GDPNow - Q2 final GDP Estimate: -1.2%

Atlanta Federal Reserve ^ | July 27, 2022 | Atlanta Federal Reserve

[ConservativeInPA]

Final 2Q estimate from GDPNow: -1.2%

[ConservativeInPA]

Stay tuned for the first official Q2 GDP figure tomorrow and rate hikes later today.

[Uncle Miltie]

An extremely accurate forecasting tool / technique.

Brace for formal recession tomorrow.

[MinorityRepublican]

So did that include 9.1% inflation?

[meyer]

Good thing Biden’s puppets (a puppet himself) are changing the definition of “recession”.

[C210N]

Rate hike announcements not made just prior to the wall street opening?

I’m wagering for a full 1% (100 basis points).

[Erik Latranyi]

Brace for formal recession tomorrow.

But, but, but that is not how the start of a recession is officially determined!!!!

LOL

[ClearCase_guy]

You can’t make an omelette without breaking a few eggs.
And you can’t have a recession if they keep changing the definition.

[USS Alaska]

Stay tuned for the first official Q2 GDP figure tomorrow and rate hikes later today

No matter, if you can change the definition of woman, you can certainly change the definition of 'recession'.

We know, and we know that they don't care that we know.

Peons don't matter, only BLM.

[Deo volente]

White House: Well, we really don’t know what the word “recession” means. The way we see it, the economy is doing just great. Nothing to see here, move along.

[shotgun]

The economy is just transitioning. Think in terms of going from a man to having you man parts removed. You get rid of what once worked to something that will never, ever work again.

[M Kehoe]

It’s not a recession if Marie Jean Pierre says it’s not.

LOL.

Let’s go Brandon.

5.56mm

[VTenigma]

Just don’t call it a recession. You’ll be cancelled and sent to the wilderness.

[ActresponsiblyinVA]

At least the border is secure.

[DAC21]

Deep State Stooge yenta Yellen just said last weekend that we weren’t in a recession, how can this be?

[Flick Lives]

But, but, but that is not how the start of a recession is officially determined!!!!

—

Adding to the list of things we no longer can define.

What is a recession?
What is a woman?

[dfwgator]

"At least the border is secure."

[ReaganGeneration2]

[wny]

to be later revised downward I’m sure....

[hanamizu]

No matter, if you can change the definition of woman, you can certainly change the definition of ‘recession’.

---

Good point. But I think we’ve learned that ‘woman’ is pretty much impossible to define, as is, of course ‘recession’. We must depend on government experts to explain these complex ideas for us in terms we simpletons can understand.

The economy is currently in ‘transition’. Yeah, transition, that’s the ticket.

[TN4Trump]

Is the GDP indexed for inflation? If the GDP growth is 0 but inflation is 10% - is the real GDP -10%?