US Economy is Already in Recession

 US Economy is already in Recession, Technically !

I had waited for a fortnight for 1 million trained economists on this planet to say that officially .  But "White House Cat got their tongue".

No, we do not measure Recession by stock market index value alone, unlike CNN, NBC, Fox , BBC does. 

Recession is measured by 2 quarters of negative GDP reported by any economy, Which US did in 1st and 2nd quarters of 2022. 

But this is an Election year in US, moreover they have high inflation tending towards hyperinflation and a proxy war with Russia in Ukraine ( which in turn is Proxy war with China).

This year it's only a Recession when stammering Big Boss says it is. 

But seriously speaking world is facing Stagflation of worse sort. Stagflation is generally considered as stagnant GDP growth in low positive percentage and high inflation. But now they have Hyper-Stagflation.

 All the "Green Talk of Glasgow" from last November are now history, it is now clear world especially Western World are as addicted to fossil fuel as a junkie is to narcotics. 

You won't be reminded of all these by Big Media for none is interested in giving real news, they are just Stenographers typing out whatever their bosses told them.

So "Two quarters of negative GDP growth" is recession for Sri Lanka and maybe even Russia, but for USA or UK or Eurozone. 

Let's wrap it up here for now before Bidenite Trolls start accusing me of being Russian or Martian or Alien from outside Solar system.