Pete Posted July 28, 2022 Share Posted July 28, 2022 The left owns this lock stock and barrel.. spin it anyway you wish https://finance.yahoo.com/news/q-2-us-gdp-gross-domestic-product-economic-activity-123214911.html Quote Link to comment Share on other sites More sharing options...
Carlos Danger Posted July 28, 2022 Share Posted July 28, 2022 There is this. 3 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted July 28, 2022 Platinum Contributing Member Share Posted July 28, 2022 Sooo what's the brand new definition of Recession? Or have they not "defined" it yet because they're waiting to see just how bad Biden's economy gets 2 Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted July 28, 2022 Share Posted July 28, 2022 2 minutes ago, Skidooski said: Sooo what's the brand new definition of Recession? Or have they not "defined" it yet because they're waiting to see just how bad Biden's economy gets It's whatever they want it to be. Everyone else says it's two consecutive quarters of declining GDP. Quote The official arbiter of recessions in the U.S. is the National Bureau of Economic Research, which defines one as a significant decline in economic activity, spread across the economy for more than a few months. Its Business Cycle Dating Committee considers factors including employment, output, retail sales, and household income—and it usually doesn’t make a recession determination until long after the fact. Quote Link to comment Share on other sites More sharing options...
Pete Posted July 28, 2022 Author Share Posted July 28, 2022 5 minutes ago, Skidooski said: Sooo what's the brand new definition of Recession? Or have they not "defined" it yet because they're waiting to see just how bad Biden's economy gets They are waiting for it to identify itself. Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted July 28, 2022 Share Posted July 28, 2022 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted July 28, 2022 Platinum Contributing Member Share Posted July 28, 2022 2 Quote Link to comment Share on other sites More sharing options...
Anler Posted July 28, 2022 Share Posted July 28, 2022 3 minutes ago, Skidooski said: She's rite! Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted July 28, 2022 Platinum Contributing Member Share Posted July 28, 2022 1 minute ago, Anler said: She's rite! I just noticed the "Mentally emancipated" in the upper corner Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted July 28, 2022 Share Posted July 28, 2022 Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted July 28, 2022 Share Posted July 28, 2022 its not a rcession, the biden admin says so. Quote Link to comment Share on other sites More sharing options...
Snake Posted July 28, 2022 Share Posted July 28, 2022 WASHINGTON (AP) — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession. The decline that the Commerce Department reported Thursday in the gross domestic product — the broadest gauge of the economy — followed a 1.6% annual drop from January through March. Consecutive quarters of falling GDP constitute one informal, though not definitive, indicator of a recession. Even with the economy recording a second straight quarter of negative GDP, many economists do not regard it as constituting a recession. Quote Link to comment Share on other sites More sharing options...
Snake Posted July 28, 2022 Share Posted July 28, 2022 4 2 2 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted July 28, 2022 Share Posted July 28, 2022 Yet people keep spending like drunks. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Steve753 Posted July 28, 2022 Platinum Contributing Member Share Posted July 28, 2022 45 minutes ago, Mainecat said: Yet people keep spending like drunks. Just like Biden. Spend and tax more. That will fix everything! Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted July 28, 2022 Share Posted July 28, 2022 5 hours ago, Pete said: They are waiting for it to identify itself. They did, it identifies as a bull market so. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted July 28, 2022 Share Posted July 28, 2022 We need a recession. 1 Quote Link to comment Share on other sites More sharing options...
toslow Posted July 28, 2022 Share Posted July 28, 2022 Sure like a hole in the head Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted July 28, 2022 Platinum Contributing Member Share Posted July 28, 2022 7 minutes ago, spin_dry said: We need a meteor. Fixed for accuracy Quote Link to comment Share on other sites More sharing options...
akvanden Posted July 28, 2022 Share Posted July 28, 2022 Are you telling me that the Fed raising interest rates to slow inflation….. is working? Quote Link to comment Share on other sites More sharing options...
sleepybrew Posted July 28, 2022 Share Posted July 28, 2022 31 minutes ago, akvanden said: Are you telling me that the Fed raising interest rates to slow inflation….. is working? never did before Quote Link to comment Share on other sites More sharing options...
akvanden Posted July 28, 2022 Share Posted July 28, 2022 4 minutes ago, sleepybrew said: never did before 1980/81. As for today, go read any financial publication. It’s the fine line the feds are trying to walk. Too much - recession, too little - high inflation. “Most investors, economists see Fed rate hikes causing a recession within one year, CNBC survey shows.” https://www.cnbc.com/amp/2022/07/26/most-investors-economists-see-fed-rate-hikes-causing-a-recession-within-one-year-cnbc-survey-shows.html Quote Link to comment Share on other sites More sharing options...
Mainecat Posted July 28, 2022 Share Posted July 28, 2022 Visa 26% Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Steve753 Posted July 28, 2022 Platinum Contributing Member Share Posted July 28, 2022 6 minutes ago, Mainecat said: Visa 26% Not if you pay it every month! I honestly use my Visa to pay for everything these days. They pay me money to do so. Win win. Quote Link to comment Share on other sites More sharing options...
Gold Member EvilBird Posted July 28, 2022 Gold Member Share Posted July 28, 2022 2 hours ago, spin_dry said: We need a recession. Faggot in Van with two dogs response 4 hours ago, Mainecat said: Yet people keep spending like drunks. Faggot Boomer with no kids response . Quote Link to comment Share on other sites More sharing options...
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