Inflation and 3.5% unemployment equal recession, explained

August 5, 2022 - NO Soundbites Allowed - Adding to the confusion of the definition of a recession is the latest unemployment numbers, matching the low of the Trump Administration. But unlike 2019, inflation is reaching double digits globally as key nations start to warn of a long deep recession if not depression. We try to clarify how this is happening and how if will affect you.

Sources:

https://www.forbes.com/advisor/investing/what-is-a-recession/
https://www.cnbc.com/2022/07/29/white-house-goes-on-offense-to-argue-that-the-us-is-not-in-a-recession-.html
https://www.bloomberg.com/news/articles/2022-07-30/midterm-misery-for-biden-as-key-economy-gauge-flags-30-seat-loss
https://nypost.com/2022/08/01/economist-slams-facebook-for-fact-checking-recession-post/
https://youtu.be/TXKXqgqwuG0
https://youtu.be/UXtdekLMfvI
https://www.euronews.com/my-europe/2022/08/04/inflation-in-netherlands-above-10-for-first-time-in-nearly-47-years
https://www.cnn.com/2022/04/26/economy/inflation-recession-economy-deutsche-bank/index.html
https://www.bloomberg.com/news/articles/2022-07-14/german-economy-is-moving-into-recession-deutsche-bank-says#xj4y7vzkg
https://www.theguardian.com/business/2022/aug/03/inflation-will-soar-to-astronomical-levels-over-next-year-thinktank-warns
https://www.bbc.com/news/business-62405037
https://www.politico.com/news/2022/08/04/dems-agenda-energy-climate-bill-00049875
https://www.bls.gov/news.release/cpi.nr0.htm
https://www.bls.gov/news.release/empsit.a.htm
https://fred.stlouisfed.org/series/LNS12027714
https://fred.stlouisfed.org/series/CIVPART
https://fred.stlouisfed.org/series/EMRATIO

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