On the menu today: Remember how, at the end of July, President Biden and his team insisted that two consecutive quarters of shrinking GDP didn't mean the country was in a recession? Well, companies big and small are announcing layoffs more frequently these days, indicating that we're in a period of not-so-subtle belt-tightening. Meanwhile, the projections for energy costs ahead of this coming winter are increasingly ominous, the decline in unleaded-gasoline prices has stopped, and a long-simmering national housing shortage may be catching up with us. But hey, apparently Biden intends to tout his economic record as the midterm elections approach.
The Quiet Recession
About two weeks ago, a smart friend of mine who works on supply-chain issues observed that, "Based on what I'm hearing throughout all the industries that I work with, this month's job report might be brutal. People are getting skinny everywhere they can, so that they don't lose their [butts]. Unfortunately, that means huge groups of people getting fired." ("Getting skinny" means cutting operating costs.)
And, like everything else, once you start looking for something, you start ...
 | | | | | WITH JIM GERAGHTY September 26 2022 | |  | | WITH JIM GERAGHTY September 26 2022 | | |  | | On the menu today: Remember how, at the end of July, President Biden and his team insisted that two consecutive quarters of shrinking GDP didn't mean the country was in a recession? Well, companies big and small are announcing layoffs more frequently these days, indicating that we're in a period of not-so-subtle belt-tightening. Meanwhile, the projections for energy costs ahead of this coming winter are increasingly ominous, the decline in unleaded-gasoline prices has stopped, and a long-simmering national housing shortage may be catching up with us. But hey, apparently Biden intends to tout his economic record as the midterm elections approach. The Quiet Recession About two weeks ago, a smart friend of mine who works on supply-chain issues observed that, "Based on what I'm hearing throughout all the industries that I work with, this month's job report might be brutal. People are getting skinny everywhere they can, so that they don't lose their [butts]. Unfortunately, that means huge groups of people getting fired." ("Getting skinny" means cutting operating costs.) And, like everything else, once you start looking for something, you start ... READ MORE | | | | |
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Episode 423: Murder of an Elvis... 
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