GDP is receding. what are you calling it now?Hard to declare a Recession with 300,000 jobs being created monthly and 3.6% unemployment
GDP is down due to lack of goods to sell and lack of workers.
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GDP is receding. what are you calling it now?Hard to declare a Recession with 300,000 jobs being created monthly and 3.6% unemployment
GDP is down due to lack of goods to sell and lack of workers.
What does that even mean.
Is that a new economic term?
We have never before been in a recession where hundreds of thousands of jobs are being created monthly and unemployment has been at 3.6%
- "Recession has arrived. Back-to-back quarterly declines in real economic activity are not part of the NBER determination of a recession – but the reality is that we have never before seen this condition without there being a recession. Waiting for the NBER to make the official declaration is nutty, since it generally waits more than six months after the downturn started when it publishes the announcement. The decay is evident and the leading indicator from the Conference Board, down four months running, points to more economic pain ahead. The labor market is the next shoe to drop." – David Rosenberg, founder and president of Rosenberg Research
The GDP numbers declare a recession, not people. Democrats are doing what they always do, trying to redefine what has long been established when it suits them politically.Show where it has been declared a recession by any economic body
Fox News doesn’t count
Never in an inflationary period during a recession? lol! Are you sure? Off the top of my head, I believe the 81-82 recession we had double digit inflation then. The more you try to spin this the worse it sounds.PRECISELY!
we've never had a declared recession with unemployment being so so so low, nor with millions of new jobs being filled....all other recessions had zero and less jobs being created, with all the layoffs.
And we were never in an inflationary period during a recession.....
We are raising interest rates, to lower inflation.
In all recessions in our history, the solution to getting out of a recession is to LOWER interest rates
Which we can't do, because that would cause inflation to sky rocket more.....
WHAT A REAL PICKLE, we are in!!
So, the conclusion of the economic board that determines a recession, will likely conclude, we are not in a recession as of yet,, imho.
Because the definition of recession is fundamental economics. You ought to be questioning your favorite economists why there has been no declaration one way or the other.I am willing to wait till independent economic analysts declare a recession
Why aren’t you?
Okay so we're in a recession. Obama never had a recession. Did you vote for him? No? Then fuck off twit.
And so, the economy receded for the last six months, that is a recession. I hope we continue to grow and do well but with the high inflation, housing starts slowing, this is a shaky time. Strong leadership could help with getting us righted but I am not seeing anyone in the near future that could provide real leadership. Passing another spending bill will increase inflation does not calm it, so this move is for Democrats to get votes in November and buy time until 2024.We have never before been in a recession where hundreds of thousands of jobs are being created monthly and unemployment has been at 3.6%
Again. GDP is a measure of growth. It’s hard to increase growth when we don’t have the goods to do it with or the workers to make it happen
Democrats lie about everything.. . Yes. Everything.re·ces·sion
[rəˈseSH(ə)n]
NOUN
- a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters:
"the country is in the depths of a recession" · "measures to pull the economy out of recession
define recession - Bing
Intelligent search from Bing makes it easier to quickly find what you’re looking for and rewards you.www.bing.com
Any person taking a college level economic course has learned that a recession is two consecutive quarters of decline in real GDP.
U.S. economy shrinks in the second quarter, GDP shows, and invites talk of recession
The U.S. economy shrank at a annual 0.9% pace in the second quarter to mark the second decline in a row in gross domestic product, intensifying a debate over...www.marketwatch.com
But a recession isn't helpful to the democrats in furthering their agenda so they have undertaken the Orwellian task of lying reality out of existence.
Biden's top economic dog, Janet Yellen is faced with addressing the recession, and has chosen a favorite tactic of the democrat party - she is flat out lying.
{
Treasury Secretary Janet Yellen doubled down on her claim that the US economy is not in a recession — despite the fact that the latest GDP report showed its second straight quarterly decline.
Yellen said experts “should avoid a semantic battle” when discussing the US economy, even as the White House on Thursday scrambled to push back against the widely held view among economists that two straight quarters of GDP declines are the definition of a recession.}
Janet Yellen denies US recession as GDP drops for 2nd straight quarter
Yellen said experts “should avoid a semantic battle” when discussing the state of the US economy.nypost.com
Joe Biden lied to the America people as well.
Biden White House talking points redefining recession quickly embraced by media outlets
Several news outlets are warming up to the Biden administration's efforts to change the definition of a recession ahead of potentially damning GDP data set to be released.www.foxnews.com
Will the lies of the democrats lessen the impact of this recession? Will the public buy into it? Will the NY Times and other party propaganda be able to erase 200 years of economic reality to serve the current regime?
Show me an economic expert ready to declare a recession
Hard to declare a Recession with 300,000 jobs being created monthly and 3.6% unemployment
GDP is down due to lack of goods to sell and lack of workers.
- "Recession has arrived. Back-to-back quarterly declines in real economic activity are not part of the NBER determination of a recession – but the reality is that we have never before seen this condition without there being a recession. Waiting for the NBER to make the official declaration is nutty, since it generally waits more than six months after the downturn started when it publishes the announcement. The decay is evident and the leading indicator from the Conference Board, down four months running, points to more economic pain ahead. The labor market is the next shoe to drop." – David Rosenberg, founder and president of Rosenberg Research
No question it is not a robust economyPRECISELY!
we've never had a declared recession with unemployment being so so so low, nor with millions of new jobs being filled....all other recessions had zero and less jobs being created, with all the layoffs.
And we were never in an inflationary period during a recession.....
We are raising interest rates, to lower inflation.
In all recessions in our history, the solution to getting out of a recession is to LOWER interest rates
Which we can't do, because that would cause inflation to sky rocket more.....
WHAT A REAL PICKLE, we are in!!
So, the conclusion of the economic board that determines a recession, will likely conclude, we are not in a recession as of yet,, imho.
I criticized Bush plenty, I just wasn’t a rabid hater like the left became. When the left lied about Abu Ghraib and the US military I realized what absolute pieces of shit the real left is.You defended Bush through that disaster. Then you defended shady Trump
They lie about everything.You don't "declare" a recession, Nazi. It is an economic condition where two consecutive quarters have negative growth.
Yes, it hurts you in the polls - so you lie.
But I'm not sure the level of gaslighting you vermin are engaged in will convince anyone.
It seems to be economists doing the definingThe GDP numbers declare a recession, not people. Democrats are doing what they always do, trying to redefine what has long been established when it suits them politically.
I could be wrong on that, but wasn't it inflation that caused interest rates to rise under Reagan to 11% to try to slow the economy and inflation down, that caused the economic slowdown to reach the point of a recession.... Which is the OPPOSITE of what is occurring at the moment?Never in an inflationary period during a recession? lol! Are you sure? Off the top of my head, I believe the 81-82 recession we had double digit inflation then. The more you try to spin this the worse it sounds.
An economy that is receding, is recessing, and two quarters of a receding economy means a recession.
I guess you didn't notice that Democrat leaders are making speeches clearly stating that recession is NOT defined as 2 consecutive quarters of negative GDP.It seems to be economists doing the defining