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Reply to "will interest dropped next year or 2024?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]you have no idea when "the recession will start". some say we're already in it, some say it may not happen. It's not like recessions have a start and stop date on them.[/quote] if we have another negative GDP we will be officially in a recession[/quote] Two negative quarters is a guideline, but it isn't actually the official measure. There is a board that decides whether the bulk of the economic data supports the concept of a recession. There are some that think that GDI is a better measure at times than GDP, and that was positive in Q1. The Atlanta Fed GDP now for Q2 is currently 0.0. If the first two quarters are -1.5 and, say, -0.2, that doesn't guarantee that a recession is called. This is all clearly just an academic exercise, though.[/quote]
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