The odds are not encouraging. The table below shows the 30 biggest 2 consecutive quarterly #gdp declines post World War II. All of them, without exception, were considered an official recession. The odds of our current economic environment not being recessionary are very low. The #federalreserve was late to recognize inflation was not transitory and it would appear they’re going to be late again calling a #recession and, therefore, act accordingly. And, as it happened with #inflation, when they do realize they made a mistake, they will need to act aggressively to fix it.
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