Listen to my July 29 Alternative Visions show (55min.) unpacking the results of 2nd Quarter US GDP and my take on the debate whether recession is here or not. Of course it is, notwithstanding official politicos spin to the contrary. Explaining the two definitions of recession & why they always have converged.
TO LISTEN GO TO:
https://alternativevisions.podbean.com/e/alternative-visions-us-2nd%c2%a0quarter-gdp-is-recession-here-what-s-a-recession/
Truthinness that is the Stephen Colbert phrase making the rounds on the internet Biden/Pelosi/Powell/Yellen are experts Too much unemployment define it out of existence GDP too low. make up a new category of numbers Pandemic a problem stop reporting daily deaths But all the Truthinness in the world won’t change the fact that tens of millions of Americans are suffering