by CoronaEraXpertTrader
Unpopular Opinion: Recession not likely is the new “inflation is transitory”
The official Whitehouse definition of recession was recently altered and changed to prepare for the impending negative GDP print later this week, which would, according to traditional well agreed upon definition of “recession”, confirm we are infact in one.
Recession: a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
I will go a step further and say the government will try their utmost to avoid acquiescing we are in a recession, such that it will ultimately cause a depression. It will likely be prolonged longer than the first gauffe.
Just look at how “inflation is transitory” went.