Yes, we will have a recession in the United States this year. At least that is my full expectation based on basic economics and some gut sense of how things will play out politically. First the economics… Inflation US consumer price inflation is now at 8.5%. Inflation has now been high for nearly 12 months. Inflation last April was 4.15%, the highest it had been in 10 years. No one was sure if that was “real” at the time because inflation dropped to near zero during the Covid recession. But then it continued to rise and stayed around 5% all summer, then continued upward.
A Recession is Coming
A Recession is Coming
A Recession is Coming
Yes, we will have a recession in the United States this year. At least that is my full expectation based on basic economics and some gut sense of how things will play out politically. First the economics… Inflation US consumer price inflation is now at 8.5%. Inflation has now been high for nearly 12 months. Inflation last April was 4.15%, the highest it had been in 10 years. No one was sure if that was “real” at the time because inflation dropped to near zero during the Covid recession. But then it continued to rise and stayed around 5% all summer, then continued upward.