Tuesday, July 26, 2022

Wall Street Journal and CNBC explain 'Why a 2022 Recession Would Be Unlike Any Other'

With the likelihood of a second quarter of declining GDP being announced on Thursday, it's time to update CNBC explains 'Why Recessions May Be Inevitable' with the Wall Street Journal explaining Why a 2022 Recession Would Be Unlike Any Other.

Is the U.S. in a recession? Many economists think that’s a possibility and by some measurements, it may have already started. But why aren’t people losing their jobs?
The GDP numbers may signal a recession, but consumers and possibly even businesses aren't showing signs of it. We may end up having a "Wile E. Coyote moment" where both look down and realize they are over an abyss and then start falling, but that hasn't happened yet. If it does, then I expect it would be like the recession I predicted at the end of 2017 to happen by the end of the last decade, not the one we actually got in 2020 because of the pandemic.

That was the serious examination. As a contrast, I'm sharing CNBC Television's Jim Cramer breaks down 3 possible recession scenarios to show how to make lemonade out of lemons for fun and profit.

CNBC's Jim Cramer broke down three possible scenarios that could happen if the economy enters a recession on Thursday's episode of "Mad Money."
While this video reminds me of my complaints about CNBC viewing the economy through the lens of investing, I couldn't resist Cramer's comedy and sense of humor making investment advice and education about the economy entertaining.

I may have more about the economy, guns, or the Emmy Awards tomorrow. I may even combine two of them. To find out, stay tuned.

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