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Economists say the US is already in recession

11/26/2021

Consumer confidence, a measure of how Americans view economic expectations about income and employment, is as low as just before the 2008 financial crash.

Source: The Motley Fool

  • Consumer confidence, a measure of how Americans view economic expectations about income and employment, is as low as just before the 2008 financial crash.
  • Gross Domestic Product is artificially high and is 1 year behind current data.
  • Unemployment is held low due to government Covid pandemic support.
  • Other considerations: Increasing inflation, higher interest rates, rising energy costs, fractured supply chain, unemployment income tax liabilities, and a pending cold war with China over Taiwan.

Source: Zach Friedman, Forbes

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