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Morning Joe 7/29/22

Morning Joe

00:00

What's Going on in the US Economy?

For the last year i two thousand 21, we had very significant growth. We actually had five point seven % growth. And then you can see the red line dip below zero. Those are our two quarters of negative growth. G d p i e, not a contraction. I do think there is still a very substantial chance, probably more than 50 %, we have some kind of recession on some point to get inflation under control. But it is not where we are today.

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