Jerome Powell got what he wanted: a recession.
Bidenomics!
Jerome Powell got what he wanted: a recession.
Bidenomics!
Well now, it seems like our economic situation is a whole lot like ol' Joe Biden - not exactly thrivin'. Turns out that the dems have been doing some serious gaslighting.
While the historical performance and timeliness of the Sahm rule has been very accurate, the reliability of the Sahm rule in today's economy has been questioned due to several distortions and there is reason to believe that the economy might act differently this time around due to unique unusual conditions[citation needed].
Citation needed indeed. This paragraph seems almost hand crafted by a Biden stan salty about biden's failures.
source: it came to me in a dream ๐
Oversimplifying, an uptick in the unemployment trend means a recession is on the way.
Sahm Recession Indicator signals the start of a recession when the three-month moving average of the national unemployment rate (U3) rises by 0.50 percentage points or more relative to the minimum of the three-month averages from the previous 12 months.
News from within the empire - From a leftist perspective