On the menu today: In a week full of big economic-news releases, on Thursday morning, the U.S. will learn if we’ve experienced two consecutive quarters of the GDP shrinking — the traditional definition of a recession. Treasury secretary Janet Yellin and other Biden officials are already arguing that we’re not in a recession — which seems like a clear hint that they expect Thursday’s numbers to be ugly. But to the average American, “recession” is a synonym for “economic hard times” — and with inflation at 9.1 percent, lots of Americans feel squeezed.

Welcome to ‘It’s Not a Recession, We Swear!’ Week

Politico’s Ben White characterizes this week as a “Category 5 economic storm,” but I think the dominant theme will be, “It’s not a recession, we swear!”

As much as economy-watchers will be studying the Consumer Confidence ...

Morning-Jolt.png
WITH JIM GERAGHTY July 25 2022
Morning-Jolt-center.png
WITH JIM GERAGHTY July 25 2022
hero

Biden Team Goes into Recession Denial

On the menu today: In a week full of big economic-news releases, on Thursday morning, the U.S. will learn if we’ve experienced two consecutive quarters of the GDP shrinking — the traditional definition of a recession. Treasury secretary Janet Yellin and other Biden officials are already arguing that we’re not in a recession — which seems like a clear hint that they expect Thursday’s numbers to be ugly. But to the average American, “recession” is a synonym for “economic hard times” — and with inflation at 9.1 percent, lots of Americans feel squeezed.

Welcome to ‘It’s Not a Recession, We Swear!’ Week

Politico’s Ben White characterizes this week as a “Category 5 economic storm,” but I think the dominant theme will be, “It’s not a recession, we swear!”

As much as economy-watchers will be studying the Consumer Confidence ...   READ MORE

spacer

ADVERTISEMENT

Trending on National Review

1. Dobbs and Its Critics

2. The SEC’s Proposed Rule on Climate-Change Disclosures: A Material Fail

3. Use or Be Used — Abortion Hurts Women and Girls

Top Stories

Fred Bauer

Trump in 2024 Is No Sure Bet

Republican voters looking for a populist set of policies in 2024 could have options other than another season of ...

The Editors

Semiconductor Bill Leaves U.S. at Disadvantage against China

The current CHIPS legislation isn’t really a counter-Chinese Communist Party package, and the GOP might stand a ...

NEWS

Trump Wins Turning Point 2024 Straw Poll by Nearly 50 Points

Seventy-eight percent of the youth activists polled said they would vote for Trump.

NEWS

Guilty until Proven Innocent: Biden Title IX Changes Mean Return to ‘Dark Ages’ for Falsely...

Biden is rolling back the due-process protections that might have helped Ben Feibleman avoid being railroaded by ...

ADVERTISEMENT

App_FB_and_Newsletter_Ad_nonmem.png

PODCASTS

PHOTOS

VIDEO

NRPLUS ARTICLES

ADVERTISEMENT

CapitalRecordAd-final1_BLUE_NONMEM.jpg

ADVERTISEMENT

 

 
 
 
 
Learn more about RevenueStripe...
national review

Follow Us & Share

19 West 44th Street, Suite 1701, New York, NY, 10036, USA
Your Preferences | Unsubscribe | Privacy
View this e-mail in your browser.