[Red in Blue PA]

It's official. We are in a recession. No way to spin this.

[ScottinVA]

And there it is... we are officially in a recession.

[circlecity]

It’s not a recession “signal” - it’s the definition of a recession.

[Red in Blue PA]

Goldman Sachs economists boosted their gross domestic product forecast to 1% from 0.4% after the data.

https://www.cnbc.com/2022/07/27/us-economy-probably-barely-grew-last-quarter-and-may-have-contracted.html

Fire those forecasters.

[Houserino]

“strong signal”...

Like saying stage 4 pancreatic cancer is a ‘strong signal’ of a problem.

[montag813]

Moody’s nailed it. Forecast was -1.0%. Data was -0.9%.

[cdcdawg]

I remember back in the Bush years when the media was trying to say we were in a recession before there had been one quarter in the negative. Now, two won’t do it. Their propaganda isn’t going to be enough to save Brandon and his merry band of losers.

[CatOwner]

Is it a “recession” if the White House and the MSM don’t call it one? There’s reality, which is no way resembles what’s being fed to a majority in this country.

[escapefromboston]

Signal ?

[griswold3]

NBER asks is it Prolonged, Pronounced and Pervasive?

[ClearCase_guy]

If a tree falls in the forest, does it make a sound if the media refuses to hear it?

[hinckley buzzard]

The party says two negative quarters no longer signals a recession. Try to keep up, citizen.

[A_Former_Democrat]

Not down just 0.1 percent

Not down just 0.3 percent

Not up just 0.1 percent

Down 0.9 percent

Atta boy PedoJoe Shame on you people who voted for this POS, especially you white suburbanites Screw you

[Lurkinanloomin]

That is/was the definition of recession.

[mikelets456]

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.

[Reno89519]

So, is this the Biden Recession? Biden-Harris Recession?

[4Liberty]

[hardspunned]

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.

[I want the USA back]

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.

[OKSooner]

It’s not a recession, it’s a transition. /S

[abb]

Unexpectedly!!!!