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US Government Redefines Recession to Avoid a Recession

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by COINS NEWS 207 Views

"The US government redefined the conventional meaning of a recession. A blog post by whitehouse.gov said an economic recession could no longer be defined by two successive quarters of falling real growth, as is currently widely accepted. The blog reads, “it is unlikely that the decline in GDP in the first quarter of this year—even if followed by another GDP decline in the second quarter—indicates a recession.”

From Kraken intelligence


i just can't beleive how stupid this game is. "we're in deep shit so we change the depth calculation". They pulled the same trick with inflation.


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