(NEW YORK, N.Y.) The U.S. has finanlly officially entered the recession that it has been in for the past couple of years, according to a new analysis.
Paul Rogers, an economist at JPMorgan Chase, said it’s pretty clear that with all the increases in prices for food, gas, rent, housing in general, autos, and most other ordinary things Americans consume daily — not to mention sky-high interest rates — “we’re definitely in that recession we began seeing a couple years ago.”
The news seemed to take several people off-guard.
“Wow, really? We’re in a recession? I thought Bidenomics was the answer to all of our economic woes,” Brittney Jackson said when told the news.
“Dude, you’re kidding? Really?” David James said. “I knew my paycheck wasn’t going nearly as far as it did a couple of years ago. I thought it was just me slacking off and spending too much on BS, ya know? Glad to hear it’s not me.”
Sara Smittle noted: “I thought that something was up, I just couldn’t put my finger on it. I actually began to think that not being able to afford anything other than food and water was the new normal.
“Wait. I guess it is,” she added.
