A Bit of ECON 101

It’s beginning to look as if the economy shrank again in 2Q 2022. That would be a second quarter of negative economic growth which meets the formal definition of a recession

Informally, it’s generally agreed that a recession is when you neighbor loses his job, a depression is when you lose yours, and a recovery is when a whole lot of politicians (mostly Democrats) lose theirs.

T minus 135 days.

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