BREAKING: BIDEN ECONOMY Officially in Recession – Key Fed GDP Tracker Turns Negative

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A key Fed Indicator just turned negative indicating what TGP has warned about for months.  The US in officially in a recession. 

TGP has for months warned that the Biden economy is facing a recession.  Now it has finally landed.

BIDEN ECONOMY: Retail and Auto Sales Are Down, Layoffs Announced, A Recession is in the Works

This became a reality today.  A Fed model now shows the GDP forecast is negative.

Zerohedge confirms the bad but not surprising news.

There are some squirrelly actions in the works as well.

The S&P had its worst first half of the year since 1970.

US savings rates are at their lowest since 2008.

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Joe Hoft
Joe Hoft is a Radio Host at TNTRadio.live, Author, Former International Corporate Executive in Hong Kong for a Decade, and a Contributor at TGP since 2016. Joe is the author of five books, including his new bestseller, "The Steal: Volume II - The Impossible Occurs" which addresses the stolen 2020 Election and provides an inventory of issues that prove that the 2020 Election was uncertifiable and never should have been certified for Joe Biden.

You can email Joe Hoft here, and read more of Joe Hoft's articles here.

 

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