OPINION: More layoffs. A cooling housing market. What will it take for the administration to change strategy?
The White House says a recession can’t be defined solely by two consecutive quarters of negative growth.
Cow Guy Close host Scott Shellady says it is the standard definition economists have always used, and this signals the administration will not change course. He invited Mitch Roschelle, founding partner of Macro Trends Advisors, and Dan Geltrude, America’s Accountant, to weigh in on red hot inflation, a chilling housing market, and increasing workforce layoffs.