Pomona Wealth Market Comment September 2022 -The Rollercoaster Ride of 2022 Continues into Autumn
The US economy has recorded a second consecutive quarter of negative GDP and we are seeing a recurring fight between journalists and economists about the definition of what a recession means. It may well be a meaningless simplification as countries with shrinking populations are more likely to have negative GDP and this affects about 40% of the global economy currently. It says nothing about whether growth is normalizing, whether there is spare capacity and what consumers are
