Does THREE months of decline qualify for the definition of RECESSION?

[Capt Ron 1]

How about it snowflakes/commies? Want to try to spin THIS?

GDP shrank at revised 0.6% rate in second quarter, signaling US remains in technical recession

The Commerce Department said in its second reading of second-quarter GDP data on Thursday that the economy shrank less than was initially reported in the spring.

www.foxbusiness.com

 

[NavigatorII]

How about it snowflakes/commies? Want to try to spin THIS?

GDP shrank at revised 0.6% rate in second quarter, signaling US remains in technical recession

The Commerce Department said in its second reading of second-quarter GDP data on Thursday that the economy shrank less than was initially reported in the spring.

www.foxbusiness.com

 

[fatman76]

How about it snowflakes/commies? Want to try to spin THIS?

GDP shrank at revised 0.6% rate in second quarter, signaling US remains in technical recession

The Commerce Department said in its second reading of second-quarter GDP data on Thursday that the economy shrank less than was initially reported in the spring.

www.foxbusiness.com

No. Recessions have nothing to do with economics.

And don't use the word "recession". If you do you'll scare people, they'll stop spending, and then we will be in a recession and it'll be all your fault.

Next question.

 

[BSC911]

3 months? Nope. Never has.

Derp. Never took Econ 101, I see.

 

[fatman76]

3 months? Nope. Never has.

Derp. Never took Econ 101, I see.

Montage Flashback: The Media Accidentally Destroy Biden Admin’s Attempt To Redefine A Recession

https://newsbusters.org/blogs/nb/bill-dagostino/2022/07/25/watch-media-accidentally-destroy-biden-admins-desperate-attempt

rumble.com

 

[BSC911]

Montage Flashback: The Media Accidentally Destroy Biden Admin’s Attempt To Redefine A Recession

https://newsbusters.org/blogs/nb/bill-dagostino/2022/07/25/watch-media-accidentally-destroy-biden-admins-desperate-attempt

rumble.com

Believe me,there is nothing you can teach me about economics.

BTW,, as even YOUR link shows, a popular definition of a recession is TWO QUARTERS of GDP a decline, not THREE MONTHS as the OP indicated. There are exceptions, of course.

I swear it’s like talking to children on here sometimes.

And this is from the OPs link. You guys don’t even understand what you post.

With back-to-back declines in growth, the economy meets the technical criteria for a recession, which requires a "significant decline in economic activity that is spread across the economy and that lasts more than a few months." Still, the NBER — the semi-official arbiter — may not confirm it immediately as it typically waits up to a year to call it.

The NBER has also stressed that it relies on more data than GDP in determining whether there is a recession, such as unemployment and consumer spending, which remained strong in the first six months of the year. It also takes into consideration the depth of any decline in economic activity.

 

[nail1988]

Montage Flashback: The Media Accidentally Destroy Biden Admin’s Attempt To Redefine A Recession

https://newsbusters.org/blogs/nb/bill-dagostino/2022/07/25/watch-media-accidentally-destroy-biden-admins-desperate-attempt

rumble.com

New data confirms US is in a recession​

The Commerce Department revised the GDP numbers for the second quarter by +.3%, suggesting the economic contraction was slightly better than initially measured.


But that means the economy still shrank by 0.6% and confirms that we are in a recession.

 

[NavigatorII]

New data confirms US is in a recession​

The Commerce Department revised the GDP numbers for the second quarter by +.3%, suggesting the economic contraction was slightly better than initially measured.


But that means the economy still shrank by 0.6% and confirms that we are in a recession.

Aw gee, revised the numbers to "flatten the curve". Bless their hearts.

 

[BamaFan1137]

Believe me,there is nothing you can teach me about economics.

I believe this.

Of course that's more about your capacity to learn from others...but at least you're on to something here.

 

[NavigatorII]

I believe this.

Of course that's more about your capacity to learn from others...but at least you're on to something here.

I laughed my ass off at reading post #6. The Soy Cuck has ZERO common sense. Cap Ron asked a rhetorical question that actually reinforces we are in a recession. You don't like 2, how about 3?

Poor Soy Cuck.

Eye sea said the blind man. 😂

 

[fatman76]

Believe me,there is nothing you can teach me about economics.

BTW,, as even YOUR link shows, a popular definition of a recession is TWO QUARTERS of GDP a decline, not THREE MONTHS as the OP indicated. There are exceptions, of course.

I swear it’s like talking to children on here sometimes.

And this is from the OPs post. You guys don’t even understand what you post.

With back-to-back declines in growth, the economy meets the technical criteria for a recession, which requires a "significant decline in economic activity that is spread across the economy and that lasts more than a few months." Still, the NBER — the semi-official arbiter — may not confirm it immediately as it typically waits up to a year to call it.

The NBER has also stressed that it relies on more data than GDP in determining whether there is a recession, such as unemployment and consumer spending, which remained strong in the first six months of the year. It also takes into consideration the depth of any decline in economic activity.

The copy and paste here is the first time in history two quarters of retraction in a row wasn't deemed a recession.

They're changing the definition and you're so partisan you can't admit it.

If Trump was in office what would we be calling it?

 

[NavigatorII]

The copy and paste here is the first time in history two quarters of retraction in a row wasn't deemed a recession.

They're changing the definition and you're so partisan you can't admit it.

If Trump was in office what would we be calling it?

The Soy Boi would scream DEPRESSION! 😂

 

[Mdfgator]

more anti american BS from the Trumptards, we are not in a recession........yet.

 

[BSC911]

The copy and paste here is the first time in history two quarters of retraction in a row wasn't deemed a recession.

They're changing the definition and you're so partisan you can't admit it.

If Trump was in office what would we be calling it?

Who is ”they.” Some journalist? Your link is crap. The NBER hasn’t said one way or the other.

Either way, you’re just hung up on semantics. GDP is relatively flat. Employment and consumer spending is still strong. You are so desperate to call it a recession you are jizzing all over yourself. I don’t care what you call it.

BTW, the country was in an actual recession during the Trump administration.

 

[Mdfgator]

Who is ”they.” The NBER hasn’t said one way or the other.

Either way, you’re just hung up on semantics. GDP is relatively flat. Employment and consumer spending is still strong. I don’t care what you call it.

its not a recession, they will know when we are in one, its they that will suffer most.

 

[BSC911]

New data confirms US is in a recession​

The Commerce Department revised the GDP numbers for the second quarter by +.3%, suggesting the economic contraction was slightly better than initially measured.


But that means the economy still shrank by 0.6% and confirms that we are in a recession.

 

[NavigatorII]

 

[BayouGator1995]

BTW, the country was in an actual recession during the Trump administration.

Oh really Sunshine? I beg to differ......

 

[fatman76]

Who is ”they.” Some journalist? Your link is crap. The NBER hasn’t said one way or the other.

Either way, you’re just hung up on semantics. GDP is relatively flat. Employment and consumer spending is still strong. You are so desperate to call it a recession you are jizzing all over yourself. I don’t care what you call it.

BTW, the country was in an actual recession during the Trump administration.

Really? Blaming economic fallout from Covid on Trump again?

Your liberal bias is showing. Might want to tuck that in.

And you know you’re FOS on the definition of a recession. Every single time in history two quarters in a row retracted economists called it a recession. You know this is true and you know their changing the definition to spin for Biden as we’re now in the third quarter of economic retraction with a WIDE OPEN economy.

And being the Econ expert you are you know that the unemployment rate isn’t the whole story - Laborforce participation rate is in the toilet, inflation is rampant and economic production is down. This isn’t a healthy and thriving economy, and Biden has no excuses.

 

[NavigatorII]

Really? Blaming economic fallout from Covid on Trump again?

Your liberal bias is showing. Might want to tuck that in.

And you know you’re FOS on the definition of a recession. Every single time in history two quarters in a row retracted economists called it a recession. You know this is true and you know their changing the definition to spin for Biden as we’re now in the third quarter of economic retraction with a WIDE OPEN economy.

And being the Econ expert you are you know that the unemployment rate isn’t the whole story - Laborforce participation rate is in the toilet, inflation is rampant and economic production is down. This isn’t a healthy and thriving economy, and Biden has no excuses.

To be fair, the Soy Cuck drag queen doesn't have much to tuck. 😂

 

[BSC911]

Oh really Sunshine? I beg to differ......

Well, you would be wrong. Sorry if that hurts.

 

[BayouGator1995]

Well, you would be wrong. Sorry if that hurts.

Actually I am quite accurate. You're the butt-hurt guy who winced at those legitimate Trump achievements. Did it feel like holy water stinging you?😁

 

[BayouGator1995]

To be fair, the Soy Cuck drag queen doesn't have much to tuck. 😂

Of course not, @BSC911 has been entertaining thoughts of becoming like this......

 

[NavigatorII]

Of course not, @BSC911 has been entertaining thoughts of becoming like this......

To be fair, that's the Soy Cuck's alpha sock. 😂

 

[Timmer5]

Funny how the Tards just make up sh*t about Recession/Non recession to fit their agenda. Everyone knows what is considered a recession--even the boards Mr Economics Pedo fan. Dont you Tards get tired of constantly changing the rules and terminology just to fit your agendas? You still look and sound just as stupid, so you may as well save yourself the time of doing it.

 

[NavigatorII]

Funny how the Tards just make up sh*t about Recession/Non recession to fit their agenda. Everyone knows what is considered a recession--even the boards Mr Economics Pedo fan. Dont you Tards get tired of constantly changing the rules and terminology just to fit your agendas? You still look and sound just as stupid, so you may as well save yourself the time of doing it.

Bro, you are new here! Stick around! There's more! 😂

 

[BSC911]

I believe this.

Of course that's more about your capacity to learn from others...but at least you're on to something here.

Really? Blaming economic fallout from Covid on Trump again?

Your liberal bias is showing. Might want to tuck that in.

And you know you’re FOS on the definition of a recession. Every single time in history two quarters in a row retracted economists called it a recession. You know this is true and you know their changing the definition to spin for Biden as we’re now in the third quarter of economic retraction with a WIDE OPEN economy.

And being the Econ expert you are you know that the unemployment rate isn’t the whole story - Laborforce participation rate is in the toilet, inflation is rampant and economic production is down. This isn’t a healthy and thriving economy, and Biden has no excuses.

So much fail in this post I don’t have the time or patience to respond.

 

[jfegaly]

Recession is here. Thanks Pedo Peter. Man, pedo peter is a complete disaster.

STOCK MARKET NEWS: Fed’s Powell drives Dow down 1,000 points in end to rocky week

Fed Chairman Jerome Powell updates investors on the battle against inflation, in takeover news Electronic Arts may be in play and stock investors are winding down what may be a losing week.

www.foxbusiness.com

 

[fatman76]

So much fail in this post I don’t have the time or patience to respond.

You misspelled “good point, I’m being ignorant and partisan”.

 

[Sunburnt Indian]

Believe me,there is nothing you can teach me about economics.

Believe us. We get it. NavigatorII has wasted hours trying.

 

[DCandtheUTBand]

I heard Powell is still going to raise rates even though we are in a recession. Crazy.

Too bad we do not have a conservative at the FED I would be talking about the need to unleash oil and gas, lower spending and taxes to fight off this inflation. I would tell congress and the prez to get with it or I am going to raise rates to 10% and they will be busy paying interest on the debt, bringing in 100,000 national guard troops to DC and not spending money on anything else.

 

[NavigatorII]

I heard Powell is still going to raise rates even though we are in a recession. Crazy.

Too bad we do not have a conservative at the FED I would be talking about the need to unleash oil and gas, lower spending and taxes to fight off this inflation. I would tell congress and the prez to get with it or I am going to raise rates to 10% and they will be busy paying interest on the debt, bringing in 100,000 national guard troops to DC and not spending money on anything else.

How can the Fed NOT raise rates when the Dimtards keep lighting fires in Treasury? We are being squeezed by rampant inflation, rampant .Gov spending all while Pedo Peter does his best to destroy our energy sources. It almost looks planned................

Oh wait. Pedo Peter promised these things.

 

[GatorshimesSubParMember]

How about it snowflakes/commies? Want to try to spin THIS?

GDP shrank at revised 0.6% rate in second quarter, signaling US remains in technical recession

The Commerce Department said in its second reading of second-quarter GDP data on Thursday that the economy shrank less than was initially reported in the spring.

www.foxbusiness.com

no because three months is 1 quarter.

 

[kalimgoodman]

New data confirms US is in a recession​

The Commerce Department revised the GDP numbers for the second quarter by +.3%, suggesting the economic contraction was slightly better than initially measured.


But that means the economy still shrank by 0.6% and confirms that we are in a recession.

Still in a recession?

 

[BSC911]

Still in a recession?

He and the other Trumpers so desperately want it, but now are forced to realize it isn’t happening and have therefore moved on to other things, like the strong housing market.

They were much happier when we were in an actual recession and housing prices were dropping and oil futures went negative.

 

[kalimgoodman]

He and the other Trumpers so desperately want it, but now are forced to realize it isn’t happening and have therefore moved on to other things, like the strong housing market.

They were much happier when we were in an actual recession and housing prices were dropping and oil futures went negative.

SO true, now the focus is on the housing market. They just want bad for country, all for political reasons. It's really sad.

 

[Mdfgator]

another monkey showing off is idiocy... nice work @Capt Ron 1