“The president single-handedly wiped out Americans’ retirement savings overnight and subjected businesses to intense whiplash with his increasingly erratic and chaotic policies that continue to drive consumer and business uncertainty.”
10% so far unfortunately.
Recessions officially require a slowdown of an economy over a longer period of time. Usually the stock market has nothing to do with it, though it can be a canary in the coal mine for it.
A recession has more to do with unemployment rate rising, negative GDP growth and consumer spending indexes falling.
Essentially it’s just a fancy way of saying the economy is slowing down in every category.
The stock market is a rich person’s playground in this day and age mostly.
it’s not an exact measure, but the rule of thumb for a recession is 2 quarters of negative growth
there is 7 quarters remaining. Dumpf will bring the greatest depression in american history and if reserve currency moves away from dollar, there will be wars. Thucydides trap is here and better be prepared.
I wonder why they waited until just after the first quarter. Hmmmmm…
The stock market is a rich person’s playground in this day and age mostly.
Unfortunately, if they do poorly, THAT definitely “trickles down”.
