As expected, we learned this week the U.S. economy shrunk in the second financial quarter, marking consecutive quarters of negative growth in gross domestic product, or GDP, which has been the traditional definition of a recession.

But the Biden administration spent the week refusing to use that word, instead pointing strong jobs numbers and a low unemployment rate.

For more on the overall financial picture, we're joined by financial analyst and adviser George Conboy of Brighton Securities in the Rochester area.