Posted on 07/24/2022 8:31:50 AM PDT by knighthawk
Thank goodness Putin is bringing down the price if our gasoline at the pump.
Put a big, floppy sunhat on Janet and set her out in the garden.
July 27 or 28. The early Fed numbers show negative GDP for a second quarter. Official recession but the media will spin it or the Fed will make up a very low positive GDP the real quietly revise it to negative with no mention. My guess is the fed will claim a positive 0.3% then revise it to negative 0.8% a month later.
Not only that but RV plants in this area are starting to close. Some people consider the RV industry a leading indicator.
“July 27 or 28. The early Fed numbers show negative GDP for a second quarter. Official recession but the media will spin it or the Fed will make up a very low positive GDP the real quietly revise it to negative with no mention. My guess is the fed will claim a positive 0.3% then revise it to negative 0.8% a month later”
Yep, they take a second look then a final reading in the following months. I’d say your scenario is probably spot on.
Next week, after the 2nd Qtr GDP number is released, expect to see the media push the story that two negative GDP quarters is not the actual definition of a recession.
Sounds a lot like Fauci.
And one demented, strange old man who pretended to be a lady.
Pshaw. She did that ages (and, jobs) ago. She’s always been incompetent except for when she had that job that included the phrase, “you want fries with that?”
Red nose and big shoes.
All Janet needs.
I think it’s a pretty tall order for her to lie her ass off,
but she’s not going down without trying.
NEVER.
They've had it all handed to them on a silver plate.
A recession is "defined" as two consecutive quarters of negative economic growth {which will be officially announced this coming Thursday}, which is the reason that yellin and all the rest of them are trying to "redefine recession".
They will be saying things like, "Well, it's a 'technical recession'...but...".
Listen, if a female member of SCOTUS cannot define the word 'woman', how can the head of the fed define a recession?
A recession is too complex for the average American citizen to understand, dumb peon bastards.
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