{"id":32898,"date":"2022-09-15T15:59:27","date_gmt":"2022-09-15T22:59:27","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=32898"},"modified":"2022-09-16T19:12:27","modified_gmt":"2022-09-17T02:12:27","slug":"underneath-the-surface-recession-or-depression","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/underneath-the-surface-recession-or-depression\/","title":{"rendered":"Underneath the Surface: Recession or DEPRESSION?"},"content":{"rendered":"<p>Did you see the CPI print on Tuesday? Let me tell you, your price at the pumps may be going down. That helps people feel better. But there is so much going on underneath the surface.<\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide1-4.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-32909\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide1-4-1024x768.jpg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide1-4-1024x768.jpg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide1-4-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide1-4-768x576.jpg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide1-4-1536x1152.jpg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide1-4-624x468.jpg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide1-4.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide2-3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-32901\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide2-3-1024x768.jpg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide2-3-1024x768.jpg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide2-3-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide2-3-768x576.jpg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide2-3-1536x1152.jpg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide2-3-624x468.jpg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide2-3.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide3-3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-32902\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide3-3-1024x768.jpg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide3-3-1024x768.jpg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide3-3-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide3-3-768x576.jpg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide3-3-1536x1152.jpg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide3-3-624x468.jpg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide3-3.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide4-3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-32903\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide4-3-1024x768.jpg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide4-3-1024x768.jpg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide4-3-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide4-3-768x576.jpg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide4-3-1536x1152.jpg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide4-3-624x468.jpg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide4-3.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide5-3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-32904\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide5-3-1024x768.jpg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide5-3-1024x768.jpg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide5-3-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide5-3-768x576.jpg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide5-3-1536x1152.jpg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide5-3-624x468.jpg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide5-3.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide6-3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-32905\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide6-3-1024x768.jpg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide6-3-1024x768.jpg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide6-3-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide6-3-768x576.jpg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide6-3-1536x1152.jpg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide6-3-624x468.jpg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide6-3.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide7-3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-32906\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide7-3-1024x768.jpg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide7-3-1024x768.jpg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide7-3-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide7-3-768x576.jpg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide7-3-1536x1152.jpg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide7-3-624x468.jpg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide7-3.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide8-3.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-32907\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide8-3-1024x768.png\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide8-3-1024x768.png 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide8-3-300x225.png 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide8-3-768x576.png 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide8-3-1536x1152.png 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide8-3-624x468.png 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide8-3.png 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide9-3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-32908\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide9-3-1024x768.jpg\" alt=\"\" width=\"625\" height=\"469\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide9-3-1024x768.jpg 1024w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide9-3-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide9-3-768x576.jpg 768w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide9-3-1536x1152.jpg 1536w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide9-3-624x468.jpg 624w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2022\/09\/Slide9-3.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><strong>SOURCES:<\/strong><br \/>\n<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-08-30\/fed-s-soft-landing-hinges-on-job-market-doing-something-strange?cmpid=BBD090222_BIZ&amp;utm_medium=email&amp;utm_source=newsletter&amp;utm_term=220902&amp;utm_campaign=bloombergdaily&amp;sref=rWFqAg1Y\" target=\"_blank\" rel=\"noopener\">https:\/\/www.bloomberg.com\/news\/articles\/2022-08-30\/fed-s-soft-landing-hinges-on-job-market-doing-something-strange?cmpid=BBD090222_BIZ&amp;utm_medium=email&amp;utm_source=newsletter&amp;utm_term=220902&amp;utm_campaign=bloombergdaily&amp;sref=rWFqAg1Y<\/a><\/p>\n<p><a href=\"https:\/\/fred.stlouisfed.org\/series\/CIVPART\" target=\"_blank\" rel=\"noopener\">https:\/\/fred.stlouisfed.org\/series\/CIVPART<\/a><\/p>\n<p><a href=\"https:\/\/fred.stlouisfed.org\/series\/LNS11300060\" target=\"_blank\" rel=\"noopener\">https:\/\/fred.stlouisfed.org\/series\/LNS11300060<\/a><\/p>\n<p><a href=\"https:\/\/fred.stlouisfed.org\/series\/LNS11324230\" target=\"_blank\" rel=\"noopener\">https:\/\/fred.stlouisfed.org\/series\/LNS11324230<\/a><\/p>\n<p><a href=\"https:\/\/www.epi.org\/blog\/growing-inequalities-reflecting-growing-employer-power-have-generated-a-productivity-pay-gap-since-1979-productivity-has-grown-3-5-times-as-much-as-pay-for-the-typical-worker\/?utm_source=Economic+Policy+Institute&amp;utm_campaign=9aca611af2-EMAIL_CAMPAIGN_08_12_2022_COPY_01&amp;utm_medium=email&amp;utm_term=0_e7c5826c50-9aca611af2-59454413&amp;mc_cid=9aca611af2&amp;mc_eid=48bd4e9680\" target=\"_blank\" rel=\"noopener\">https:\/\/www.epi.org\/blog\/growing-inequalities-reflecting-growing-employer-power-have-generated-a-productivity-pay-gap-since-1979-productivity-has-grown-3-5-times-as-much-as-pay-for-the-typical-worker\/?utm_source=Economic+Policy+Institute&amp;utm_campaign=9aca611af2-EMAIL_CAMPAIGN_08_12_2022_COPY_01&amp;utm_medium=email&amp;utm_term=0_e7c5826c50-9aca611af2-59454413&amp;mc_cid=9aca611af2&amp;mc_eid=48bd4e9680<\/a><\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-09-08\/fed-inflation-battle-to-spur-greater-economic-harm-than-realized?cmpid=BBD091022_WKND&amp;utm_medium=email&amp;utm_source=newsletter&amp;utm_term=220910&amp;utm_campaign=weekendreading&amp;sref=rWFqAg1Y\" target=\"_blank\" rel=\"noopener\">https:\/\/www.bloomberg.com\/news\/articles\/2022-09-08\/fed-inflation-battle-to-spur-greater-economic-harm-than-realized?cmpid=BBD091022_WKND&amp;utm_medium=email&amp;utm_source=newsletter&amp;utm_term=220910&amp;utm_campaign=weekendreading&amp;sref=rWFqAg1Y<\/a><\/p>\n<p><a href=\"https:\/\/www.brookings.edu\/bpea-articles\/understanding-u-s-inflation-during-the-covid-era\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.brookings.edu\/bpea-articles\/understanding-u-s-inflation-during-the-covid-era\/<\/a><\/p>\n<p><a href=\"https:\/\/www.brookings.edu\/bpea-articles\/the-global-dollar-cycle\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.brookings.edu\/bpea-articles\/the-global-dollar-cycle\/<\/a><\/p>\n<p><a href=\"https:\/\/www.naturalnews.com\/2022-09-01-recession-depression-americans-loans-buy-groceries.html\" target=\"_blank\" rel=\"noopener\">https:\/\/www.naturalnews.com\/2022-09-01-recession-depression-americans-loans-buy-groceries.html<\/a><\/p>\n<p><a href=\"https:\/\/www.bankrate.com\/loans\/personal-loans\/buy-now-pay-later-statistics\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.bankrate.com\/loans\/personal-loans\/buy-now-pay-later-statistics\/<\/a><\/p>\n<p><a href=\"https:\/\/www.gold.org\/goldhub\/research\/gold-demand-trends\/gold-demand-trends-q2-2022\/investment\" target=\"_blank\" rel=\"noopener\">https:\/\/www.gold.org\/goldhub\/research\/gold-demand-trends\/gold-demand-trends-q2-2022\/investment<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Did you see the CPI print on Tuesday? Let me tell you, your price at the pumps may be going down. [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":32899,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1207],"tags":[],"class_list":["post-32898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/32898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=32898"}],"version-history":[{"count":2,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/32898\/revisions"}],"predecessor-version":[{"id":32911,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/32898\/revisions\/32911"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media\/32899"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=32898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=32898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=32898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}