If a recession is 2 consecutive quarters of negative GDP growth,we started the Biden recession yesterday, -1.4% in Q1 and -2.1% in Q2.

[protectionist]

/——/ I agree with you. They already missed once, the final numbers could be much worse.

Numbers are in Post # 256.

 

[Harpy Eagle]

And I was 100% correct, Dumbass.

yes, you got lucky.

 

[Ralph Norton]

A lie is a lie no matter the results. Claiming something you know you can't prove is a lie.

No, it is unproven.
Lie: say something that knowingly isn't true.
That is not the same as not being able to prove it.

 

[protectionist]

No, I said a recession was "going to happen", you said it was happening....before the actual data came out.

What matters is not what anybody said here, but that after Trump left us with good GDP scores, and Biden rode on that for over a year, his anti-fossil fuel idiocy has finally hit the fan, and we are seeing the results - a recession.

 

[CrusaderFrank]

You lie by pretending that I’m talking about biological sex when I was clearly talking about gender identity in which I also clarified yet you continue to pretend that I was talking about biological sex.

So a guy can identify has having given birth? Inner-estin

 

[protectionist]

NBER is American and has been around for over 100 years. So what’s this “all of a sudden” talk. And why haven't you address the points they make in their definition?

Their definition is the same as a recession being 2 consecutive quarters of negative GDP growth.

"a recurring period of decline in total output, income, employment, and trade, usually lasting from six months to a year, and marked by widespread contractions in many sectors of the economy."

,,,,for those who may be economics challenged, 2 quarters is 6 months.

 

[Nostra]

yes, you got lucky.

Once again those critical thinking skills has your pea brain befuddled.

Quote my lie, Simp.

 

[protectionist]

Once again those critical thinking skills has your pea brain befuddled.

Quote my lie, Simp.

Everybody here should quit yammering about lying, and get on the TOPIC of the BIDEN RECESSION. The RECEDING downward of GDP growth.

 

[Slade3200]

So a guy can identify has having given birth? Inner-estin

Haha, wow, you’re really clueless in the conversation aren’t you? No a guy can’t identify as given birth. A girl can identify as a guy and give birth though

 

[Slade3200]

Their definition is the same as a recession being 2 consecutive quarters of negative GDP growth.

"a recurring period of decline in total output, income, employment, and trade, usually lasting from six months to a year, and marked by widespread contractions in many sectors of the economy."

,,,,for those who may be economics challenged, 2 quarters is 6 months.

A committee within the National Bureau of Economic Research (NBER), a nonprofit research organization that’s not affiliated with the federal government, determines when the U.S. economy has entered into a recession.
A recession is defined by the NBER as a “significant decline in economic activity spread across the economy, lasting more than a few months.” The organization takes into account many factors, including GDP, real income, employment, industrial production, and consumer spending, in its determination.
Though people often cite two consecutive quarters of GDP decline as the definition of a recession, and countries like Great Britain use this designation, it is not an “official designation” in the U.S., according to the Bureau of Economic Analysis, an independent, federal statistical agency.

 

[Faun]

Quote my false statement, Simp.

On Tuesday, the 28th, two days before the BEA publicly announced second quarter GDP, you declared it was negative...

"Quick question: Are we in a recession now that we have 2 consecutive quarters of negative GDP?"​

 

[Faun]

Claiming something you know you can't prove is a lie.

1. I provided the definition of a lie and that ain't in it, Simp.

2. What I said was proven to be 100% correct.

That by chance, it turned out that way, doesn't mean you didn't lie by expressing something not known at the time you said it.

Man, you really love getting your ass kicked, dontcha?

LOL

Wishes the forum's glutton for punishment.

 

[CrusaderFrank]

Haha, wow, you’re really clueless in the conversation aren’t you? No a guy can’t identify as given birth. A girl can identify as a guy and give birth though

Guys can give birth? I had no idea!

 

[Faun]

OH, I thought he was trying to prove that you once told the truth.

Who can prove that?

 

[Faun]

No, it is unproven.
Lie: say something that knowingly isn't true.
That is not the same as not being able to prove it.

How does one know something unknown is true?

 

[protectionist]

A committee within the National Bureau of Economic Research (NBER), a nonprofit research organization that’s not affiliated with the federal government, determines when the U.S. economy has entered into a recession.
A recession is defined by the NBER as a “significant decline in economic activity spread across the economy, lasting more than a few months.” The organization takes into account many factors, including GDP, real income, employment, industrial production, and consumer spending, in its determination.
Though people often cite two consecutive quarters of GDP decline as the definition of a recession, and countries like Great Britain use this designation, it is not an “official designation” in the U.S., according to the Bureau of Economic Analysis, an independent, federal statistical agency.

All you did, after quoting my post, is REPEAT the exact same words that I posted in my post, that you quoted. Nothing is changed .

As I said the NBER's definition of recession is the same as 2 (or more) consecutive quarters of RECEDING (reducing) GDP #s. So by their definition, we're in a recession, and if one is adept at handling the English language, all they need is a dictionary (not the NBER) to define recession (the act of receding).

recession​

noun (1)

re·ces·sion | \ ri-ˈse-shən \

Definition of recession​

(Entry 1 of 2)
1: the act or action of receding : WITHDRAWAL

Definition of RECESSION

the act or action of receding : withdrawal; a period of significantly reduced general economic activity that is marked especially by declines in employment and production and that lasts more than a few months… See the full definition

www.merriam-webster.com

 

[protectionist]

Who can prove that?

Maybe nobody.

 

[Faun]

Their definition is the same as a recession being 2 consecutive quarters of negative GDP growth.

"a recurring period of decline in total output, income, employment, and trade, usually lasting from six months to a year, and marked by widespread contractions in many sectors of the economy."

,,,,for those who may be economics challenged, 2 quarters is 6 months.

LOLOLOL

Yeah, that economics challenged poster would be Nostra, the forum jester who actually thought 2 quarters equaled 8 months...

WTF? You really do suck at math, Simp.

A quarter and a half is 6 months.

Let me help you out, Punk.

1 Quarter = 4 months
Half a quarter = 2 months.

Here is where it gets tricky for a Simp like you: 4 +2 = 6 months.

Holy shit you are stupid.

​

 

[Faun]

Maybe nobody.

Could very well be.

 

[Ralph Norton]

How does one know something unknown is true?

You can't, nor can you know it is UNTRUE.
Thus making a statement about an unknown can only be UNPROVEN, not a "lie" (or "true").