Chat with us, powered by LiveChat

Are We In A Recession? Janet Yellen Says "No Way"

John Galt

Updated: August 1, 2022

yellen liquidity market
Editor’s Note:

EDITOR'S NOTE: There are certain conditions in life that are quantifiable despite remaining qualitatively vague. Take test-related grades. You either passed at some level or you failed. Not necessarily meant to measure your full academic potential, it instead gives you valuable data on your performance with regard to a particular topic of study. If you received an F, it’s not a “semi-pass.” Now, although the term “recession” can have multiple implications and effects, the fact of the matter is we have been defining it as two consecutive quarters of GDP declines. It’s a conventional measure, not a universal truth. Recessions arguably represent the “natural” contractionary phase of an economic cycle. But to politicians, the R-word comes with a stigma. It somehow represents failure. And the Biden administration (especially US Treasury Secretary and former Fed Chair Janet Yellen) would rather deny the reality of a recession measure and gaslight the American public than acknowledge the measure and work to resolve the problems that lay ahead.

Are we in a recession?

Source: Zero Hedge

Yellen, Biden, Deese et al. all say...

Will they be proved wrong again?

Source: Zero Hedge

Watch the Treasury Secretary squirm her way out of this one (due to start at 1330ET)

Source: Zero Hedge

Originally published on Zero Hedge.

No Investment Advice

GSI Exchange is a publisher and precious metals retailer. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Content on the Site is provided for information purposes only, and none of the information contained on the Site constitutes an offer, solicitation or recommendation to buy or sell a security. You understand that the GSI Exchange receives neither monetary or securities compensation for our services. GSI stands to benefit from the sell of retail cost precious metals on this site. To avoid hidden costs all prices are listed live 24/7 on this site. Read the full disclaimer

2022 Info Kit

GET YOUR FREE

GOLD SILVER INFO KIT

Precious Metals and Currency Data Powered by nFusion Solutions