As mentioned here in our prior post, of the R Word…
A recession is defined by two consecutive negative quarter GDP prints…
This week we are half way there…
BEA Releases Negative Q 1 2022
In this BEA Release Here (Bureau of Economic Analysis) their ADVANCED estimate (it will be revised) came in at -1.4%
That gets us softly (thankfully) half way to the R Word! Hang tight, it likely will get rougher before calmer!
It’s a Friday and this is a bit heavy for the day, but wanted to get it out there for you to see….
Hey kept is short though…
Enjoy your Friday and your Weekend!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth