Talk of The Villages Florida - View Single Post - Feelings on pending recession?
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Old 08-17-2019, 07:02 AM
collie1228 collie1228 is offline
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There is way too much recession hysteria going on, fueled by an out of control media. A recession is defined as two consecutive quarters of negative GDP, and we are nowhere near that condition. First Quarter US GDP grew by 3.1 percent and Second Quarter GDP grew by 2.1 percent. While the trend is down, it's nowhere near recession levels and everyone should just calm down. The Oracle of Omaha just bought some more Amazon stock . . . .