Posted on 07/28/2022 5:32:21 AM PDT by Red in Blue PA
Gross domestic product was expected to increase 0.3% in the second quarter, according to Dow Jones estimates.
(Excerpt) Read more at cnbc.com ...
If they hadn’t cooked the books for the last 20 years, it would say we’ve been in a recession nonstop since 9/11.
That is/was the definition of recession.
I didn’t believe negative forecasts with inventory levels. I was wrong
We sell to the manufacturing (Chemical industry) and we are DEAD!! It is so slow——Yet our stupid owners voted for this crap and they’re complaining that it’s our fault we aren’t selling.
I really despise these dumb people because now we’re feeling the hurt-—35 years and it’s the slowest I have seen it since 2016 under Obama.
This cant be true, Biden got 81,000,000 votes
Shame on the Bush League Republicans that assisted the Democrats with the Big Steal.
I gotta admit, I did my part this last quarter with purchases of ammo, guns and gun parts.
Still wants enough to tip the economy positive.
Wants=wasn’t
So, is this the Biden Recession? Biden-Harris Recession?
Brandon got 81,000,000 votes.....and the moon is made of cheese.
It’s what they teach in every business school.
And even this somewhat negative number was “cooked”, to seem to have less impact. The real number probably exceeded the number from the first quarter, which was also “cooked” to lessen its impact.
We are so screwed. With the recent increase in the basic lending rate, all the indications for a depression are now in place. Stagflation, falling real employment, a supply chain that is seemingly so broken it cannot be easily fixed, solid industrial production and processing also full of falling numbers, and current regime now occupying the Oval Office trying to spin all this as “positive”.
When pigs fly.
Oh, the stooges in the media have already been spinning like dervishes. Just like changing the way inflation and unemployment is tallied, look for a new more slight of hand way to pooh pooh this to avoid the blame. DC is very good at this.
All those highly paid “economists” who predicted wrong need to be fired. Just what do “economists” do anyway to justify their existence? Seems to me they’re paid to mouth whatever the administration wants them to say.
Re: DC is very good at this
No they aren’t.
They think they are in their media bubble, but they are not good at this in the least.
There is so much pretending going on it is hard to keep up. So many lies and distortions. The emperor may be stark naked but if the media reports only on the beauty of his clothing and cancels you for saying you see his ass...remember back when the mooch was considered one of the most well dressed and beautiful in the world? That had a little more credibility than Biden getting 81 million votes.
Inflation? Not to worry. Congress is about to pass a $700 billion climate change bill. More spending with borrowed money at higher interest rates. Currently, we are spending annually $350 billion a year on debt servicing costs.
If I remember correctly they were saying it was a recession when the positive GDP numbers were declining (e.g. 3.4%, 2.8%, 2.0% etc.)
I remember arguing with a coworker over this and explaining to this person how a recession is defined. It was like talking to a wall.
Goldman Saxhs predicted positive 1%.
They probably get paid millions for that.
What a joke.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.