Folks, I’m going to go ahead and call it, even though no one else seems to be willing to do so. We’re officially in a recession.
The National Bureau of Economic Research defines a recession as:
A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
Let’s take a look at some of the leading indicators, shall we?
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