We're In A Recession......Two Quarters Of Negative Growth Is Official

[Harpy Eagle]

The 10 types of trolls you'll spot in the wild.
Here are the ten types you'll probably come across in the wild.

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If you cannot answer the question, just say so. There is no shame in your ignorance, we are used to it.

 

[SassyIrishLass]

Good Lord she's a babbling idiot Yes it is the definition you dumbed down jackass

 

[ozro]

T

If you cannot answer the question, just say so. There is no shame in your ignorance, we are used to it.

TAke your own advice sir...

 

[Couchpotato]

I have said that like 10 times now.

How many more times do I need to say it to make you happy.

Yes, we are in a recession

Yes, we are in a recession

Yes, we are in a recession

Yes, we are in a recession

Yes, we are in a recession

Yes, we are in a recession

Yes, we are in a recession

10 Go.

 

[Harpy Eagle]

10 Go.

Yes, we are in a recession

Yes, we are in a recession

Yes, we are in a recession

Yes, we are in a recession

Yes, we are in a recession
Yes, we are in a recession

Yes, we are in a recession

Yes, we are in a recession

Yes, we are in a recession

Yes, we are in a recession

Happy now?

 

[Couchpotato]

Yes, we are in a recession

Yes, we are in a recession

Yes, we are in a recession

Yes, we are in a recession

Yes, we are in a recession
Yes, we are in a recession

Yes, we are in a recession

Yes, we are in a recession

Yes, we are in a recession

Yes, we are in a recession

Happy now?

Maybe 10 more.

 

[Couchpotato]

Yes, we are in a recession

Yes, we are in a recession

Yes, we are in a recession

Yes, we are in a recession

Yes, we are in a recession
Yes, we are in a recession

Yes, we are in a recession

Yes, we are in a recession

Yes, we are in a recession

Yes, we are in a recession

Happy now?

Can you admit that unemployment typically trails a recession? That recessions cause unemployment problems not the other way around?

 

[mudwhistle]

Inflation probably would have happened anyway.

Something systemic like that isn't achieved in a short time.

In fact it was building for a couple years during the pandemic panic and our fragile supply chain woes are in large part responsible

There's always a little inflation....but not almost 10%. The last time it was that high was under Jimmy Carter. A bag of coffee cost $9 in January....it now costs $19.

The reason we have so much inflation is because they spent so much in a short period of time....and because they've been stifling production of everything. They stopped using common-sense which caused an interruption of the supply chain. They intentionally cut of your ability to produce in America....and made us reliant on China and Russia who are our enemies.

 

[mudwhistle]

It doesn’t make sense. The economy is adding tons of jobs.

The economy isn't adding jobs.
The Blue states created openings by enforcing lock downs and vaccine mandates.
Once you're chronically unemployed (16-19 weeks) you aren't counted on the unemployment totals.
The lock downs lasted longer than that.
The lock downs caused the loss of 10 million jobs.....and we've only recovered 6 million of them.
That's a 40% net loss of jobs since 2019.

 

[struth]

How is asking a question "spin"?

If you cannot answer the question just say so and move on.

other the. losing a job??? how about all the things that come with employment…income, the ability to support yourself? what follows is poverty…hunger…more welfare, more dependence…geez you dembots are out of touch with reality

 

[Marener]

The economy isn't adding jobs.
The Blue states created openings by enforcing lock downs and vaccine mandates.
Once you're chronically unemployed (16-19 weeks) you aren't counted on the unemployment totals.
The lock downs lasted longer than that.
The lock downs caused the loss of 10 million jobs.....and we've only recovered 6 million of them.
That's a 40% net loss of jobs since 2019.

We added 372,000 jobs last month.

 

[theHawk]

So, we are now officially in a recession.

How will my life change today as compared to yesterday?

If one does not lose a job in a recession, how does the recession impact their daily lives?

Let the spin begin!

 

[jknowgood]

Not Mexico. All Biden has to do is go back to Trump's energy policies. Problem solved overnight.

 

[M14 Shooter]

That sucks. We just had a recession in 2020. Hopefully the revisions bring us out of it.

Isn’t it weird we have a recession with historically low unemployment? Doesn’t make any sense.

Unemployment is a lagging , not leading, indicator.

 

[Marener]

Unemployment is a lagging , not leading, indicator.

No it’s not. You always see massive job losses in a recession before you get to two consecutive quarters of negative GDP growth.

 

[Harpy Eagle]

Can you admit that unemployment typically trails a recession?

Yeah, that is the case. But the last couple we had we were not experiencing labor shortages when they started. All I am saying is that fact might help this one to not be as bad as far as UE goes

 

[Marener]

Yeah, that is the case. But the last couple we had we were not experiencing labor shortages when they started. All I am saying is that fact might help this one to not be as bad as far as UE goes

It’s pretty weird to be 6 months into a recession and having added 3 million jobs.

When was the last time you can say we 6 months into a recession and no seeing job losses?

GDP growth is a lagging indicator since it’s only released quarterly.

 

[Harpy Eagle]

It’s pretty weird to be 6 months into a recession and having added 3 million jobs.

When was the last time you can say we 6 months into a recession and no seeing job losses?

GDP growth is a lagging indicator since it’s only released quarterly.

You make a good point.

The Great Recession started officially in Dec of 07. We saw job losses in July and Aug of 07 as well as a steady start to them in Feb of 08 for going on for the next 20 plus months.

I think there is too much labor shortages now to see that kind of job loss in this recession.

 

[Harpy Eagle]

The 2000 recession job losses stated showing up 5 months before the recession officially started.

 

[Harpy Eagle]

The recession of 1990 job losses started the same month as the recession and there was a clear decline in the months leading up to it.