2. It's 50/50 at this point that a recession will happen
I don't know how anyone who doesn't have the ability to predict the future can make such a claim. It all depends on incoming data which leads me to suspect this guy is just a GOP cheerleader.
Depending on your "class in life" or where you live, you're in a recession already. It's just a matter of expanding the economic situation of many cities (especially midwest/factory cities)nation wide.
I don't doubt that people are already suffering bad right now. I'm just going by the "official" definition of a recession, which is consecutive quarters of negative growth.
Not a great nor illuminating definition but it's the best way to go about it statistically.
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