Are We Technically in a Recession Now?

This week, Matt, John, and Isaac discuss the recent GDP Q2 data, debating whether or not the United States has officially entered a recession. They also discuss whether rates should be cut and John predicts a rate cut may happen in June. 

A few of the highlights include:

• The United States GDP is negative from the first quarter, which is the first time since 2022. If this trend continues another quarter, it is classified as a recession.
• A lot of commercial real estate loans operate on 5-7 year terms (instead of a typical mortgage of 15 or 30 years) which means a lot of those terms could be renewing soon under these new rates (no longer the very low 2020 ones) which could have a big impact. In general, rates are high and impacting businesses and individuals.
• Rates may be high but they also feel high because of the lengthy period of time when they were extremely low.
• Warren Buffet is retiring and Berkshire Hathaway unlike any other stock

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