spin_dry Posted October 19, 2020 Share Posted October 19, 2020 https://www.cnn.com/2020/10/18/economy/china-q3-gdp-intl-hnk/index.html Quote Link to comment Share on other sites More sharing options...
f7ben Posted October 19, 2020 Share Posted October 19, 2020 It’s been widely accepted that anything less than 6% is contraction. Quote Link to comment Share on other sites More sharing options...
frenchy Posted October 19, 2020 Share Posted October 19, 2020 1 hour ago, f7ben said: It’s been widely accepted that anything less than 6% is contraction. for China. Absolutely. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted October 19, 2020 Platinum Contributing Member Share Posted October 19, 2020 People love them some China. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 19, 2020 Share Posted October 19, 2020 Its actually pretty good TBH. See its all relative. Quote Link to comment Share on other sites More sharing options...
Snake Posted October 19, 2020 Share Posted October 19, 2020 What will our 3rd Q be like? Guesses? Quote Link to comment Share on other sites More sharing options...
f7ben Posted October 19, 2020 Share Posted October 19, 2020 19 minutes ago, Snake said: What will our 3rd Q be like? Guesses? Take out stimulus and quantify it YoY and it’s probably -30% or worse. The economy is completely fucked Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted October 19, 2020 Share Posted October 19, 2020 12 minutes ago, f7ben said: Take out stimulus and quantify it YoY and it’s probably -30% or worse. The economy is completely fucked stimulus in this case was needed, too bad we were already acting like it was needed for years prior to this. Quote Link to comment Share on other sites More sharing options...
Anler Posted October 19, 2020 Share Posted October 19, 2020 34 minutes ago, Angry ginger said: stimulus in this case was needed, too bad we were already acting like it was needed for years prior to this. Our debt based economy is a house of cards. And this virus is shaking the fuck out of the table. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted October 19, 2020 Author Share Posted October 19, 2020 3 hours ago, Angry ginger said: stimulus in this case was needed, too bad we were already acting like it was needed for years prior to this. The economy was supposedly red hot before Covid. How was it the country was also experiencing accelerating deficits at the same time? Could it be that the red hot economy was purely debt based with no real, sustainable growth? Hmmm.... Quote Link to comment Share on other sites More sharing options...
frenchy Posted October 19, 2020 Share Posted October 19, 2020 7 minutes ago, spin_dry said: The economy was supposedly red hot before Covid. How was it the country was also experiencing accelerating deficits at the same time? Could it be that the red hot economy was purely debt based with no real, sustainable growth? Hmmm.... remember when the fun boys lost their shit over Obama's comment regarding 2% growth being the new normal? 1 Quote Link to comment Share on other sites More sharing options...
1jkw Posted October 19, 2020 Share Posted October 19, 2020 2 minutes ago, frenchy said: remember when the fun boys lost their shit over Obama's comment regarding 2% growth being the new normal? Yes. And prior to the pandemic, despite record debt, and near doubling the deficit, regulation cuts, and record low UE the 4th quarter GDP was 2.1% I guess minimum wage jobs don't bring the GDP up much. 1 Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted October 19, 2020 Share Posted October 19, 2020 36 minutes ago, frenchy said: remember when the fun boys lost their shit over Obama's comment regarding 2% growth being the new normal? well Trump delivered better than that through purely natural growth of the economy SBYL Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted October 19, 2020 Share Posted October 19, 2020 Where is the oracle of Ellington to tell us about how great trumps economy is. The stohnk market dontcha know. Quote Link to comment Share on other sites More sharing options...
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