I see articles like this every day now. These are huge red flags that we are very late in this business cycle.

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We have fully realized the vision where GDP grows and bottom half gets none of it. Not technically a recession.

Most Americans falsely think the U.S. is in recession

  • According to a new Guardian/Harris poll, 56% of respondents said they believe the U.S. is in a recession.
  • A recession is an extended period of economic decline, usually designated when the gross domestic product has declined for two or more consecutive fiscal quarters.
  • The Guardian/Harris poll comes less than six months before the November election, in which President Joe Biden will face former President Donald Trump.
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More than half of Americans think the United States is in an economic recession, although gross domestic product has been increasing for the past several years.

According to a new Guardian/Harris poll, 56% of respondents said they believe the U.S. is in a recession and 58% say that President Joe Biden is responsible for what they see as an economic downturn.

A recession is an extended period of economic decline, usually designated when GDP has declined for two or more consecutive fiscal quarters.

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Under those terms, the U.S. is definitively not in a recession.

GDP grew by 1.6% in the first quarter of 2024. Granted, that is a decelerated rate from the 3.3% growth of the fourth quarter of 2023, but it is not recessionary. U.S. GDP growth has been outpacing that of other developed nations.

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