The *horror* staring us right in the face. We're about 0.6% less prosperous than we were 6 months ago.
"Gross domestic product fell by 0.2 percent in the second quarter, after
a 0.4 percent decline in the first, fueling fears that a recession may
have already begun."
"Most economists still don’t think the economy meets the formal
definition of a recession, which is based on a broader set of indicators including measures of income, spending and employment. The G.D.P. data
itself will also be revised several times in the months ahead."
https://www.nytimes.com/live/2022/07/28/business/gdp-inflation-news
Yeah, this boogieman is HUGE.
TB
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