we are in a recession. the economy has been tracking all year real wages are at record lows and at the same time inflation is the highest it s been in a lifetime of most americans. so call it whatever you want, but it is a recession and it is scary. and they are ignoring it. we are gonna spend the next hour and festa getting how exactly this have happened and how to they tank the economy so fast and what is it mean? get to the answers we can speak to people who had actual credibility on economics that does not include our most highly credentialed economists. people who like the public health experts we watch the last 20 half years have thoroughly plowed and discredited themselves. a year ago right about the time he told us that vaccines will absolutely prevent you from getting or transmitting covid joe biden was asked hey what happens if we go into a recession? in response as he does joe biden invoked highly credentialed experts watch this. president biden: you know as econ
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Economists polled by Bloomberg said there was a 70% chance of a U.S. recession last December now they say the odds are 58%. Other polls are even lower.