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Started By
Message
Massive WH cope. The definition of "recession" is changing before Q2 numbers.
Posted on 7/25/22 at 7:32 am
Posted on 7/25/22 at 7:32 am
Q2 GDP number is coming out July 28th. It must be negative. The Atlanta Fed GDP Now is predicting -1.6%. Historically the definition of a recession is two consecutive quarters of negative GDP.
Now the Biden White House is trying to change that definition.
LINK
Now the Biden White House is trying to change that definition.
LINK
18
Posted on 7/25/22 at 7:34 am to GumboPot
Sort of like "vaccine" and "woman"
Posted on 7/25/22 at 7:34 am to GumboPot
The same way they lower crime numbers by ignoring crimes that are still occurring.
Posted on 7/25/22 at 7:35 am to GumboPot
Controlling the language is a key part of the left's mass brainwashing program.
Posted on 7/25/22 at 7:38 am to GumboPot
99% of people don’t know what that number means anyway. Biden can’t hide from what is Coming and already here
Posted on 7/25/22 at 7:39 am to GumboPot
She’s right about one thing: the NBER is the group that “officially” calls it a recession. Other than that she is trying to downplay it as hard as she can to prop up this weak administration.
Posted on 7/25/22 at 7:41 am to GumboPot
Newspeak on full display.
fricking Orwell...
fricking Orwell...
Posted on 7/25/22 at 7:42 am to GumboPot
Gotta love the transparency here.
Alot of people know they’re fos, but they dont care as long as they can fool the idiots in the country.
Something is seriously wrong with the direction the gov is headed
Alot of people know they’re fos, but they dont care as long as they can fool the idiots in the country.
Something is seriously wrong with the direction the gov is headed
This post was edited on 7/25/22 at 7:43 am
Posted on 7/25/22 at 7:48 am to GumboPot
She must be easy to fool then, bc by her own admission, she didn't see inflation coming either.
Posted on 7/25/22 at 7:48 am to fjlee90
quote:
Newspeak on full display.
fricking Orwell...
It literally is, lol
Posted on 7/25/22 at 7:49 am to jevins_slickin
It’s not a government right now. It’s organized crime.
Posted on 7/25/22 at 7:53 am to GumboPot
quote:
Yellen
lol
Posted on 7/25/22 at 7:55 am to GumboPot
The economy is doubleplusgood.
Posted on 7/25/22 at 7:55 am to GumboPot
I love the wording there... She "debunks" the definition of recession by simply disagreeing with it. Its settled. Biden is doing great!
If it were a republican administration, how would that headline look?
If it were a republican administration, how would that headline look?
Posted on 7/25/22 at 7:58 am to Vacherie Saint
quote:
If it were a republican administration, how would that headline look?
All economies in a Democrat administrations are booming and all economies GOP administrations are in a depression.
Posted on 7/25/22 at 8:02 am to GumboPot
LOL at their strategy of saying "well this really isn't a real recession".
People aren't going to buy it when foreclosures shoot up, wages stagnate, and homes/cars become unaffordable due to double digit interest rates, and groceries become unafforadble.
People aren't going to buy it when foreclosures shoot up, wages stagnate, and homes/cars become unaffordable due to double digit interest rates, and groceries become unafforadble.
This post was edited on 7/25/22 at 8:03 am
Posted on 7/25/22 at 8:05 am to GumboPot
WSJ this morning reports the number to be released Thursday morning at 830, expected to be a slight expansion 2Q.
When preliminary numbers were released earlier this month showing a retraction, this board postulated that the numbers would be massaged to show an expansion.
I think that’s what we’ll see Thursday.
When preliminary numbers were released earlier this month showing a retraction, this board postulated that the numbers would be massaged to show an expansion.
I think that’s what we’ll see Thursday.
Posted on 7/25/22 at 8:06 am to PsychTiger
quote:
The same way they lower crime numbers by ignoring crimes that are still occurring.
No Convictions... No Crime..
Posted on 7/25/22 at 8:11 am to Deplorableinohio
quote:
WSJ this morning reports the number to be released Thursday morning at 830, expected to be a slight expansion 2Q.
So you're saying that the old definition of "recession" will hold?
Posted on 7/25/22 at 8:29 am to Purple Spoon
Actually it’s not the 2 quarter of negative results that bothers me at all. It’s the next 2-1/2 years of this shitshow and what will come with it that is the huge problem
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