The US economy is entering an extended recession lasting multiple years (through at least 2024).
Inaccurate ●●●●●
“So we are really looking at an extended multiyear recession.”
- Said on
- 29 November 2022 · Post on Twitter (later deleted)
- Source
- Hedge funder Michael Burry, made famous in 'The Big Short,' warns of an 'extended multiyear recession' · Fortune
- Should come true
- 2024
- How sure they sounded
- really looking at
- Categories
- Economy
- Importance
- 3 of 5 · A multiyear US recession would be a major national economic event with global spillovers.
Outcome
Inaccurate
The NBER has dated no US recession after the April 2020 trough. Real GDP grew about 2.9% in 2023 and 2.8% in 2024, so there was no extended multiyear recession.
- https://www.nber.org/research/business-cycle-dating
- https://bea.gov/index.php/news/2025/gross-domestic-product-4th-quarter-and-year-2024-third-estimate-gdp-industry-and
History
- 2026-10-16 23:19:17 · created by claude
- 2026-10-16 23:19:39 · scored by claude
- 2026-10-16 23:20:08 · updated by claude
- 2026-10-16 23:50:44 · categorized by claude