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069: Definition of Recession

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Manage episode 345621845 series 3410244
Content provided by Theonomoney. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Theonomoney or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

This week on the podcast, Jeremy looks at a historic marker and definition of recession, then compares that to how it is being defined today, conveniently at a time when the traditional way of understanding recessions would put the United States in one under the Biden Administration.

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Sources:

https://www.whitehouse.gov/cea/written-materials/2022/07/21/how-do-economists-determine-whether-the-economy-is-in-a-recession/

https://www.bea.gov/data/gdp/gross-domestic-product

https://www.bea.gov/resources/learning-center/what-to-know-gdp

https://www.bea.gov/help/glossary/gross-national-product-gnp

https://www.thebalancemoney.com/unemployment-rate-by-year-3305506

https://www.investopedia.com/ask/answers/030515/real-gdp-better-index-economic-performance-gdp.asp

https://nypost.com/2022/07/25/biden-plays-orwell-tries-to-redefine-what-recession-means/

  continue reading

121 episodes

Artwork
iconShare
 
Manage episode 345621845 series 3410244
Content provided by Theonomoney. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Theonomoney or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

This week on the podcast, Jeremy looks at a historic marker and definition of recession, then compares that to how it is being defined today, conveniently at a time when the traditional way of understanding recessions would put the United States in one under the Biden Administration.

Subscribe on your favorite podcast catcher, tell your friends about Theonomoney, and follow Theonomoney on Facebook, Twitter, Instagram, and Gab.

Check out great Theonomic shirts and hoodies here: https://www.bonfire.com/store/theonomoney/

Sources:

https://www.whitehouse.gov/cea/written-materials/2022/07/21/how-do-economists-determine-whether-the-economy-is-in-a-recession/

https://www.bea.gov/data/gdp/gross-domestic-product

https://www.bea.gov/resources/learning-center/what-to-know-gdp

https://www.bea.gov/help/glossary/gross-national-product-gnp

https://www.thebalancemoney.com/unemployment-rate-by-year-3305506

https://www.investopedia.com/ask/answers/030515/real-gdp-better-index-economic-performance-gdp.asp

https://nypost.com/2022/07/25/biden-plays-orwell-tries-to-redefine-what-recession-means/

  continue reading

121 episodes

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