702. Recession Confirmed, What Now? | Bitcoin $BTC Sentiment Analysis
Jul 29, 2022 ·
40m 44s
The U.S. economy shrank in the last three months by 0.9%. This is the second consecutive quarter where the economy has contracted. In the first quarter, GDP, or gross domestic...
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The U.S. economy shrank in the last three months by 0.9%. This is the second consecutive quarter where the economy has contracted. In the first quarter, GDP, or gross domestic product, decreased at an annual rate of 1.6%. While two consecutive quarters of negative growth is often considered a recession, it's not an official definition. A nonprofit, non-partisan organization called the National Bureau of Economic Research determines when the U.S. economy is in a recession. The White House has pushed back against calling the current economy a recession. It is no doubt aware of the role the economy is going to play in the midterm elections.
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~This episode is sponsored by iTrust Capital~
iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaul
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