Andrei Jikh: Recession will happen

The window it was checked over

NBER-based recession indicator: Federal Reserve Bank of St. Louis via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

finance and stay for the possible recession because blue chip tech stocks are now as volatile as bitcoins and paypal was down over 20 in a single day last week and inflation readings as high as they are it seems like a recession is pretty much inevitable at this point and it's backed by some really good data check this out this is a really interesting observation that i saw in one of meet kevin's videos that i thought was really cool but also really scary which is that any time we've had an inflation reading of above five percent we have always followed that with the recession every single time in the last 70 years other than once and right now our inflation is closer to six and a half percent if not seven percent last year so what is exactly a recession though maybe you knew this i didn't know this but a recession is officially defined as two back-to-back quarters or a six-month period of negative growth now how do we measure that growth exactly that growth is measured by the gdp the gross domestic product and in the case of 2020 you can see from fred st louis fed the chart shows q1 as going down that's the first quarter and the second quarter really went down marking it as an official

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