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We are in Recession.
American Thinker ^ | 06/26/2014 | Joseph Gestetner

Posted on 06/26/2014 6:31:19 AM PDT by SeekAndFind

The economy is in a recession in effect if one quarter GDP (Gross Domestic Product/economic activity) wipes out the gains of the previous quarter. You do not need officially two consecutive quarters of a flat or minus GDP headline to be called a recession. Instead, as occurred in Q1 (first quarter of) 2008, one quarter GDP was so bad that it wiped out the weak gains of the previous quarter (Q4 2007). Result? The official start of the last recession was Q4 2007 despite the fact that only one quarter was in a minus.

Well, Q1 of 2014 wiped out the gains of Q4 2013, which means we are in a recession and it started Q4 2013.

In Q2 2008, the GDP rose at an annual rate of 2% but it did not end the recession, because jointly with the first quarter of 2008, the economy was still flat and or contracting for six months.

For this recession to end quickly, Q2 2014 GDP needs to add to the economy the $118 billion that was wiped-pout in Q1. That would be a GDP headline of about/above 3%.

The first estimate for Q2 GDP will be released at the end of July, then revised at the end of August, and the final number will be released at the end of September. But even if the late July estimate of Q2 will show a 3% annual growth rate, do not buy it from this administration. Look how the Q1 GDP estimates changed: 0.1% growth in the first estimate (late April); to -1.0% in the second estimate (late May), to 2.9% in the last (late June) estimate.

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: recession
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1 posted on 06/26/2014 6:31:19 AM PDT by SeekAndFind
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To: SeekAndFind

Huh?

You mean we HADN’T already been?

This will be real good for the midterm elections.


2 posted on 06/26/2014 6:33:15 AM PDT by lightman (O Lord, save Thy people and bless Thine inheritance, giving to Thy Church vict'ry o'er Her enemies.)
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To: SeekAndFind

After reading that, it sounded like a traveling salesman just came to my door ... LOL ...


3 posted on 06/26/2014 6:33:27 AM PDT by Star Traveler (Remember to keep the Messiah of Israel in the One-World Government that we look forward to coming)
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To: SeekAndFind
"We are in Recession."

Nope we are in depression, been going on to long to be a recession.

4 posted on 06/26/2014 6:34:36 AM PDT by The_Republic_Of_Maine (Be kept informed on Maine's secession, sign up at freemaine@hushmail.com)
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To: SeekAndFind
But....the stock market keeps going up! Bad news is good news for the elite, because it means that interest rates on FDIC savings won't increase. "Quantitative Easing" will continue and that fake money will trickle upward to the elite. Thousands of new young uneducated foreign laborers just entered the US....what a great source for cheap labor!

That's the new economy. It is not a recession for the top 25% or so of the population. So, it's not a recession. Does anyone really think they care if the bottom 75% or so are on the brink of financial ruin? We don't count.

5 posted on 06/26/2014 6:39:15 AM PDT by grania
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To: SeekAndFind

We never got out of the last one.


6 posted on 06/26/2014 6:40:04 AM PDT by Dallas59 ("Remember me as you pass by, As you are now, so once was I, As I am now, so you will be")
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To: grania

I believe the stock market is going up, because Chinese investors can invest in America’s stock market, but China’s stock market is not likewise available to America’s investors.

Investment therefore moves to where it is possible to invest it.

The problem is, the money doesn’t actually do anything for America, because every American company invests in Asia.

So this is a temporary situation.

It will keep our stock market going up, even though that is only in my opinion because we are selling out our own stock market.


7 posted on 06/26/2014 6:43:31 AM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Cringing Negativism Network

Other reasons the market is up is there is no place else to go for gains and the fiat money pumping the economy (which only hides the real disaster) and low interest rates ensure that the Fed is financing the markets.....and banks.

House of cards. Every day the true condition is hidden makes the coming collapse inevitably worse.......


8 posted on 06/26/2014 6:47:29 AM PDT by Arlis
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To: Cringing Negativism Network
That FDIC interest situation is part of it. When Yeltsin just hinted that interest rates on savings should go up a little, there was a convenient stock market drop. Raising those interest rates to just 1% or so would deflate the stock market a bit.

I didn't know that Chinese and other foreign money in the stock market was such a big deal. So what we've got is a global economy posing as national economies in control of everything? That's even worse than cynical me has been envisioning. The globalist elite can pull the plug whenever they want?

9 posted on 06/26/2014 6:50:25 AM PDT by grania
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To: SeekAndFind

The idea that we ever recovered was pure BS. The stock market is NOT the economy any more. It is not a very good leading indicator for anything other than corporate entities and the stock trading class.


10 posted on 06/26/2014 6:56:54 AM PDT by RJS1950 (The democrats are the "enemies foreign and domestic" cited in the federal oath)
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To: grania

Take my comments as exactly that, comments on a public forum by an independent commentator.

I do not have specifics to back up my impression.

All I know is that China is rapidly generating huge amounts of money, which can move to where it is rewarded.

Internationally, America is an easy place to invest in. We have always been easy.

All I am saying is China is not easy to invest in.

I believe our market is being inflated by international money, which ends up invested internationally anyway.

All of this is the personal opinion of just one independent internet browser.

My .02


11 posted on 06/26/2014 6:57:28 AM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Cringing Negativism Network

Mine opinions are like yours, just impressions I develop trying to keep up on things. I enjoy your input immensely. Your insights make a lot of sense.


12 posted on 06/26/2014 7:05:47 AM PDT by grania
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To: Cringing Negativism Network

“I believe the stock market is going up, because Chinese investors can invest in America’s stock market, but China’s stock market is not likewise available to America’s investors.”

Every day layoffs are announced, the news always reports the positive impact on the companies’ stock. The stock market is going up because companies are reducing their labor costs to pennies on the dollar...


13 posted on 06/26/2014 7:32:28 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: SeekAndFind

We are in a DEPRESSION....

We are just so Deluded by the Propaganda from the News Protecting this guy that we have been misled to think it is just a Recession...


14 posted on 06/26/2014 7:40:00 AM PDT by GraceG (No, My Initials are not A.B.)
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To: SeekAndFind

I love how it takes almost a full quarter to make adjustments to the previous quarter. Couple that with the “strong labor markets” meme being put forth today.

How do you spell government? C-O-R-R-U-P-T


15 posted on 06/26/2014 7:41:12 AM PDT by Cyclone59 (Where are we going, and what's with the handbasket?)
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To: Cringing Negativism Network

We are being propped up by Fake Money and Bogus Propaganda, and the Fake Money will bust before the Propaganda is admitted to.... Thus we won’t have the Propaganda Bubble bust until LONG after the foundation od the house is completely missing...


16 posted on 06/26/2014 7:43:02 AM PDT by GraceG (No, My Initials are not A.B.)
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To: Star Traveler

We can expect some creative accounting on the second quarter’s results.
They will lie their collective asses off to avoid having to say the obvious;Obama is an abject failure.


17 posted on 06/26/2014 7:59:56 AM PDT by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: GraceG

You are looking at this all wrong. The economy actually grew by -2.9%. What this means is that more people will be free to pursue their dreams of becoming poets or artists.


18 posted on 06/26/2014 8:00:50 AM PDT by Vehmgericht
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To: SeekAndFind

Being in a recession used to be a big influence on elections.
But 2012 proved that the Entitlement Army is now large enough that it really doesn’t make much difference.

But it will be fun to watch the regime pundits squirm on tv. The stats are beyond the fudging point now.


19 posted on 06/26/2014 8:04:44 AM PDT by nascarnation (Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
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To: Vehmgericht

[ You are looking at this all wrong. The economy actually grew by -2.9%. What this means is that more people will be free to pursue their dreams of becoming poets or artists. ]

That is like saying you won the lottery when you took out a second and third mortage on your house...


20 posted on 06/26/2014 8:09:51 AM PDT by GraceG (No, My Initials are not A.B.)
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