Are we in a recession? Yes — if you live in one of these 22 states.

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Title : Are we in a recession? Yes — if you live in one of these 22 states.
Link : Are we in a recession? Yes — if you live in one of these 22 states.

The U.S. economy is very close to falling into a damaging contraction — and many states are already experiencing a recession, according to Mark Zandi, chief economist at Moody’s Analytics. Zandi estimates that 22 states plus the District of Columbia are now experiencing persistent economic weakness and job losses that are likely to continue. Another 13 states are treading water, he noted.

The overall picture is one of a weak U.S. economy that is vulnerable to being pushed into a ditch by a strong wind. “The economy is still not in recession, but the risks are very high. We’re on the precipice,” Zandi said in an interview with MarketWatch.

California and New York are among the states that are treading water. If either of those falters, it would tip the economy into recession, Zandi said. A separate forecast by UCLA Anderson School of Management released this week stated that a recession in California is now plausible. According to Zandi, the cause of the weakness is economic policy. (Ed note: They are blaming California's horrible financial state on Trumps Tariff policy? Crazy! This article was posted to show the economic climate of the US, and how, if the US collapses, it will be blamed on Trump.) (Read More)