Posted on 06/14/2022 2:30:41 PM PDT by blam
Rumors is they will rate gdp at .9% for 2qtr so they can say we avoided a recession but later revise it back down after the election.
Economics remains the Dismal Science, especially with the current crop of Economists in charge.
Bringing back Peter Navarro would be a good start.
Hope is not a strategy
Im in frugality mode as well. I am sure there are plenty households doing the same.
If Bernanke is saying this, it means we’re definitely in for a recession and no “soft landing”.
Simple, for those that wish to see...
The only reason we didn’t enter depression territory during the bush market crash is due directly to the actions taken by Bernanke...
The problem started after fubo replaced him and kept the printing presses cranked up...
Then President Trump decided to keep the presses rolling...
The bush crash has never fully played itself out.
The last 2 presidents had a chance to bring us in for a soft landing.
The last 2 presidents failed to do so...
Now, we pay the price
CNN has a full year of shitty predictions. Wrong, wrong, and wrong. On gas, inflation, stocks, etc. All in hopes in turning the dim party around. Hope is not reality.
Correct
Sounds about as certain about this as anything else he has ever said.
The recession has begun. I can see it on the highway in front of the farm. Town is dead. No nonessential movement.
The truth is that it’s a binary choice:
End inflation and cause a deflationary collapse of enormous proportion.
Or, kick the can down the road as far as they can...another year or two.
They’ll kick the can.
.
This afternoon I made (yet another) decent expansion to this
year's vegetable garden. One more modest effort this weekend
will put my garden at roughly twice the size it was last year.
So we surely would not starve to death this summer - if only we
were rabbits.
But alas, we are not...
He's always been a dumbass. Recession is already here and Americans who have to buy gas and groceries already know it.
Lie, and manipulate the numbers..................
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