Why The Emerging Recession Will Be Deeper And More Painful Than You Know

7 min read

Economists are in agreement that the coming recession will be deep, lengthy and painful. Make no mistake, a recession has already begun. The general definition of a recession is two consecutive quarters of negative economic growth. We’re past that. And we all know it. Recent consumer surveys show that average people expect inflation to get worse and last longer than what we’ve been told. This round of inflation has never been “transitory”, like President Biden, Treasury Secretary Janet Yellen and Federal Reserve Chairman Jay Powell arrogantly assured us last year.   But the Biden Admisntration is evading admission of an…...

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vicnapier Vic Napier has been studying and writing about economics, psychology and popular science since 2005. His main economic interests are labor markets, statistics, human resources and emerging technologies. He spent 15 years teaching Business, Psychology and Statistics to undergraduates and loved every minute. Vic loves living his dreams in historic Tucson Arizona in the beautiful Sonoran Desert. Visit his website at VicNapier.com and his Medium.com page at https://medium.com/@vic_13968