U.S. has actually been in recession since 2022!
A new report from the Epoch Times reveals the stunning conclusion from several economists: That the U.S. has been in a recession for the last two years, based on adjustments to the nation's consumer-punishing inflation rates.And, the report revealed, "According to Bureau of Labor Statistics data, cumulative inflation since 2019 has totaled nearly 25%."
Economists EJ Antoni and Peter St. Onge said that during President Trump's tenure, his deregulation actually "led to marginal decreases in the cost of living which were not captured by official inflation metrics," but that trend "had fully reversed by the fourth quarter of 2022 under Biden-Harris."
“Utilizing a modified GDP deflator that includes more accurate metrics for housing, regulatory costs, and indirect costs yields a more accurate inflation measurement and therefore a more accurate valuation of real GDP,” the paper said.
Antoni and St. Onge concluded that the adjusted real GDP fell 2.5 percent from the first quarter of 2019 to the second quarter of 2024 and entered a recession in early 2022.
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2 comments:
They tell so many lies about the economy it's just all so fake and phony and then all of the truth always comes out and more will come out about all their lies everything will be revealed Revelation talks about that and it's all being revealed right now these slaves for Satan all they can do is lie cheat steal and deceive the American public when are people going to wake up to all these evil slaves for satan?
They never say about how inflation increased like 30 or 40 50% over the past 4 years overall under this illegitimate regime such a sin such a scam we have really been duped by these clowns in government today!
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