U.S. In Technical Recession, Yellen Claims We’re Fine

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What are the main reasons why Janet Yellen believes signs of recession don’t exist?

Devlyn SteeleBullion.Directory precious metals analysis 05 August, 2022
By Devlyn Steele

Director of Education at Augusta Precious Metals

Gasoline prices have been dropping. As they do, some are suggesting the worst of inflation is behind us. Could June’s 9.1% headline inflation rate represent peak inflation?
 

 
There’s been no shortage of concerning economic data for many months. And now we just learned the economy contracted for a second quarter in a row, putting the country in a “technical” recession.

Despite all of this recession “smoke,” Janet Yellen says there is no recession “fire.” In fact, Yellen says she sees no signs of recession at all. In this week’s Touchpoint video, Augusta’s director of education Devlyn Steele addresses the Treasury secretary’s claims that recession isn’t even in sight.
 
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Devlyn Steelebullion.directory author Devlyn Steele

Devlyn Steele is Director of Education at Augusta Precious Metals, America’s leading gold IRA specialists and go-to precious metals dealer for high-net-worth investors.

A Harvard educated professional economist, Devlyn writes and speaks extensively on precious metals’ use as a portfolio diversification tool and market hedge. He and his team provide a unique personalized introduction and onboarding webinar for new investors at Wyoming-based national gold and silver dealer Augusta Precious Metals.

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