Is the US economy in recession?

[tiCeR]

The more they talk about recession, the less likely it is to happen. I think recessions are a scarecrow just to take more assets out of weak hands. There will be a presidential election in the U.S. in November 2024. So it's unlikely that a recession will actually be allowed to happen. But if President Biden's administration finds a way out, it will give Biden extra points in the presidential race.

Yes I know since everybody expect a recession then there won’t be one however it seems like we will at least get a minor recession and won’t get a soft landing.

However it doesn’t mean that stocks or crypto will crash. Remember when we hit massive unemployment during Covid while the stock market hit new highs. Might be the same story since the fed might have to cut rates and lead to more money printing and it’ll cause stocks to soar higher.

If that money printing creates excess liquidity for those who receive it, then yes. But if money printing isn't fast enough to offset inflation, the people won't have excess liquidity that they could put into crypto. During Covid the inflation hasn't hit right in the moment when it started, but financial support from the government kicked in and did create excess liquidity. This only counts on average of course, not everyone was able to make any investment decisions during the pandemic.

The thing is that the retail market often can't hold onto their Bitcoin for as long as the bigger players. When we see a big recession and people decide to escape into Bitcoin, they might see themselves getting forced into selling it again in order to be able to get by. Inflation is a real problem and devaluing currency through money printing can end up in an unstoppable downward spiral. There are countless examples for it and often I think that people believe this can't happen to seemingly successful Western economies, but of course it can as well.

[DrBeer]

The economic data of the US is clearly showing a two consecutive negative GDP growth rate. While some analysts believe that the economy is in a recession, economic advisers are saying there is no major decline in economic activities.

What are the core elements of a recession?

How do we quantify a recession?

Like everyone after 2019, with the onset of the pandemic, the economy experienced a downturn. There are a lot of reasons - stopping production, death, restrictions .. All this is definitely not for the benefit of the economy and the country as a whole.
Yes, unlike most other countries, the United States has done as much as possible for its population - from a monthly check for each resident, to free food packages on a regular basis for everyone in need. And this by itself left a mark on the economy - inflation.

But the US economy is really the most powerful economy in the world to survive this test.
Plus, geopolitical factors, in a certain sense, helped "uplift the economy." This is the terrorist war in Ukraine unleashed by Russia. Assistance from the United States for Ukraine is enormous. And behind it is the military-industrial complex, which has been idle in recent years. Now there are orders, there are jobs, there are jobs for related suppliers. And this is taxes and an impetus for the economy.
Technological sector - the migration of high technologies from China has begun, back to the USA, as well as other countries (India for example), where specialists are also needed, and technologies from the USA.

All together gave a really very good picture in the economy

[Vishnu.Reang]

Excess Money printing may increase inflation, but that alone may not cause recession because higher inflation negatively impact people who have higher savings. Those who doesn't have a large amount of savings are not that much impacted. At this point new jobs are being created in the United State since there is net addition of jobs in the market at this point recession looks unlikely. However the ongoing war between Russia and Ukraine is a big concern and it can  increase  the chances of recession in the future.

[firesurfer]

Consequences of excessive money printing and disunity in world politics. The American economy thrives on blatant wars and resource plunder. Pedro dollar is one of the forms of robbery. All countries that want to buy oil must use dollars. That is the absurdity that the world must accept. That inflationary export helps the Fed issue more currency and is richer than any other institution.
Russia, China, India, some Middle Eastern and Asian countries have agreed to use a currency system other than the dollar to eliminate dependence. This creates a new pole in the world economy.

And another thing is that the opening of China after COVID makes the source of goods more abundant and makes the world economy more comfortable.
The collapse of the US economy was mainly caused by excessive interest rate hikes. The American people are mainly in debt, so the banking system is at risk of illiquidity. People's assets are being squeezed. Businesses also easily fall into bankruptcy.

[teosanru]

The economic data of the US is clearly showing a two consecutive negative GDP growth rate. While some analysts believe that the economy is in a recession, economic advisers are saying there is no major decline in economic activities.

What are the core elements of a recession?

How do we quantify a recession?

I think theoretical definition of recession is this only whatever you said but practically it's not necessary that all the symptoms of a recession will be visible in this scenario. Chances are that only a few signs might be visible or chances are no signs might be visible in a lot of sectors. Sometimes even stock markets also don't resonate to this because eventually stock market also take in consideration future aspirations which might appeal good. So recession is honestly a set of too many vague scenarios.

[usekevin]

The economic recession is common on all countries based on their economic Capacity. Because United States have enough funds to back up, the won't come to the economy recession.Maybe the GDP of the US may be get a false input and output may be skipped on the real new. The news which he shared, and economy advisor had gain a lot for us. They will reduce the economy burden by skipping the unwanted expenditure by the country.With my knowledge, the US doesn't affect by any Economic crises.They also allow the college students loan wavier with minimum wavier of 10,000 dollars for all eligible.

[be.open]

Meanwhile, US sovereign credit default swaps are flying to the moon. Shutdown is coming.

[fadhilz123]

a recession is generally defined as a significant decline in economic activity, typically measured by a decrease in Gross Domestic Product (GDP) for two consecutive quarters. The National Bureau of Economic Research (NBER) is the organization responsible for declaring the beginning and end of recessions in the US.

So, has the National Economic Research Bureau (NBER) recently announced the latest recession in the US? Because the latest news from them really needs to be known in order to see how far the recession level has arisen there. After all, it is really related to the economy so that each country can be very prepared for a recession when it starts happening in its own territory.

[Latviand]

I think that if the housing market finally crashes in the US, we might be able to call it a recession, there's a decline in GDP, consumer spending, the impending abandonment of USD as reserve currency by BRICS and then the credits are already tightening, US is on the verge of an economic recession if they're not already there.

[Negotiation]

Mainly due to the decrease in the growth rate of the United States, the overall world economy will deteriorate. These countries are the main export destinations of developing countries. For that reason, if the economy of these regions loses momentum, the growth of developing countries will also slow down. The plight of the global economy has been blamed on high inflation as food and fuel prices around the world rose last year due to the Russia-Ukraine war. Political reasons have reduced the Western world's dependence on Russia's fossil fuels.

[slapper]

The economic data of the US is clearly showing a two consecutive negative GDP growth rate. While some analysts believe that the economy is in a recession, economic advisers are saying there is no major decline in economic activities.

What are the core elements of a recession?

How do we quantify a recession?

Like everyone after 2019, with the onset of the pandemic, the economy experienced a downturn. There are a lot of reasons - stopping production, death, restrictions .. All this is definitely not for the benefit of the economy and the country as a whole.
Yes, unlike most other countries, the United States has done as much as possible for its population - from a monthly check for each resident, to free food packages on a regular basis for everyone in need. And this by itself left a mark on the economy - inflation.

But the US economy is really the most powerful economy in the world to survive this test.
Plus, geopolitical factors, in a certain sense, helped "uplift the economy." This is the terrorist war in Ukraine unleashed by Russia. Assistance from the United States for Ukraine is enormous. And behind it is the military-industrial complex, which has been idle in recent years. Now there are orders, there are jobs, there are jobs for related suppliers. And this is taxes and an impetus for the economy.
Technological sector - the migration of high technologies from China has begun, back to the USA, as well as other countries (India for example), where specialists are also needed, and technologies from the USA.

All together gave a really very good picture in the economy

U.S. economy? Massive! But hold on a second. A pandemic? The inequity of our system is shown in a glaring light. They all got rich, but what about the others? Major difficulties.

Individuals must take precedence over corporations. Healthcare, education, and welfare are not privileges that should be reserved for the fortunate few. Chinese technology used in the United States? That's fantastic, but don't neglect Mother Nature or the hardworking people who inhabit it.

We require a sustainable and equitable system. A world that does not favor the wealthy above everyone else. We need to switch things up and try something new.

[siniminomorocomunisakito]

If I'm not mistaken Recession is generally defined as a significant reduction in economic activity, usually measured by a decrease in Gross Domestic Product (GDP) for two consecutive quarters. However, if you look at other very complex economic indicators, such as declining employment, industrial production, and consumer spending, they are also considered when assessing the state of the economy.

To measure a recession, economists usually look at a variety of indicators, including GDP, employment rates, industrial production and consumer spending. The National Bureau of Economic Research (NBER) is responsible for announcing the start and end of a recession in the United States. NBER uses a variety of data sources and economic indicators to determine the duration and severity of recessions.

[Velemir Sava]

Regarding whether the US economy is in recession, we must refer once again to existing economic data, whether there has been the latest posted data update from related parties, even though previously the US Gross Domestic Product (GDP) Growth has shown consecutive negative numbers as you said. I think that even though the US is in a recession, the economists are also thinking hard about reducing this impact so that there is no significant decline in overall economic activity.

To measure a recession, there are core elements to consider. One is to evaluate negative GDP growth in two consecutive quarters. However, this is not the only factor used in recession assessments. Other factors include changes in the unemployment rate, business investment, private consumption, and other economic indicators.

[Mario Yamasaki]

I think the US economy is still strong and stable, if there is a recession the central bank will immediately resolve it, of course we know that if there is a problem with the USA it will have a global impact because many countries make the USA their economic standard and many owe it to the USA.

[bettercrypto]

in my opinion, america will recession when they get back into debt. but they don't have good collateral. well because they removed gold as peged dollar

I'm just asking does the U.S have a gold back-up? As far as I know there is none, besides that the U.S. is deeply in debt right now. And what I also know is that its debt is worth 31T$, and it looks like it's running out.

       We don't know if the U.S. will default or not, either of these two today until tomorrow we will know if the value of bitcoin will rise or fall down? When bitcoin goes down, it's probably because of the recession, maybe, this is just my opinion.

Latest debt of US - https://www.pgpf.org/national-debt-clock?

[bluebit25]

I think people can easily see problems such as the decrease in production and sales of businesses, the purchasing power of consumers, as well as the interest rate and decrease in investment,... to know that cause of the economic downturn. While assessing a recession accurately, it is necessary to consider medium and long-term economic developments, the influence of internal and external factors, and market fluctuations. Methods to quantify a recession include tracking the movements of key economic indicators such as GDP, inflation, unemployment, industrial output, and trade. Information on economic activity, sales of goods and services and consumption indicators is also another predictor of economic activity.

[nesty]

I think from the time being US economy is currently not in a recession, though it experience a down trend last 2020 due to pandemic. Usually a recession happens when there is a decline in economic activities that could last for several months and if there are decrease in the gross domestic product, employment and the others. Recession could have significant impacts on individuals and businesses., including job losses and decreased in  spending. So i think the recession is not occurring for the meantime in the US.

[Yamane_Keto]

Kids know the economic definition of recession, but as a citizen, all that matters to me is not the definition of recession, but rather the impact of recession, which appears in people losing their jobs, lack of spending and families trying to rationalize in the hope of achieving a net economic profit until the individual finds a job.
Citizens do not feel the slight, phased and controlled inflation, which does not affect their jobs to the extent that causes citizens to panic or stop the economy. Deep inflation is what causes problems for individuals, and that panic may have greater effects than inflation. United States is aware of the seriousness of inflation and as long as the economy is predictable. Even if it happened, the results would not be catastrophic.

[DrBeer]

Consequences of excessive money printing and disunity in world politics. The American economy thrives on blatant wars and resource plunder. Pedro dollar is one of the forms of robbery. All countries that want to buy oil must use dollars. That is the absurdity that the world must accept. That inflationary export helps the Fed issue more currency and is richer than any other institution.
Russia, China, India, some Middle Eastern and Asian countries have agreed to use a currency system other than the dollar to eliminate dependence. This creates a new pole in the world economy.

And another thing is that the opening of China after COVID makes the source of goods more abundant and makes the world economy more comfortable.
The collapse of the US economy was mainly caused by excessive interest rate hikes. The American people are mainly in debt, so the banking system is at risk of illiquidity. People's assets are being squeezed. Businesses also easily fall into bankruptcy.

When you tell such fabulous stories, don't forget to give real facts about how this "alternative" actually looks like
Let's look at the reality: after sanctions and an embargo on the supply of hydrocarbons were imposed against the country of the terrorist, the "friends of Russia" - India and China - immediately became active. And it was they who suggested - "let's de-dollarize the market, to spite the United States, and we will sell everything for our currencies, and they are better than the dollar, really!" And Russia began to sell gas, and primarily oil, to India and China, for Indian rupees and Chinese yuan. And they sold a lot of oil, with huge discounts! Before this stage, except for the "penny prices" for which Russia sells oil to these "friends", everything was going well.
But when Russia decided to exchange rupees and yuan for dollars, which Russia "needs like air", it turned out ... That they cannot be exchanged for dollars! And no one sells sanctioned goods for rupees and yuan. Well, or buy low-quality "copies" of sanctioned goods and technologies from India and China

I think it was a "perfect plan"

[Unbunplease]

I don't think anyone would allow the U.S. economy to slip into recession. Yes, they talk about it all the time, but the purpose of this is to manipulate the market and redistribute property (people scared of a supposed recession are selling a lot for next to nothing, but that's their choice).