amuse on 𝕏 by Alexander Muse

amuse on 𝕏 by Alexander Muse

Wonder why the US economy is NOT in recession despite the fact that we've had two consecutive quarters of shrinking GDP?

The White House provides 90% of the budget for a company in Cambridge, MA that is contracted to announce the beginning and end of recessions. They redefined the term and say we are NOT in a recession.

Alexander Muse's avatar
Alexander Muse
Jun 16, 2022
∙ Paid

Earlier today President Biden confidently claimed that a recession was not inevitable1 despite the fact that the American people have suffered through two consecutive quarters of shrinking GDP.2 The Oxford English dictionary defines a recession as “a period of temporary economic decline during which trade and industrial activity are reduced, generally ide…

User's avatar

Continue reading this post for free, courtesy of Alexander Muse.

Or purchase a paid subscription.
© 2026 amuse𝕏press · Publisher Privacy ∙ Publisher Terms
Substack · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture