When is a recession not a recession? When the White House says so.

[task0778]

As concerns mount about a possible recession this year, White House National Economic Council director Brian Deese argued that a second consecutive quarter of negative GDP growth was technically “not a recession.”

According to Deese, the “technical definition considers a much broader spectrum of data points.” He also emphasized the need to look ahead rather than “technical debates about backward-looking data.”

CNN “New Day” host John Berman said, “It sounds like you’re anticipating what will be comments from some saying two quarters of negative growth in a row — that’s a recession.”

“Right,” Deese replied. “And certainly, in terms of the technical definition, it’s not a recession. The technical definition considers a much broader spectrum of data points.

WH's Deese: 'In Terms of the Technical Definition,' Two Negative Quarters of Growth 'Not a Recession'

As concerns mount about a possible recession this year, White House National Economic Council director Brian Deese argued that a second consecutive quarter of negative GDP growth was technically "not a recession." | Clips

www.breitbart.com

On Thursday (28th) the 2nd Quarter GDP numbers will come out and I suspect the data will be negative for Apr-Jun, meaning that the gov't itself actually says we're in a recession. But obviously the politicians on the Left will try to spin everything with rose-colored glasses, as Mr. Deese does in the rest of the interview that you can read in the link. But I think he's wrong, if the 2nd qtr GDP numbers come out negative then technically we ARE in a recession.

 

[theHawk]

As concerns mount about a possible recession this year, White House National Economic Council director Brian Deese argued that a second consecutive quarter of negative GDP growth was technically “not a recession.”

According to Deese, the “technical definition considers a much broader spectrum of data points.” He also emphasized the need to look ahead rather than “technical debates about backward-looking data.”

CNN “New Day” host John Berman said, “It sounds like you’re anticipating what will be comments from some saying two quarters of negative growth in a row — that’s a recession.”

“Right,” Deese replied. “And certainly, in terms of the technical definition, it’s not a recession. The technical definition considers a much broader spectrum of data points.

WH's Deese: 'In Terms of the Technical Definition,' Two Negative Quarters of Growth 'Not a Recession'

As concerns mount about a possible recession this year, White House National Economic Council director Brian Deese argued that a second consecutive quarter of negative GDP growth was technically "not a recession." | Clips

www.breitbart.com

On Thursday (28th) the 2nd Quarter GDP numbers will come out and I suspect the data will be negative for Apr-Jun, meaning that the gov't itself actually says we're in a recession. But obviously the politicians on the Left will try to spin everything with rose-colored glasses, as Mr. Deese does in the rest of the interview that you can read in the link. But I think he's wrong, if the 2nd qtr GDP numbers come out negative then technically we ARE in a recession.

That’s right, everything is all White now. Biden says so.

 

[Billy_Bob]

Just like a man can have a baby and babies are not humans and can be killed up to the age of two... Biden's changing the terms to fit his cultish agenda.

 

[basquebromance]

 

[Faun]

As concerns mount about a possible recession this year, White House National Economic Council director Brian Deese argued that a second consecutive quarter of negative GDP growth was technically “not a recession.”

According to Deese, the “technical definition considers a much broader spectrum of data points.” He also emphasized the need to look ahead rather than “technical debates about backward-looking data.”

CNN “New Day” host John Berman said, “It sounds like you’re anticipating what will be comments from some saying two quarters of negative growth in a row — that’s a recession.”

“Right,” Deese replied. “And certainly, in terms of the technical definition, it’s not a recession. The technical definition considers a much broader spectrum of data points.

WH's Deese: 'In Terms of the Technical Definition,' Two Negative Quarters of Growth 'Not a Recession'

As concerns mount about a possible recession this year, White House National Economic Council director Brian Deese argued that a second consecutive quarter of negative GDP growth was technically "not a recession." | Clips

www.breitbart.com

On Thursday (28th) the 2nd Quarter GDP numbers will come out and I suspect the data will be negative for Apr-Jun, meaning that the gov't itself actually says we're in a recession. But obviously the politicians on the Left will try to spin everything with rose-colored glasses, as Mr. Deese does in the rest of the interview that you can read in the link. But I think he's wrong, if the 2nd qtr GDP numbers come out negative then technically we ARE in a recession.

The National Bureau of Economic Research (NBER) does not define a recession in terms of two consecutive quarters of decline in real GNP. Rather, a recession is a recurring period of decline in total output, income, employment, and trade, usually lasting from six months to a year, and marked by widespread contractions in many sectors of the economy.

Business Cycle Expansions and Contractions

Business Cycle Expansion and contraction dates for the United States Economy

web.archive.org

 

[Lastamender]

The National Bureau of Economic Research (NBER) does not define a recession in terms of two consecutive quarters of decline in real GNP. Rather, a recession is a recurring period of decline in total output, income, employment, and trade, usually lasting from six months to a year, and marked by widespread contractions in many sectors of the economy.

Business Cycle Expansions and Contractions

Business Cycle Expansion and contraction dates for the United States Economy

web.archive.org

Word play always helps when a country is being deliberately destroyed. Another distraction to try and hide the truth.

 

[theHawk]

As concerns mount about a possible recession this year, White House National Economic Council director Brian Deese argued that a second consecutive quarter of negative GDP growth was technically “not a recession.”

According to Deese, the “technical definition considers a much broader spectrum of data points.” He also emphasized the need to look ahead rather than “technical debates about backward-looking data.”

CNN “New Day” host John Berman said, “It sounds like you’re anticipating what will be comments from some saying two quarters of negative growth in a row — that’s a recession.”

“Right,” Deese replied. “And certainly, in terms of the technical definition, it’s not a recession. The technical definition considers a much broader spectrum of data points.

WH's Deese: 'In Terms of the Technical Definition,' Two Negative Quarters of Growth 'Not a Recession'

As concerns mount about a possible recession this year, White House National Economic Council director Brian Deese argued that a second consecutive quarter of negative GDP growth was technically "not a recession." | Clips

www.breitbart.com

On Thursday (28th) the 2nd Quarter GDP numbers will come out and I suspect the data will be negative for Apr-Jun, meaning that the gov't itself actually says we're in a recession. But obviously the politicians on the Left will try to spin everything with rose-colored glasses, as Mr. Deese does in the rest of the interview that you can read in the link. But I think he's wrong, if the 2nd qtr GDP numbers come out negative then technically we ARE in a recession.

 

[task0778]

One can argue about the specifics of economic growth and how it is measured, many say the GDP calculation that many people use to gauge such things is itself flawed. But IMHO the bottom line is that people feel like we're in a recession regardless of what the gov't says. The usual indicators for a recession seem to be missing but when your purchasing power is dropping for the average American, it's hard to convince them that the economy isn't turning to shit. According to a Morning Consult survey taken earlier this month, 65% or registered voters believe the US is already in a recession.

Are We in a Recession? 2 in 3 Voters Say Yes

Nearly 4 in 5 Republicans think the U.S. is currently in a recession, up from about 2 in 5 two years ago during an actual recession

morningconsult.com

And on Thursday the Fed is expected to rise the base interest rates up another .75%, and that ain't going to help economic growth either.

 

[Theowl32]

How the leftist voters allow them to do, day and get away with this is beyond me.

TikTok - Make Your Day

www.tiktok.com

And yet under Trump after the Chinese and the globaliats hit us with a biological attack in 2020?

 

[Skylar]

As concerns mount about a possible recession this year, White House National Economic Council director Brian Deese argued that a second consecutive quarter of negative GDP growth was technically “not a recession.”

According to Deese, the “technical definition considers a much broader spectrum of data points.” He also emphasized the need to look ahead rather than “technical debates about backward-looking data.”

CNN “New Day” host John Berman said, “It sounds like you’re anticipating what will be comments from some saying two quarters of negative growth in a row — that’s a recession.”

“Right,” Deese replied. “And certainly, in terms of the technical definition, it’s not a recession. The technical definition considers a much broader spectrum of data points.

WH's Deese: 'In Terms of the Technical Definition,' Two Negative Quarters of Growth 'Not a Recession'

As concerns mount about a possible recession this year, White House National Economic Council director Brian Deese argued that a second consecutive quarter of negative GDP growth was technically "not a recession." | Clips

www.breitbart.com

On Thursday (28th) the 2nd Quarter GDP numbers will come out and I suspect the data will be negative for Apr-Jun, meaning that the gov't itself actually says we're in a recession. But obviously the politicians on the Left will try to spin everything with rose-colored glasses, as Mr. Deese does in the rest of the interview that you can read in the link. But I think he's wrong, if the 2nd qtr GDP numbers come out negative then technically we ARE in a recession.

A recession in the US is generally defined by the NBER. You don't need 2 consecutive quarters to have a recession....our last recession was just 2 months.

 

[Theowl32]

A recession in the US is generally defined by the NBER. You don't need 2 consecutive quarters to have a recession....our last recession was just 2 months.

TikTok - Make Your Day

www.tiktok.com

 

[two_iron]

I'd just as soon call it Biden's Fuckup as a recession.

Banana republic style inflation follows banana republic style election theft.... who'd a thunk it? (other than a Venezuelan)

 

[Skylar]

TikTok - Make Your Day

www.tiktok.com

US Business Cycle Expansions and Contractions

www.nber.org

 

[Theowl32]

US Business Cycle Expansions and Contractions

www.nber.org

Oh so the left wing was lying then but not now ALL OF A SUDDEN. Got it.

TikTok - Make Your Day

www.tiktok.com

 

[Skylar]

I'd just as soon call it Biden's Fuckup as a recession.

Banana republic style inflation follows banana republic style election theft.... who'd a thunk it? (other than a Venezuelan)

And by 'election theft', you mean your imagination? Because when pressed to back those claims up with credible evidence, your ilk chokes harder the Hillary Clinton.

 

[Skylar]

Oh so the left wing was lying then but not now ALL OF A SUDDEN. Got it.

TikTok - Make Your Day

www.tiktok.com

I'm 'the left wing'? You mean all of it? The whole thing?

Damn. I'm feeling fancy.

Yeah, I'm gonna go with the NBER over your guy on TikTok.

 

[Theowl32]

I'm 'the left wing'? You mean all of it? The whole thing?

Damn. I'm feeling fancy.

Yeah, I'm gonna go with the NBER over your guy on TikTok.

Didn't say YOOOOUUUU!!! Didn't watch the video of the compilation of the entire woke leftist media defining what it is along with democrats and then all of a sudden not now?

Didn't see that?

 

[BrokeLoser]

As concerns mount about a possible recession this year, White House National Economic Council director Brian Deese argued that a second consecutive quarter of negative GDP growth was technically “not a recession.”

According to Deese, the “technical definition considers a much broader spectrum of data points.” He also emphasized the need to look ahead rather than “technical debates about backward-looking data.”

CNN “New Day” host John Berman said, “It sounds like you’re anticipating what will be comments from some saying two quarters of negative growth in a row — that’s a recession.”

“Right,” Deese replied. “And certainly, in terms of the technical definition, it’s not a recession. The technical definition considers a much broader spectrum of data points.

WH's Deese: 'In Terms of the Technical Definition,' Two Negative Quarters of Growth 'Not a Recession'

As concerns mount about a possible recession this year, White House National Economic Council director Brian Deese argued that a second consecutive quarter of negative GDP growth was technically "not a recession." | Clips

www.breitbart.com

On Thursday (28th) the 2nd Quarter GDP numbers will come out and I suspect the data will be negative for Apr-Jun, meaning that the gov't itself actually says we're in a recession. But obviously the politicians on the Left will try to spin everything with rose-colored glasses, as Mr. Deese does in the rest of the interview that you can read in the link. But I think he's wrong, if the 2nd qtr GDP numbers come out negative then technically we ARE in a recession.

Weird that our resident money man Mac1958 hasn’t chimed in on this one…he usually loves to play professional money guy.

 

[Mac1958]

Weird that our resident money man Mac1958 hasn’t chimed in on this one…he usually loves to play professional money guy.

Amazing how much space I take up in your head.

As I have said in other threads, a recession is defined as two consecutive quarters of negative GDP growth. So, this is a recession. You're welcome.

And this is as far as I will go in trying to discuss economics and markets with Trumpsters.

 

[Ray From Cleveland]

As concerns mount about a possible recession this year, White House National Economic Council director Brian Deese argued that a second consecutive quarter of negative GDP growth was technically “not a recession.”

According to Deese, the “technical definition considers a much broader spectrum of data points.” He also emphasized the need to look ahead rather than “technical debates about backward-looking data.”

CNN “New Day” host John Berman said, “It sounds like you’re anticipating what will be comments from some saying two quarters of negative growth in a row — that’s a recession.”

“Right,” Deese replied. “And certainly, in terms of the technical definition, it’s not a recession. The technical definition considers a much broader spectrum of data points.

WH's Deese: 'In Terms of the Technical Definition,' Two Negative Quarters of Growth 'Not a Recession'

As concerns mount about a possible recession this year, White House National Economic Council director Brian Deese argued that a second consecutive quarter of negative GDP growth was technically "not a recession." | Clips

www.breitbart.com

On Thursday (28th) the 2nd Quarter GDP numbers will come out and I suspect the data will be negative for Apr-Jun, meaning that the gov't itself actually says we're in a recession. But obviously the politicians on the Left will try to spin everything with rose-colored glasses, as Mr. Deese does in the rest of the interview that you can read in the link. But I think he's wrong, if the 2nd qtr GDP numbers come out negative then technically we ARE in a recession.

We're not in a recession. We are in a transitory period.

God Democrat voters are completely stupid.