Earlier this morning the Bureau of Economic Analysis confirmed the obvious: America's economy is shrinking.
Real gross domestic product (GDP) decreased at an annual rate of 0.6 percent in the second quarter of 2022 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 1.6 percent.
Just don't expect the Federal Reserve or the Biden Regime to call it a recession. The “R” word is out of favor until after the midterm elections.
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