever, it is crucial to prioritize financial planning, budgeting, and saving for the future. By taking these steps, Americans can weather the storm and come out stronger on the other side of this recession.
BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
It's hard to predict the future until we see this month’s inflation results. However, historical data consistently show that stocks tend to outperform bonds in the long term. Therefore, I'm staying in the market and focusing on selecting high-quality stocks. The challenge lies in identifying these stocks.
These "experts" couldn't have been more wrong.
In the "Recession Joe Biden" economy local businesses are feeling the pressure from higher food prices – seeing them double, sometimes triple what they used to be. Just another let's go Brandon moment
СЛАВА РОССИИ
Скоро сдохните все!!!!!!!!
It is what it is! During this austere times, protecting one's capital is much more important than making money. Basically because if one loses one's capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
STAGFLA TION wnd result
INFLATION is really like 15-18!%!!! They changed the calculation to SUIT! and continue doing that with EVERY other formula!
yes and every station BUT THIS one says " nah the labor market is strong,the 2 quarters in a row doesnt matter,blah blah blah…..
Uh No!….multi trillions SPENT by current Admin!
We are not in a recession until the national bureau of economic research declares it
Trump put money into are pockets Biden took it out before u reply think abt all the times this has happened the ppl start becoming rich the ppl or person in power do something either create something like inflation so the ppl will lose their value becomes their at the top and money is power money was created to have power over people
America needs to seek first the Kingdom of God and His rightousness and all things will be added.
This is all Putins' fault , Right Joe ? I have never seen so many people with calculators in hand, at the grocery store. Must be a math class.
All of a sudden, Now some serious acting has started in market to pull down the economy down. various electronic media private / government / You Tuber has a great role to play, thereby by spreading serous FUD pressuring common people to empty there pocket.
1) Global warming
2) Global draught.
3) Global economic collapse/ high inflation. And many such other…
It's only done, so hefty people with hefty amount can enter in down market. And can make tremendous welth.
Common people/ investors hold your breath, your testicles will be squeezed in next 3-6 year's of time, till you scream or until you die.
Not this time…
Let’s hear this news from a real network.
Like a forest fire that wipes out the old trees to make room for new growth, bearish periods ultimately establish a new crop of stocks to buy and watch while setting the stage for a robust new uptrend.I have been reading articles of people that grossed profits up to $250k during this crash, what are the best stocks to buy now or put on a watchlist?
We need a 4th stimulus
This is what happens when you have an installed presidency in a minute old presidency and administration especially a democratic one at that not casting stones at any of the 2 party of tyranny in Washington DC as I am an independent however this is what happens when you elect democrats on promises to fix anything all danything they all they know how to do is spend and spend other people's money like a bunch of drunken sailors and a bar on leave
With inflation running at a four-decade high, a recession is now the ‘most likely outcome for the economy. How can I grow my portfolio to outpace inflation and maintain a successful long-term strategy? I have been reading of investors making mouth watering profit in this current crashing market, any recommendations to scale up my returns during this crash will be highly appreciated.
so how is GOLD price so low , doesnt make sense?!?!?
Let’s see what they redefine in Q3 lol
Here we go with the avalanche of Biden blame. Just like when Trump was president nobody gets anything done and would much rather point the finger at the president instead of the hundreds of politicians who have just as much pull of not more than the president when it comes to approve anything. Let’s ignore the real source of our problems and use the president as a scape goat for a quick laugh
Greetings from Europe we wish you pleasant stay here in s**t hole of our own creation
It's BIDEN Recession. Don't let them forget that.
So get joe Biden and all his staff out of office because we weren’t there until this man and his staff came to office
The woman reporter has annoying voice! stop exaggerating! Yes recession is happening and your voice scares the hell out of us.
It’s been official for years now
Hunter Biden
Karma is a b*tch hope it worsens
Cool story bro
The new order is coming.
Biden Worst President Of All Time!
Biden says the opposite! Biden is a conman!
In only two years, Biden has habitually sank our economy and country
Kudos to Fox for acknowledging that two negative numbers added up equals a negative number. Others are still struggling with the concept.
Biden Voters: I voted for him because I didn't like Trump's beliefs
Me: I had a headache so I cut it off
They voted for Biden because they wanted feelings over facts on how to run this country.
Trump 2024
Boe Jiden
its called inflation not recession.
That's why it's important to shop in American stores because it's these foreigners that are for Joe Biden are help raising it so beware of the franchise chains..
crazy how we will have to deal with this for a few more years possibly even more. We can't wait that long…
Like a forest fire that wipes out the old trees to make room for new growth, bearish periods ultimately establish a new crop of stocks to buy and watch while setting the stage for a robust new uptrend.I have been reading articles of people that grossed profits up to $250k during this crash, what are the best stocks to buy now or put on a watchlist?