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Feb 14, 2024 · 1. The pre-Covid boom. The American economy has been disappointing for much of the past half-century. Income and wealth growth has been slow for most families, and inequality has soared....
Jan 30, 2023 · Dollar’s collapse. Possibly the most serious consequence would be the collapse of the U.S. dollar and its replacement as global trade’s “ unit of account .” That essentially means that it is...
- Michael Humphries
5 days ago · Advertisement. Between 1990 and 2023, the US economy spent 36 months in a recession, with the most recent US recession in 2020 lasting two months. The NBER defines a recession as the period ...
The United States is now facing the familiar precursors of a recession, including rising interest rates on the back of high inflation. The Federal Reserve is taking action, and its decisions will be critical to the length and severity of any recession.
Jan 24, 2023 · Angela Weiss/AFP via Getty Images. Slowcession? Richcession? Or just recession? Whether in the supermarket aisle, or the corporate suite, a lot of people are expecting a recession – even if there's...
Jan 25, 2024 · The U.S. economy continues to defy expectations. The nation's gross domestic product — the broadest measure of economic activity — grew at an annual pace of 3.3% in October, November, and...
5 days ago · The economic pessimism of the last few years has often been rooted in a misreading of the U.S. consumer. ... and its collapse has been delayed, not averted. Consumption is also still distorted by ...