Well not everyone obviously. Politics aside, we were long overdue for this. I'm just looking forward to the price of shit going down. I had to put my in ground pool plans on hold because of rates and cost of materials and labor going up so quickly.
What happens in the future if we get a less-scrupulous, less-competent administration? I think people underestimate the real-world dangers of the increasing separation from reality that we're seeing on the right.
The media is showing why it has record low trust and views. If Donald Trump was president they would call it a recession or stagflation.
This is 100% truth. The odd part is everyone on this site knows it but won't call it like it is.They'd be calling it the first step of an inevitable great depression, while showing footage of starved people during the holocaust, and pondering if that is what the near future will look like, if Trump is allowed to keep running the country.
This is the craziest shit ive ever read. Well done.Well, analysts. Don't know what you think we're overdue for. We had crazy, unsustainably strong growth last year, so some retrenchment is to be expected. Inflation is kind of the opposite problem. Which I think illustrates the problem with the attempt to politicize everything. Like, OK, so you're mad about the other party being in the WH and you want to pretend there's a recession. Does that mean that policymakers should be reacting as if we're in a recession? Because that would entail trying to stimulate demand, which is the opposite of what we actually want to be doing (and the opposite of what is actually being done--note that monetary policy is in a tightening phase, and lawmakers just moved forward with some fiscal austerity). What happens in the future if we get a less-scrupulous, less-competent administration? I think people underestimate the real-world dangers of the increasing separation from reality that we're seeing on the right.
It’s only a recession or inflation when he’s not wrong about it happening. You can always count on a douche to bring vinegar and water to the equation, just takes a while to get the mix right after it’s been shaken up.This is the craziest shit ive ever read. Well done.
Sexual preference was changed to be derogatory within an hour of Senator MORONo saying it was during the ACB confirmation
Yes but biden got more votes than Obama so uts ok.The White House and Democrats are raising taxes. they announced that yesterday. Today or course we had the report that another quarter has resulted in negative growth. Since the Democrats do not want to be seen as raising taxes during a recession, they are changing the definition of recession.
Democrats’ $700B ‘Build Back Better’ Plan To Raise Taxes During A Recession Is A Political Death Wish
https://thefederalist.com/2022/07/2...e-for-recession-2010-obama-would-like-a-word/
As President Barack Obama once said, ‘You don’t raise taxes in a recession.’
Yup. Got my MBA from the U of M, work in financial services, and that's been the textbook definition used everywhere recessions have been discussed. They usually don't merit having a conniption fit unless the rate appears to trending in the wrong direction on the second consecutive quarter. The rate of growth this quarter is mildly increasing (q1 was -1.6% while q2 was -0.9%), even though the growth remains negative, meaning it technically is a recession but the economy is also technically trending upward.I was under the impression that it was a negative GDP growth in two quarters, like the OP. I'm sure that was taught in my MBA too.
As President Barack Obama once said, ‘You don’t raise taxes in a recession.’
Yup. Got my MBA from the U of M, work in financial services, and that's been the textbook definition used everywhere recessions have been discussed.
Yup. Got my MBA from the U of M, work in financial services, and that's been the textbook definition used everywhere recessions have been discussed. They usually don't merit having a conniption fit unless the rate appears to trending in the wrong direction on the second consecutive quarter. The rate of growth this quarter is mildly increasing (q1 was -1.6% while q2 was -0.9%), even though the growth remains negative, meaning it technically is a recession but the economy is also technically trending upward.
Tl;Dr; We're in a recession, just barely, in an economy that is improving (just barely).