Originally Posted by
JamesBond
Choose any of a number. How has your 401k done since then? Bought gas lately? Food? We can get wrapped up in the academic definition of what a recession is all you want, and if it makes you feel better to do so, then have at it. But the rubber meets the road at the kitchen table budgets of the average American. Real earning power has declined ever since this administration's policies have taken effect.
Isn't that technically Stagflation? 2 consecutive quarters of negative GDP growth with 40-year high inflation?
Maybe one can argue that the low unemployment rate nullifies that theory, but then again, the labor force participation rate is still below the 20year pre-coronavirus levels.
A5S