The US might already be in a recession

[Yo_Mama_Been_Loggin]

Let’s just say it: The longest economic expansion in U.S. history may already be over, killed by Covid-19.

It might seem crazy to talk about a recession when jobs are plentiful. Today the Bureau of Labor Statistics announced a decline in the February unemployment rate to 3.5%, tying a 50-year low.

But a recession isn’t when things are bad. It’s when they aren’t quite as good as they were at the peak. (Conversely, an “expansion” begins when the economy hits bottom and starts back up.)

When economic historians look back, they may pick February as the peak of the expansion that began in June 2009. That would give it a longevity of 128 months, the longest in records maintained by the National Bureau of Economic Research going back to 1854.

https://www.msn.com/en-us/money/markets/the-us-might-already-be-in-a-recession/ar-BB10QPBJ?li=BBnbfcN&ocid=hplocalnews

[empedocles]

1. The US may be in a trumpRECESSION

[Yo_Mama_Been_Loggin]

2. #Trumpslump

[empedocles]

3. trumpdump

[jimfields33]

4. We have to have two consecutive quarters of negative GDP

This quarter might be the first and summer the second.