Posted on 07/26/2022 1:42:50 PM PDT by Oldeconomybuyer
Recession has arrived when you look at the steak cuts in Walmart and then decide, “I haven’t had SPAM in a while - Good ole SPAM.”
Economic statistics become worthless during a period of high inflation—unless the numbers are deflated by the amount of inflation during the period.
So—if the economy “grows” by 5% but the inflation rate is 10%, the economy actually shrunk by 5%.
This is how .gov can play stupid games with definition of a recession.
The economy has not grown by 10% in the past twelve months.
We are in a recession now.
Easy Peasy.
A recession is when the party in power loses more jobs than the party not in power.
It is interesting that I have been a news hound, an Economics Major in college, and lived seven decades and it is only now, when Biden is faced with disaster that I have come across someone insisting the GDI index over rules the GDP in this matter. I wonder who it writing this? The Associated Press? Urinalist Central for the Progressive Leftist wrote this now? I wonder why?
“A recovery is when Brandon loses his (job).”
LOL!!!
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