New Recession Indicator Shows Americans Worse Off Than We Thought
The United States is on the brink of a recession, according to major multinational bank UBS. Meanwhile, America’s largest bank, JPMorgan Chase, says recession risk is only at 40%. Who’s right? Who’s wrong? We’re using a new recession indicator in this episode to reveal America’s real risk of sliding into another downturn.
If it feels like your dollar doesn’t go as far as it used to and your salary is barely keeping up—you’re not imagining it.
But according to official sources, America has only been in a recession for three months since the Great Financial Crisis. That can’t be right when it’s…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.