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I didnt say GDP going down was a recession, dumbass. In fact, I did say what a recession is - a succession of 2+ quarters of falling GDP. Trump had none. Obama and Biden both have had multiples of them.It would help you a lot to learn the definition of a "recession", that way you would not look like such a fucking moron. GDP growth going down does not equal a recession, never has, never will
Yes it is, stupid brainwashed one. When an economy experiences two consecutive quarters of economic decline. This occurs when GDP falls in comparison to the previous quarter - as shown in the charts I posted.LOL
No gramps, that's not what a recession looks like. That's what your brain looks like as it deteriorates and is consumed by senility.
boycewire.com
www.forbes.com
www.jhinvestments.com
The calendar is enough for most people. When Trump left office, gas in my neighborhood was $1.89/gallon.So where's your proof Biden caused inflation?
You are right that your fake claim no matter how many times repeated can never be true.
Looks like you don't know how to read BEA GDP charts.And you said it was Biden who caused inflation, when it was he who inherited from Trump's mismanagement of the pandemic.
Yes it is, stupid brainwashed one. When an economy experiences two consecutive quarters of economic decline. This occurs when GDP falls in comparison to the previous quarter - as shown in the charts I posted.
Back to the 8th grade for you (to deprogram you from all that CNN/MSNBC jibberish (sent directly to low information DUPES)
Recession: Definition, Causes, Effects & Solutions
In economics, a recession means a decline in economic growth. More specifically, it is when an economy experiences two consecutive quarters of economic decline.
In 1974, economist Julius Shiskin came up with a few rules of thumb to define a recession: The most popular was two consecutive quarters of declining GDP. A healthy economy expands over time, so two quarters in a row of contracting output suggests there are serious underlying problems, according to Shiskin. This definition of a recession became a common standard over the years.
What Is A Recession?
A recession is a significant decline in economic activity that lasts for months or even years. Experts declare a recession when a nation’s economy experiences negative gross domestic product (GDP), rising levels of unemployment, falling retail sales, and contracting measures of income and manufactur
What happens in a recession? | John Hancock Investment Mgmt
Recessions are neither common nor rare. Some predictions of them prove inaccurate; at other times, recessions can result in significant damage to the economy and markets.
Another "world" deflectionist. Ho hum. yawn****It is sort of cute that you seem to actually believe one man can cause inflation around the world
Show where there was a recession under Trump.The recession under Biden was handed to him by Bush. And the last recession we had was under Trump...
US Business Cycle Expansions and Contractions
www.nber.org
Toddster is so lost.
tradingeconomics.com
FALSE! Not that this is much of a relevant stat, but you are wrong. GDP was HIGHER in 2020-Q4, than in 2019-Q4.Gramps, GDP was LOWER in 2020-Q4 than it was in 2019-Q4. And you idiotically call that a great comeback.
FALSE! Not that this is much of a relevant stat, but you are wrong. GDP was HIGHER in 2020-Q4, than in 2019-Q4.
2019 Q4 - 1.8
2020 Q4 - 3.9
Annual inflation rate. TRADING ECONOMICS | 20 million INDICATORS FROM 196 COUNTRIES
You said >> You said >> "306K is Biden's WORST month"
We live in ONE country, not 196.Annual inflation rate. TRADING ECONOMICS | 20 million INDICATORS FROM 196 COUNTRIES
One proof would be the severe drop in oil production when Biden took over, as compares to what companies were producing with Trump.Toddster yells because he has no proof Biden caused inflation.
Trump crashed US oil production & bankrupted US oil drillers.One proof would be the severe drop in oil production when Biden took over, as compares to what companies were producing with Trump.
Supply goes down, price goes up. AND with the case of oil refining to gas at the pump, these higher prices cause manufacturers to pay more to TRANSPORT their goods to stores. That translates to higher prices for all those (thousands of) goods.
Another proof would be the shutdown of the Keystone Pipeline causing oil companies to adjust their forecasting models. Ever own a business ? I did. What you forecast for the future, affects what you do in the present. Forecast less oil supply - enact higher prices.
All of this was exacerbated even more what Biden cancelled oil drilling soon after taking office, and again in May 2021.
Yes it is, stupid brainwashed one. When an economy experiences two consecutive quarters of economic decline. This occurs when GDP falls in comparison to the previous quarter - as shown in the charts I posted.
Back to the 8th grade for you (to deprogram you from all that CNN/MSNBC jibberish (sent directly to low information DUPES)
Recession: Definition, Causes, Effects & Solutions
In economics, a recession means a decline in economic growth. More specifically, it is when an economy experiences two consecutive quarters of economic decline.
In 1974, economist Julius Shiskin came up with a few rules of thumb to define a recession: The most popular was two consecutive quarters of declining GDP. A healthy economy expands over time, so two quarters in a row of contracting output suggests there are serious underlying problems, according to Shiskin. This definition of a recession became a common standard over the years.
What Is A Recession?
A recession is a significant decline in economic activity that lasts for months or even years. Experts declare a recession when a nation’s economy experiences negative gross domestic product (GDP), rising levels of unemployment, falling retail sales, and contracting measures of income and manufactur
What happens in a recession? | John Hancock Investment Mgmt
Recessions are neither common nor rare. Some predictions of them prove inaccurate; at other times, recessions can result in significant damage to the economy and markets.
