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Is the US actually going into recession or is it just fake number going down? (lemmygrad.ml)

submitted 1 week ago by [email protected] to c/[email protected]

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I mean more on the side of us. I don't really care about capitalist tears.

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[–] HobbitFoot 1 points 1 week ago

The stock market has fallen, but a recession is called when the Gross Domestic Product falls for two quarters in a row. We might be in the beginning of a recession, but we won't know until after the data is collected.

That the stock market has dropped so much isn't a good sign, as the stock market is usually a leading indicator on how the rest of the economy is doing since it is easier to calculate a basket of stock prices than the GDP of a country.