General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAre we in a Recession or a Depression?
I'm not an economist but what are the guidelines for determining our current economic status and our near future status? Does it even make a difference? Is it just a label these days? Is the tRump admin. able to dictate actual or false economic statistics?
ananda
(35,435 posts)government and nedia are in charge of the messaging.
Skittles
(172,643 posts)yes indeed
biophile
(1,532 posts)I think we are already in a recession nationally, although some areas are doing better - or worse. The actual indicators often lag because of the data collection and analysis but the gas price effect is going to show up very soon.
Individually, I am in a depression. This is all overwhelmingly sad and frustrating.
Dave Id
(319 posts)housing, utilities, food, gasoline, and the general cost of living is pretty depressing.
edhopper
(37,499 posts)So technically we are not. But job numbers are awful and inflation is hurting every one.
Also the current government numbers can't be trusted.