Secretary of the Treasury says no sign of Recession in US economy despite ridiculous inflation

Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’

Important Takeaways:

  • Really, Janet? Treasury secretary Yellen says she sees NO signs of a recession in US economy – despite two previous periods of negative growth, falling stock and housing markets and soaring inflation
  • Treasury Secretary Janet Yellen said she does not believe a recession is looming despite two first-quarter declines to open 2022
  • Gross domestic product (GDP) fell 1.6 percent in the first quarter before falling an additional 0.6 percent the following quarter
  • Yellen: ‘Inflation is very high – it’s unacceptably high and Americans feel that every day’
  • GDP rose by 2.6 percent in the third quarter – though economists say they ‘don’t expect this growth to continue this year or early next’

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