haha yes that’s it there is no data showing gdp is negative again, snd thst inflation. is 9.1 and that interest rates are rising or the stock market is in crisisYou don’t have data, do you.
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haha yes that’s it there is no data showing gdp is negative again, snd thst inflation. is 9.1 and that interest rates are rising or the stock market is in crisisYou don’t have data, do you.
Which of those do you think is relevant to declaring a recession?haha yes that’s it there is no data showing gdp is negative again, snd thst inflation. is 9.1 and that interest rates are rising or the stock market is in crisis
all of it are things to consider along with gdpWhich of those do you think is relevant to declaring a recession?
It’s not inflation. It’s not interest rates. It’s not the stock market.
PCE is up. GDI is up. Employment is up. These are factors that are actually relevant.
Real GDI is up.all of it are things to consider along with gdp
gdi means nothing when everyone income is being eaten up by 9.1 inflation
and PCE has drastically slowed
PCE has slowed drastically due to the economyReal GDI is up.
PCE is up. Not negative.
Stock market is not the economy. Interest rates are driven by the Fed, not the economy. Inflation is already taken into account in everything else.
That’s why the NBER doesn’t list them as factors to consider. But you’re more of an expert, right?
The NBER statement lists factors to be considered. None of them are what you listed nor would it make sense to consider Fed rates to an economic indicator.PCE has slowed drastically due to the economy
the fed raises or lowers rates as a response to the economy
and how do you know they don’t consider those factors? they didn’t say they didn’t
GDI is going to be up because inflation is driving it, the problem is it can’t keep up with xiden’s inflation and thus is all eaten up
they specifically say there are other indicators and factorsThe NBER statement lists factors to be considered. None of them are what you listed nor would it make sense to consider Fed rates to an economic indicator.
PCE is up. It’s not negative. You said demand was down. We just don’t see it.
Real GDI is corrected for inflation. So is real GDP. Actual dollar GDP is up like 7%.
Gas prices going down is not the same as saying demand is down. You are making flimsy assumptions.they specifically say there are other indicators and factors
yes we see demand is down…look at the price of gas dropped
real consumer spending only increase .1 for last month.
i am not making the assumptionsGas prices going down is not the same as saying demand is down. You are making flimsy assumptions.
Interest rates are not economic activity. It makes no sense to include it.
Most of the factors they do include are up. Not down. Industrial production is up over the last 6 months. Employment is up.
You assume drop in gas prices is due to drop in demand. Bad assumption.i am not making the assumptions
interest rates don’t impact economic activity??? hahaha yeah sorry pal you really can’t be serious
a
total IPI moved down .2 percent in june
1) it’s not an assumption it’s a factYou assume drop in gas prices is due to drop in demand. Bad assumption.
I didn’t say interest rates don’t impact economic activity. You misquoted me. You need better reading comprehension.
One month decrease in IPI is not a recession. IPI is up like 2% over the course of this alleged recession.
You don’t get to call an assumption a fact. It’s an assumption. You provided no data about gas consumption. Very dishonest.1) it’s not an assumption it’s a fact
2) yes you did
3) nope but it’s one of the factors and shows 1) you were wrong 2) that demand has slowed
like i said we were likely in a recession long before the second qtr negative economic growth numbers were reported
1) i’m not you are calling a fact an assumptionYou don’t get to call an assumption a fact. It’s an assumption. You provided no data about gas consumption. Very dishonest.
I didn’t. I said that interest rates aren’t economic activity. You changed my words. Very dishonest.
IPI went down a tiny amount in one month. I guess it’s a recession then. Very dishonest.
You are just making crap up now.
Yeah, you’re dishonest and won’t listen to anything I have to say anyway.1) i’m not you are calling a fact an assumption
2) yes it is economic activity and directly impacts it
3) wait…you are the one that said it was up…i showed you were lying and. now i’m the dishonest one?
hahah
the demand for gas dropped to 8.06 million barrels a day last week…it hasn’t been thar low since 1996Yeah, you’re dishonest and won’t listen to anything I have to say anyway.
It’s not a recession. Not yet. That’s a fact.
Oh lord. You just declared the “deep” recession is now just a month old?the demand for gas dropped to 8.06 million barrels a day last week…it hasn’t been thar low since 1996
you have no clue, i listen to what you say and that’s how i know that
it’s a recession…likely been one for at least a month…i know you and xiden want to try and spin it but it is
yes..it’s not “deep” - not yet anywayOh lord. You just declared the “deep” recession is now just a month old?
You’re a joke.
You already declared it a deep recession.yes..it’s not “deep” - not yet anyway
Nobody wants a recession…Don’t be silly.Wikipedia and the Biden administration are accurate.
Some people are upset by this because they desperately want a recession.
i said a recession. it’s likely going to get deepYou already declared it a deep recession.
Like I said, you’re a joke.