Recession is the new not a recession

[Mayday]

US will confirm Q2 negative GDP print this week.

Biden govt says they don’t agree with the definition of recession therefore it isn’t a recession.

Biden govt also says CPI calculations are wrong and outdated therefore it’s not as high as it shows.

[Coach is Back!]

They’re going to try to redefine what a recession is when they can’t even add 2+2

[Rambone]

Let’s change the definition of vaccine, recession, peaceful protest and gender, fam!

[GymnJuice]

US will confirm Q2 negative GDP print this week.

Biden govt says they don’t agree with the definition of recession therefore it isn’t a recession.

Biden govt also says CPI calculations are wrong and outdated therefore it’s not as high as it shows.

The economy doesn't identify as being in a recession therefore it isn't. Don't be so binary, tax paying voters.

[Dave D]

Let’s change the definition of vaccine, recession, peaceful protest and gender, fam!

New definitions.

This is what 81 million people voted for because the were so unhappy.

[jude2]

Just like they are changing the definition of a woman.

[Mayday]

The economy doesn't identify as being in a recession therefore it isn't. Don't be so binary, tax paying voters.

 

In a few days we get a 0.75 rise which will align to the current 3 month bond rate.

To be fair they do have a point. We weren’t starving before going into recession. We had 1 car then got stimmy and bought 4 cars and now the data shows we have to move back to 3 cars.

People are hardly being put to the wall right now. Unemployment hasn’t broken. No defaults in cars or mortgages, no fire sales, no major business collapses.

It kind of feels like a  ‘black swan’ type event is brewing but maybe it all turns to shit with this next rate hike? Dunno.

[El Diablo Blanco]

Just like they are changing the definition of a woman.

A woman is how you feel that moment.

[Thin Lizzy]

In a few days we get a 0.75 rise which will align to the current 3 month bond rate.

To be fair they do have a point. We weren’t starving before going into recession. We had 1 car then got stimmy and bought 4 cars and now the data shows we have to move back to 3 cars.

People are hardly being put to the wall right now. Unemployment hasn’t broken. No defaults in cars or mortgages, no fire sales, no major business collapses.

It kind of feels like a  ‘black swan’ type event is brewing but maybe it all turns to shit with this next rate hike? Dunno.

It currently feels like a grinding type recession with the screws turning slowly but no single catastrophic event.

Of course, that could change. The Chinese real estate market could set something off.

[bhank]

In a few days we get a 0.75 rise which will align to the current 3 month bond rate.

To be fair they do have a point. We weren’t starving before going into recession. We had 1 car then got stimmy and bought 4 cars and now the data shows we have to move back to 3 cars.

People are hardly being put to the wall right now. Unemployment hasn’t broken. No defaults in cars or mortgages, no fire sales, no major business collapses.

It kind of feels like a  ‘black swan’ type event is brewing but maybe it all turns to shit with this next rate hike? Dunno.

2 negative quarters is the definition of recession doesn't matter if it is not a depression yet

[GymnJuice]

2 negative quarters is the definition of recession doesn't matter if it is not a depression yet

They are pushing a different definition of recession online and on the news. I was listening to the radio (NPR... I know, outed for listening to NPR  ) and heard that it is actually only a recession when a 'group of experts' say it is a recession. Apparently, the consecutive negative quarters are not the true definition. I assume this is a new message/propaganda they're pushing to the masses but I'm no economics expert. Maybe it was always this way, and I just didn't realize it.

[Gym-Rat]

Shitting your pants, really isnt "shitting your pants" 

[Thin Lizzy]

The reality is all of these definitions are arbitrary like 20% decline in the stock
Market is a bear but 19% isn’t.

[El Diablo Blanco]

The reality is all of these definitions are arbitrary like 20% decline in the stock
Market is a bear but 19% isn’t.

All of these numbers are bullshit.  Saying that inflation is 9% is bullshit.  If things only went up 9% it would be a bargain compared to what really is happening.  Gas is up 50%, rent is up 50%, cars are up 50%, housing fucking doubled, food is up 50%, the US dollar surged to match the Euro which at the start of year was worth 1.16 USD.  It they truly announced that inflation is at 30-40%, it would rock this fucking economy.  They are pulling wool over peoples eyes.

[Andy Griffin]

The media have their marching orders.  Stay tuned.

[bhank]

They are pushing a different definition of recession online and on the news. I was listening to the radio (NPR... I know, outed for listening to NPR  ) and heard that it is actually only a recession when a 'group of experts' say it is a recession. Apparently, the consecutive negative quarters are not the true definition. I assume this is a new message/propaganda they're pushing to the masses but I'm no economics expert. Maybe it was always this way, and I just didn't realize it.

No its propaganda 2 quarters negative growth is the definition of a recession

[joswift]

No its propaganda 2 quarters negative growth is the definition of a recession

Really?
Can you post a link to that definition?
https://www.cnbc.com/2022/07/26/heres-how-to-know-if-were-in-a-recession-and-its-not-what-you-think.html

Most people think that back-to-back negative GDP quarters constitute a recession, but that’s not the case.

[loco]

[loco]

For the first time in US history, a decade will pass without the country falling into a recession

In every decade since the period immediately before the Civil War, the US economy could be relied on to do one thing: tumble into recession.

But the American economy is on pace to defy that trend for the first time in nearly 170 years as it enters the 2020s.

The 2010s would be first time a decade has come and gone without the nation falling into recession, which is commonly defined as two consecutive quarters of contracting gross domestic product.

https://www.yahoo.com/news/first-time-us-history-decade-151300551.html

Bill got his wish for a recession finally, only it's the wrong President.

[Gym-Rat]

.

[Mayday]

2 negative quarters is the definition of recession doesn't matter if it is not a depression yet

Yellen says: we are not in a recession, we are in a transition in which growth slows.

We are At the point where leaders just outright lie and don’t bother to even hide it. Create your own narrative, repeat it and more and more believe.

It currently feels like a grinding type recession with the screws turning slowly but no single catastrophic event.

Of course, that could change. The Chinese real estate market could set something off.

Wuhan went into lockdown yesterday.

The assumption of mine being China lockdowns cause inflation on the US via shortages. The US begin raising rates to help fight it off. As rates get to the pain point, China suddenly have the hardest lockdown since Covid to apply more pressure to inflation causing the US even more pain.

The US now has the highest inflation in 40yrs and still rising. The fastest interest rate rise in history by a mile. Also In a recession.

[Thin Lizzy]

Yellen says: we are not in a recession, we are in a transition in which growth slows.

We are At the point where leaders just outright lie and don’t bother to even hide it. Create your own narrative, repeat it and more and more believe.


Wuhan went into lockdown yesterday.

The assumption of mine being China lockdowns cause inflation on the US via shortages. The US begin raising rates to help fight it off. As rates get to the pain point, China suddenly have the hardest lockdown since Covid to apply more pressure to inflation causing the US even more pain.

The US now has the highest inflation in 40yrs and still rising. The fastest interest rate rise in history by a mile. Also In a recession.

I’ve heard from a few people whose opinion I respect that China is bleeding dollar reserves. Covid Lockdowns are a convenient pretext for destroying import demand.

Either that or a Communist country than until recently instituted a one child policy really gives a fuck if a few more 80 year olds die than normal.

[Thin Lizzy]

Also, the stuff we import are no the primary drivers of inflation which are: Food, energy and rent.

I’m bearish on China. They seem to be heading in the direction of greater central planning which will kill any prospect for innovation and squander the wealth they accumulated from capitulating to capitalism.

[El Diablo Blanco]

Yellen says: we are not in a recession, we are in a transition in which growth slows.

We are At the point where leaders just outright lie and don’t bother to even hide it. Create your own narrative, repeat it and more and more believe.


Wuhan went into lockdown yesterday.

The assumption of mine being China lockdowns cause inflation on the US via shortages. The US begin raising rates to help fight it off. As rates get to the pain point, China suddenly have the hardest lockdown since Covid to apply more pressure to inflation causing the US even more pain.

The US now has the highest inflation in 40yrs and still rising. The fastest interest rate rise in history by a mile. Also In a recession.

The same Yellen who said she didn’t see this Inflation coming when the fucking clerk at the grocery saw it happening a mile away.

[Thin Lizzy]

The same Yellen who said she didn’t see this Inflation coming when the fucking clerk at the grocery saw it happening a mile away.

Notice how he leaves himself an out. When the recession becomes obvious, he can say the data changed. Fauci continually used  the same excuse for his flip flopping.



Fed's Powell does not believe U.S. economy is in recession right now | Reuters

https://www.reuters.com/markets/us/feds-powell-does-not-believe-us-economy-is-recession-right-now-2022-07-27/