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Originally Posted by Chicks
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Fact? FACT? Have you seen the economy under Biden? The economy contracted at an annual rate in two consecutive quarters this year, meeting one common definition of recession. The International Monetary Fund has repeatedly lowered its forecast for U.S. and global economic growth in 2022 and 2023, as soaring and purchasing power.
The Fed seems intent on slowing the economy further by raising interest rates to combat inflation. Gas and oil prices are on the rise again after a brief late summer respite from their all-time highs this past summer.
CNN Business:
The question of a recession is no longer if, but when.
Over the past week, the pulse of those flashing red lights quickened as markets grappled with the reality — once speculative, now certain — that the Federal Reserve will press on with its most aggressive monetary tightening campaign in decades to wring inflation from the US economy. Even if that means triggering a recession. And even if it comes at the expense of consumers and businesses far beyond US borders.
The inconvenient fact is that your premise is a currently being proven a lie.