The US Economy did not get the Recession Memo

[Toddsterpatriot]

The US Economy obviously has not been listening to RW talking heads about a Recession

The US economy didn't get the recession memo

The American economy didn't get the memo that it's supposed to already be in a recession.

www.cnn.com

GDP = RW talking heads

LOL!

 

[TNHarley]

What; month did Trump announce it was?

The president is the one that declares a recession? I didnt know that.

 

[Toddsterpatriot]

Talk to me next month

Gas prices are down $1

They gonna drop another $1 per month?

 

[Moonglow]

The president is the one that declares a recession? I didnt know that.

No, they deny them.

 

[TNHarley]

No, they deny them.

Make up your mind, burnout.

 

[Harpy Eagle]

The president is the one that declares a recession? I didnt know that.

Who is the one(s) that does that?

 

[rightwinger]

They gonna drop another $1 per month?

Expect it to drop another $1 by election day

 

[Oddball]

• The economy added more than half a million jobs in July alone.
• The unemployment rate dropped to 3.5%, tied for the lowest level since 1969.
• Inflation chilled out (relatively speaking) in July for both the consumers and producers.
• Gas prices tumbled below $4 a gallon for the first time since March.
• Consumer sentiment has bounced off record lows.
• The stock market notched its longest weekly winning streak since November.

 

[odanny]

I started out the year with my 401K down 12%, but now am down 3%, and things are trending up.

Thank you President Biden!

 

[Toddsterpatriot]

Expect it to drop another $1 by election day

Is the recession going to crater demand that much in the next 3 months?

 

[Toddsterpatriot]

Expect it to drop another $1 by election day

The New York Federal Reserve said its Empire State Manufacturing Survey plunged by 42 points in August to -31.3. That marks the second-largest monthly decline on record for this closely watched gauge of economic activity. The biggest drop was recorded in April 2020, when the economy was ravaged by the onset of the Covid-19 pandemic.

The August reading leaves the Empire State survey at its lowest point since May 2020 and at among the lowest levels since the survey launched in April 2002. Any reading below zero indicates a contraction.

"The headline general business conditions index plummeted," the report said. "New orders and shipments plunged, and unfilled orders declined."

New York manufacturing suffers near-record plunge

In the latest sign of turbulence in the US economy, New York-area manufacturing suffered a large and unexpected setback in August, according to a survey released on Monday.

www.cnn.com

Could be dropping by more than $1.

So how many House seats are the Dems going to lose?

 

[Harpy Eagle]

So how many House seats are the Dems going to lose?

40ish while picking up two seats in the Senate

 

[Toddsterpatriot]

40ish while picking up two seats in the Senate

Which Senate seats will they pick up?

 

[Harpy Eagle]

Which Senate seats will they pick up?

PA for sure.

After that Wisc or NC.

 

[Toddsterpatriot]

PA for sure.

After that Wisc or NC.

You sure about PA?
Fetterman's brain is a little mushy. Even more than before.

 

[Harpy Eagle]

You sure about PA?
Fetterman's brain is a little mushy. Even more than before.

It was the GOPs to lose and then they picked Dr Oz. It is almost as if they did it on purpose to make sure the Dems kept the Senate.

 

[Toddsterpatriot]

It was the GOPs to lose and then they picked Dr Oz. It is almost as if they did it on purpose to make sure the Dems kept the Senate.

I know, but the Dem candidate can't string together a coherent thought anymore.
It's like the Dems are following the Biden playbook.
Are the Dems going to lose any seats? Arizona? Georgia? Nevada? New Hampshire?

 

[Harpy Eagle]

I know, but the Dem candidate can't string together a coherent thought anymore.
It's like the Dems are following the Biden playbook.
Are the Dems going to lose any seats? Arizona? Georgia? Nevada? New Hampshire?

I do not think they will

 

[Toddsterpatriot]

I do not think they will

Rising rates, high inflation, weakening economy......never good for the incumbent party.

 

[rightwinger]

The New York Federal Reserve said its Empire State Manufacturing Survey plunged by 42 points in August to -31.3. That marks the second-largest monthly decline on record for this closely watched gauge of economic activity. The biggest drop was recorded in April 2020, when the economy was ravaged by the onset of the Covid-19 pandemic.

The August reading leaves the Empire State survey at its lowest point since May 2020 and at among the lowest levels since the survey launched in April 2002. Any reading below zero indicates a contraction.

"The headline general business conditions index plummeted," the report said. "New orders and shipments plunged, and unfilled orders declined."

New York manufacturing suffers near-record plunge

In the latest sign of turbulence in the US economy, New York-area manufacturing suffered a large and unexpected setback in August, according to a survey released on Monday.

www.cnn.com

Could be dropping by more than $1.

So how many House seats are the Dems going to lose?

Never heard of it

But looks like Republicans will call it our most important economic indicator