If it seems like the economy is headed downhill, you are right… According now to official data released Thursday by the US Bureau Of Economic Analysis, the U.S. economy has shrunk for SIX consecutive months, leading many leading economists to declare a recession. But amazingly, the Biden administration is pushing back, arguing the U.S. is not in a recession at all. Rising inflation, elevated gas prices, a sharp dip in residential investment, and declining builder confidence. Despite all that, Joe Biden on Thursday was quoted as saying
“That doesn’t sound like a recession to me.”