America may be about to enter or could currently be in the midst of a “rolling recession” rather than a full-blown economic downturn or a soft landing, according to experts.
Nick Reece, vice president of macro research and investment strategy at Merk Investments and a member of the Portfolio Management Group, took to Twitter earlier in January where he stated that it is possible that the United States is already in a rolling recession.
His comment comes as U.S. employment is at its lowest level since 1969, and real GDP, which assesses base-year prices, increased 2.1 percent overall in 2022. However, inflation still remains high at 6.5 percent, leaving many households feeling stretched when it comes to paying for everyday essentials….