SHI 7.30.22 — Oops!… I Did It Again

SHI 7.27.22 — So? Which Is It?
July 27, 2022

 

Come on:   How often does an economic and financial blog get to quote Britney Spears?

 

Precisely.  Never. Well, maybe just this once.

What I “did again” is fail to let you know that I’m off on vacation yet again!  In fact, I’m sorry to say you shouldn’t expect to see an SHI until August 17th.  🙁

By the way, did you happen to catch that GDP number, released early Thusday AM?   If you did, you saw that while the real GDP number declined slightly in Q2 — which means we’ve now had 2 consecutive quarterly GDP contractions.   However …

 

Currentdollar GDP increased 7.8 percent at an annual rate, or $465.1 billion, in the second quarter to a level of $24.85 trillion.

 

So, last quarter real GDP fell slightly … and nominal GDP increased substantially.   Are we in a recession?   It all depends on who you ask.

And if you ask me, or Britney, we’ll both say no!   Emphatically!

<:>  Terry Liebman

 

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