- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Yellen: Economy might not technically be recession
Posted on 7/24/22 at 5:36 pm
Posted on 7/24/22 at 5:36 pm
Link to ridiculousness (and not the MTV show)
Only because the NEBR changed the definition from being the simple-to-understand 2 months of negative GDP growth to "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales."
It's going to be interesting to see what they try to hang their hats on to avoid saying we are in a recession.
quote:
Appearing on NBC’s “Meet the Press,” Yellen acknowledged that many economists generally define a recession as two consecutive quarters of negative GDP growth but emphasized, “That is not the technical definition.”
Only because the NEBR changed the definition from being the simple-to-understand 2 months of negative GDP growth to "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales."
It's going to be interesting to see what they try to hang their hats on to avoid saying we are in a recession.
20
Posted on 7/24/22 at 5:38 pm to Bard
She can take her 'technically' and shove it where the sun don't shine.
Posted on 7/24/22 at 5:40 pm to Bard
“Technically, you’re a goddamn idiot.” - Chief Lutz, Beverley Hills PD
Posted on 7/24/22 at 5:40 pm to Bard
(no message)
This post was edited on 7/25/22 at 6:18 pm
Posted on 7/24/22 at 5:41 pm to Bard
It’s like the Monty Python routine reminding you that murder is only an extroverted suicide.
Posted on 7/24/22 at 5:44 pm to Bard
Technically, she's a jew so......
Posted on 7/24/22 at 5:45 pm to Bard
quote:
Yellen: Economy might not technically be recession
This is the same idiot that said the inflation problem was transitory ... screw her.
Posted on 7/24/22 at 5:46 pm to Bard
Did they really change the definition? 
Posted on 7/24/22 at 5:47 pm to Bard
(no message)
This post was edited on 7/25/22 at 6:10 pm
Posted on 7/24/22 at 5:47 pm to Bard
How to tell when dimorats are lying, their lips move
Posted on 7/24/22 at 5:48 pm to Bard
The definition as taught in school and traditionally relied upon is two consecutive quarters of negative GDP growth. In recent history we have had times when the economy was technically positive but employment numbers were skewed and the labor market was dismal. We also have times when unemployment drops, but so has labor force participation, so the economy has pushed people out. The financial recession that accompanied the 2008 business cycle recession was abnormal, and had long lasting effects. This drove similar talk at times.
All in all there can be counter cyclical tendencies, but two consecutive quarters is reliable. Modern politics and news cycles spew negativity beyond reason, though, and politicians will also whitewash bad news. This is a time and topic for adults in the room, not BS like transitory inflation rhetoric and let’s redefine a recession.
All in all there can be counter cyclical tendencies, but two consecutive quarters is reliable. Modern politics and news cycles spew negativity beyond reason, though, and politicians will also whitewash bad news. This is a time and topic for adults in the room, not BS like transitory inflation rhetoric and let’s redefine a recession.
Posted on 7/24/22 at 5:48 pm to Bard
Look like talking points are out
They are really going to Jedi mind trick us citizens not see recession that is raging
They are really going to Jedi mind trick us citizens not see recession that is raging
Posted on 7/24/22 at 5:49 pm to Bard
Oh for frick's sake.
Now...imagine Mnuchin said that.
Now...imagine Mnuchin said that.
Posted on 7/24/22 at 5:50 pm to Bard
Yellen may not be technically retarded, but, in reality, she is.
Posted on 7/24/22 at 5:52 pm to Bard
Gone have to crash for us to get off our tails so let it crash and burn
Posted on 7/24/22 at 5:56 pm to Bard
The same people who change the meaning of the right to keep and bear arms find changing the definition of recession child’s play.
Posted on 7/24/22 at 6:00 pm to Bard
We’ve technically been in a recession since 2020.
Posted on 7/24/22 at 6:01 pm to TexasTiger33
What happens if Ed stop paying interest on the bonds that the fed owns?
Posted on 7/24/22 at 7:34 pm to Bard
Since she’s wrong pretty much every time she says anything, looks like the recession will be rough
Posted on 7/24/22 at 7:44 pm to Bard
(no message)
This post was edited on 7/25/22 at 6:10 pm
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News