US stocks wipe out steep losses that followed Trump’s ‘liberation day’

[Marener]

Hmm..

https://www.npr.org/2022/07/28/1113649843/gdp-2q-economy-2022-recession-two-quarters

Seems the media disagrees

Q2 was revised to a positive number later.

 

[ThisIsMe]

Q2 was revised to a positive number later.

By who?

 

[Marener]

By who?

Same people as always. BEA.

 

[krichton]

Trump keeps winning, and you halfwits keep losing.


It’s fun to watch.

Winning only in the mind of simps like yourself. To the rest of us he's a dangerous buffoon who doesn't know a thing about basic economics or economic policy.

 

[candycorn]

They won't be able to understand it.

According to you, we're back where we were a few months ago on the DJIA....no progress, we've recovered from the self-inflicted wound. Thanks for confirming what a lousy President Trump is.

 

[candycorn]

So the stock market rebounded once Trump bailed on his dumb tariffs and you guys think that proves he's great?

It just shows his tariffs are stupid and destructive.

You hit the nail on the head. When a team gets back to .500 after a month long losing streak, the manager usually isn't seen as some sort of genius.

 

[ThisIsMe]

Same people as always. BEA.

Link because I just posted links and graphs from the bea that showed q1 and q2 of 2020 as being negative.

When did they revise it to be gdp growth instead of contraction? Link to that please

 

[Marener]

Link because I just posted links and graphs from the bea that showed q1 and q2 of 2020 as being negative.

When did they revise it to be gdp growth instead of contraction? Link to that please

You posted the early estimates.

 

[Billiejeens]

According to you, we're back where we were a few months ago on the DJIA....no progress, we've recovered from the self-inflicted wound. Thanks for confirming what a lousy President Trump is.

I understand that you are 1 of those simpletons who believes that whatever the subject is that you want to complain about happens in a vacuum.

None of those things do.

 

[ThisIsMe]

You posted the early estimates.

Q1 and q2 of 2022 were negative. This post is from 2024

 

[Marener]

Q1 and q2 of 2022 were negative. This post is from 2024

Q2 2022 was revised to a positive number.

 

[ThisIsMe]

Q2 2022 was revised to a positive number.

Again, by who? The guy in your interview segment talks about numbers being revised, but I'm looking at the numbers from the BEA and they're still showing negative for q1 and q2 of 2022.

Where are the revised numbers and what did they do to revise them? Use unemployment and inflation numbers to massage the gdp rate? The GDP rate is goods produced in the country, it is what it is, you can't start adding other data into it to make it look better. If that were the case, every administration could do that and ther would never be a "recession".

 

[Marener]

Again, by who? The guy in your interview segment talks about numbers being revised, but I'm looking at the numbers from the BEA and they're still showing negative for q1 and q2 of 2022.

Where are the revised numbers and what did they do to revise them? Use unemployment and inflation numbers to massage the gdp rate? The GDP rate is goods produced in the country, it is what it is, you can't start adding other data into it to make it look better. If that were the case, every administration could do that and ther would never be a "recession".

The BEA revised them. They always revise them. You arent looking at up to date data. Go to BEA.gov and check again. Don’t pull news articles from 2022 before the revisions.

 

[Marener]

but I'm looking at the numbers from the BEA and they're still showing negative for q1 and q2 of 2022

They aren’t.

BEA Interactive Data Application

 

[mamooth]

Hmm..

GDP was revised upwards later. You can't rely on old media articles.

So, no 2 consecutive quarters of negative GDP, so no Biden recession.

Zoom in on that graph. Q4 2019 shows gdp of 21,933,217 then Q1 2020, it shrinks (goes negative) to 21,717,657, then Q2 of 2020 it contracts again to 19,935,444.

And who was in office in 2020?

 

[ThisIsMe]

GDP was revised upwards later. You can't rely on old media articles.

So, no 2 consecutive quarters of negative GDP, so no Biden recession.



And who was in office in 2020?

Correct, but also look at 2022...same situation q1 and q2. And you all keep saying they revised it upward, but don't link to any data that shows that. The BEA still shows 2 quarters negative.

WHO revised it up? Link that information because I've searched Google and can't find it.

 

[ThisIsMe]

They aren’t.

BEA Interactive Data Application

This is still on their site. The two at the end. Still negative.

Also, your chart shows % of change from preceeding quarter. It shows a .3% increase from the preceeding quarter, but it's still a negative number.

If the preceeding quarter was -5%, and this quarter it's -2%, you've had a 3% increase, but the gdp is still negative.

 

[Marener]

This is still on their site. The two at the end. Still negative.

Then let’s have the link.

 

[Zincwarrior]

Trump is bouncing around threatening more random tariffs last night. Stock market tanking again. Looks like he's winging for more tangible gratuities from Apple.

 

[ThisIsMe]

Then let’s have the link.

I've posted it..like 3 times

Gross Domestic Product, Second Quarter 2022 (Advance Estimate) | U.S. Bureau of Economic Analysis (BEA)

Real gross domestic product (GDP) decreased at an annual rate of 0.9 percent in the second quarter of 2022 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 1.6 percent. The GDP estimate released today is based on...

www.bea.gov

That's #4