By Yellen's Own Definition, We’re Back in Recession

Last month, the Department of Commerce released troubling data on the anemic economy, showing that gross domestic income (GDI) shrank in the previous six months. That’s no surprise to half of Americans who believe we’re currently in a recession, but the data refute President Joe Biden’s claim that the economy is “strong as hell.” And according to Treasury Secretary Janet Yellen’s own words from last year, the economy is back in recession. Read Full Article »