23: 2022 Recession Recap: Falling GDP, High Inflation, & More Uncertainty Ahead

The US economy has seen a couple of recessions over the past two decades. The most brutal one being the great recession, which remains an anomalous event. Fast forward twelve or so years, and we entered into the 2020 recession, one of the fastest recessions ever recorded that resulted in a massive run-up of stock, crypto, and real estate prices. Now, as a recession looms on the horizon, Americans are struggling to figure out whether or not we’re about to hit a short-term speed bump or a long-term depression.So many different economists, newscasters, and financial bloggers love to debate whether or not we’re truly in a recession. By definition, we should be, but the experts are slowly taking their time, trying to calculate the true impact of this latest economic cycle we’ve entered. But does being in a recession really matter? Yes, recessions affect almost every aspect of financial life. Labor slows down, consumer prices go up while asset prices drop, and it’s harder to make economic progress. But, is that what we’re experiencing in 2022, or is the term “recession” just propping up fabricated fear that matters far less than we think?In this bonus episode of On The Market, Dave gives his insight into whether or not the US economy has entered a recession, how this affects real estate investors, and why experts can’t agree on a definition. If you’re actively investing, Dave gives some good advice on how to keep your head screwed on straight while every news outlet plays chicken little.In This Episode We CoverWhy experts can’t agree on whether or not we’ve entered a recessionGDP decline and how inflation has outpaced our growth as an economyHow past recessions compare to what we’re going through today and what we can learn from themMortgage and interest rates and how a further economic decline could affect investorsThe three most important metrics to watch as a recession becomes more likelyThe key performance indicators that show economic growth, not declineAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets AgentJoin BiggerPockets for FREEOn The MarketJoin the Future of Real Estate Investing with FundriseConnect with Other Investors in the “On The Market” ForumsSubscribe to The “On The Market” YouTube ChannelFind an Investor Friendly Agent in Your AreaDave’s BiggerPockets ProfileDave’s InstagramOn The Market 14 with Logan MohtashamiOn The Market 17 with Rick ShargaOur Recent Panel Discussion on Home PricesU.S. GDP Shrinks By 0.9%—White House and Experts Push Back On Recession ClaimsCheck the full show notes here: https://www.biggerpockets.com/blog/on-the-market-23Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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