- cross-posted to:
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- cross-posted to:
- [email protected]
“The president single-handedly wiped out Americans’ retirement savings overnight and subjected businesses to intense whiplash with his increasingly erratic and chaotic policies that continue to drive consumer and business uncertainty.”
10% so far unfortunately.
Recessions officially require a slowdown of an economy over a longer period of time. Usually the stock market has nothing to do with it, though it can be a canary in the coal mine for it.
A recession has more to do with unemployment rate rising, negative GDP growth and consumer spending indexes falling.
Essentially it’s just a fancy way of saying the economy is slowing down in every category.
The stock market is a rich person’s playground in this day and age mostly.
it’s not an exact measure, but the rule of thumb for a recession is 2 quarters of negative growth
Unfortunately, if they do poorly, THAT definitely “trickles down”.