That means, on Thursday, if data shows the U.S. GDP has shrunk for the second consecutive quarter, we may not officially be in a recession. In a way, this could be a good thing. In these “narrative-driven” times, (the same trend that gave the world meme stocks and dog tokens), beliefs about the economy matter. And a single word could have an outsized impact.
What DAO Governance Has in Common With the ‘Eggheads’ Who Call a Recession
