Define a recession. Today on Insight, John Rosenstern discusses the Federal Chairman of the Reserve Bank’s statements to Americans over whether the United States is in a recession; despite some confusion, over the definition, Brother John says we are obviously in a recession. We have had two consecutive quarters of decline of the gross domestic product. We see the rise in interest rates has slowed down the demand of goods and services, which has been going on since the beginning of the pandemic more than two years ago. People have less money because of higher prices, and the cost of living is higher than the suggested .9-percent decline that is being reported.
Up Next in 2022
-
Insight - July 27th, 2022
Today on Insight, John and Josh Rosenstern discuss the CHIPS Act that has passed through the Senate, which addresses the chip shortage and the premise behind it. It’s not law yet; but this bill is being introduced for debate and then there will be a vote to invoke moving it from initial debate t...
-
Insight - July 26th, 2022
Today on Insight, Josh Rosenstern discusses a growing concern in America’s public school system, looking at a situation in the state of Maryland that is affecting grades kindergarten through twelve. Brother Josh says there is an agenda in our public schools specifically targeting race and lifes...
-
Insight - July 25th, 2022
Today on Insight, Josh Rosenstern discusses the importance of this week economically regarding the U.S. Economy as we are all feeling the effects of inflation. The Federal Reserve Board will be meeting this Wednesday on the future of raising interest rates. Looking at a dual mandate, given by C...
