We are now in the midst of the already obvious, but previously undeclared Biden Recession.
But the very facts that make this recession different from previous ones actually make it far more threatening and potentially catastrophic;
We are currently in a period of consistent GDP shrinkage and high inflation
despite extremely high employment and multiple employment numbers, despite high consumer spending, despite very low interest rates, despite a ballooning stock market. This adds up to priming the stage for cataclysmic economic collapse. The fed, and the organic rubber banding of the economy on its own, are both powerless to bounce back from this recession with a soft landing. They can't just slash interest rates. We can't just drive consumer confidence and get people back to work. Everyone is already employed. Minnesota tops the charts with a 98.2% employment rate. But people are being paid in funny money, monopoly dollars. Supply lines are being stretched to their breaking points and property values have bubbled astronomically, we've already poisoned the US dollar with absolutely massive money printing in the past 2 years;
https://i.ibb.co/C9WsvzP/m2.pngWe're already being squeezed harder than many people can afford and we're living on borrowed time. The economy has nowhere to go but over the cliff
Hasn’t gas prices came down. Cost of living change at all?