We're now in a recession: US GDP shrinks 0.9% in second quarter

[Goukosan 2,249]

9 hours ago, Twinblade said:

 

You liberals really have no dignity whatsoever.

 

 

No dignity whatsoever. 

[Mr. Impossible 407]

4 hours ago, Goukosan said:

 

 

No dignity whatsoever. 

Lol the thing is everyone in our generation knows that Fox is corrupt. It's not debatable, yet people here are so desperate to be validated they are forced to use them as a source, as no semi reputable news source is willing to be so dishonest on purpose. 

[Goukosan 2,249]

On 2022-08-05 at 10:28 PM, Twinblade said:

 

You liberals really have no dignity whatsoever.

 

 

No dignity whatsoever. 

 

 

[Substatic 420]

Bumping this thread based off of a few newish reports to show how wrong it was and how badly Saucer/Twinblade got raped:

 

Jobs report December 2022: Nonfarm payrolls rose 223,000 in December, as strong jobs market tops expectations (cnbc.com)

Dow jumps 450 points Friday as latest U.S. data raises hope that inflation may be easing (cnbc.com)

Are We in a Recession? Not yet, but Experts Think We Could Be Headed for One in 2023. (businessinsider.com)

New Fed research flags rising risk of U.S. recession | Reuters

 

Economists are literally debating if we're finally heading towards a recession in 2023 or not. We were never already in one, this is a fact. This thread was made in July 2022 with Saucer and TB demonstrably lying and saying we were already in one. All while multiple people fact checked them with heavy citation telling them they were lying.

 

Retards going to retard and continue to get proven wrong on a purely objective level.

 

 

Edited January 6, 2023 by Substatic

[Mr. House 3,371]

11 minutes ago, Substatic said:

Bumping this thread based off of a few newish reports to show how wrong it was and how badly Saucer/Twinblade got raped:

 

Jobs report December 2022: Nonfarm payrolls rose 223,000 in December, as strong jobs market tops expectations (cnbc.com)

Dow jumps 450 points Friday as latest U.S. data raises hope that inflation may be easing (cnbc.com)

Are We in a Recession? Not yet, but Experts Think We Could Be Headed for One in 2023. (businessinsider.com)

New Fed research flags rising risk of U.S. recession | Reuters

 

Economists are literally debating if we're finally heading towards a recession in 2023 or not. We were never already in one, this is a fact. This thread was made in July 2022 with Saucer and TB demonstrably lying and saying we were already in one. All while multiple people fact checked them with heavy citation telling them they were lying.

 

Retards going to retard and continue to get proven wrong on a purely objective level.

 

 

They're debating it because they changed the definition, now apparently if the job market is doing good that means we can't be in a recession. Except it never worked that way. Two quarters of negative growth is text book definition of a recession. 

 

You now have people who works two jobs to make ends meet. Oh wow, the job market is doing so well. Yeah, no shit. Except you forgot that they're doing this out of economic desperation. 

 

Enjoy being poorer and living in denial, dumbo. 

[Substatic 420]

1 minute ago, Ramza said:

They're debating it because they changed the definition 

 

Bullshit. A recession was never declared by the NBER and economists are still debating one for 2023 because there never was one. TB and Saucer were fucking wrong and that's a fact going by every high fact source I can find on this.  Every major economist did not suddenly change their definition all of a sudden. 

 

There is absolutely NOTHING you can say to make those 2 posters anything but objectively wrong. 

Edited January 6, 2023 by Substatic

[Mr. House 3,371]

1 minute ago, Substatic said:

 

Bullshit. A recession was never declared by the NBER and economists are still debating one for 2023 because there never was one. TB and Saucer were fucking wrong and that's a fact going by every high fact source I can find on this.

re·ces·sion

[rəˈseSH(ə)n]

 

NOUN

1. a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters:

[Substatic 420]

17 minutes ago, Ramza said:

generally

 

Keyword: Generally.  Thank you for this.

 

The Oxford's and BEA Definition are more nuanced and thorough: Recession - Oxford Reference, Recession | U.S. Bureau of Economic Analysis (BEA)

 

 

Recession Fears: Are We (Unofficially) In A Recession Now? (forbes.com)

 

 

Quote

 

Recession: Not yet

The current economic indicators of a recession have yet to appear. Economists and financial experts are still debating a pending recession, but it may not be as long or as dire as initially predicted. A recession is still expected by most analysts in 2023.Dec 13, 2022

 

 

 

Economists disagree with you and are now currently debating if we're going to enter it in 2023. You ended up wrong on a purely objective level.  

 

You guys sure love to question reality on settled data. Vaccines, climate change, recessions. This makes debating quite easy. 

 

Quote

The bottom line:
Even though many economists are still predicting the US economy will enter a recession in 2023, there are some signs this might not happen. Fuel prices are falling, as are commodity prices. The costs of some daily necessities are slowly returning to their pre-inflationary price points, and the supply chain is returning to normal.

 

 

Take the L. 2022 isn't even debated anymore. It's about 2023. You 3 were fucking wrong.

 

This is like debating if climate change is real or not while everyone with a brain has actually moved on to what exact % humans contribute to it.

Edited January 6, 2023 by Substatic

[bhytre 2,753]

Money printer economy

[Mr. House 3,371]

58 minutes ago, Substatic said:

 

Keyword: Generally.  Thank you for this.

 

The Oxford's and BEA Definition are more nuanced and thorough: Recession - Oxford Reference, Recession | U.S. Bureau of Economic Analysis (BEA)

 

 

Recession Fears: Are We (Unofficially) In A Recession Now? (forbes.com)

 

 

 

 

Economists disagree with you and are now currently debating if we're going to enter it in 2023. You ended up wrong on a purely objective level.  

 

You guys sure love to question reality on settled data. Vaccines, climate change, recessions. This makes debating quite easy. 

 

 

 

Take the L. 2022 isn't even debated anymore. It's about 2023. You 3 were fucking wrong.

 

This is like debating if climate change is real or not while everyone with a brain has actually moved on to what exact % humans contribute to it.

Generally means it's the preferred method.

 

Yeah dawg, the economy was so doing so good in 2022. Nothing to see here.

 

Lol this sycophant just had to bring vaccines and climate change into this.

 

 

Edited January 6, 2023 by Ramza

[Substatic 420]

10 minutes ago, Ramza said:

Generally means it's the preferred method.

 

 

 

 

It's not the preferred method in US, nor is it always the main indicator. As shown by the NBER and BEA. And Oxford's dictionary explicitly mentions this:

 

 Recession - Oxford Reference, Recession | U.S. Bureau of Economic Analysis (BEA)

 

Furthermore, outside of randomly googled definitions, actual economists are debating if we're going to enter one in 2023. Not if we were in one in 2022, that ship sailed. We weren't. It's a finished debate. It's over. Done. We know.

 

Are We in a Recession? Not yet, but Experts Think We Could Be Headed for One in 2023. (businessinsider.com)

Recession Fears: Are We (Unofficially) In A Recession Now? (forbes.com)

Get ready for a 'slowcession' in 2023, Moody's says | CNN Business

Business Cycle Dating | NBER

Why everyone thinks a recession is coming in 2023 (cnbc.com)

The Economy Is Slowing, But Are We Heading For Recession? | Seeking Alpha

The jobs market is still healthy, but recession fears are rising : NPR

 

This thread flopped and the conservatives in it were wrong. Dead to rights. There is nothing more to it. This is a debate that was settled months ago. Why open yourself up to even more ridicule? Discuss 2023 in another thread if you want, but this one was burned down and Suacer was obliterated.

 

 

10 minutes ago, Ramza said:

 

 

Yeah dawg, the economy was so doing so good in 2022. Nothing to see here.

 

 

 

 

Straw-Man. Never said this.

 

10 minutes ago, Ramza said:

 

 

Lol this sycophants just had to bring vaccines and climate change into this.

 

 

 

Why did you call me a sycophant for merely agreeing with over 70% of economists, the NBER, and the BEA? That's actually cringe.

 

Also, It's called an analogy. Let me explain my use of it: Saying we were in a recession in 2022 is like saying climate change is fake and the vaccine doesn't work. Demonstrably false things which are not up for debate and make the person saying them open themselves up for easy ownage.

Edited January 6, 2023 by Substatic

[jehurey 3,227]

jobs report for april shows that we beat expectations.

 

And now have the lowest unemployment rate since 1969

 

I will repeat that again, the lowest unemployment rate in over 53 years.

 

Quote

Minneapolis CNN  — 

The US labor market that was poised for a spring cool just got a touch of heat.

The economy added 253,000 jobs in April, according to data released Friday by the Bureau of Labor Statistics. It’s a surprising increase at a time when many indicators were pointing to a slowdown in the job market.

The unemployment rate fell to 3.4% — matching a 53-year low hit in January — from 3.5% the month before. The labor force participation rate held steady at 62.6%.

 

Economists were expecting job growth to decline for the third consecutive month, 180,000 jobs to be added, and for the unemployment rate to increase to 3.6%, according to Refinitiv. Only three economists of the 87 polled by Refinitiv had projected job growth at or above 253,000.

 

Edited May 5, 2023 by jehurey

[Goukosan 2,249]

20 hours ago, jehurey said:

jobs report for april shows that we beat expectations.

 

And now have the lowest unemployment rate since 1969

 

I will repeat that again, the lowest unemployment rate in over 53 years.

 

 

 

Another record month on the Jobs report.  I remember when Twinblade didn't post immediately starting caring about the Job report on January 21st 2021....at no point before that did he care... But for some odd reason be started on thst date. 

 

Needless to say a few months later he stopped caring about once it was month after month of improvement. 

[Mr. House 3,371]

 

The majority of western countries are experience record low unemployment. 

 

This is what happens with an aging population. The new generation can't fill all the posts of the people who retire.

 

This is also one of the reason why western authorities are pushing for immigration. 

 

It's in no way an indication of a strong economy in that context. 

 

 

[Goukosan 2,249]

25 minutes ago, Ramza said:

 

The majority of western countries are experience record low unemployment. 

 

This is what happens with an aging population. The new generation can't fill all the posts of the people who retire.

 

This is also one of the reason why western authorities are pushing for immigration. 

 

It's in no way an indication of a strong economy in that context. 

 

 

 

The size of the U.S economy is now over 5 percent above its 2019 level. Core inflation in the United States is now lower than in many major advanced economies. The U.S. labor market recovery has been exceptionally strong.

 

US economy right now is doing 5.6% better than it's pre-pandemic levels, that coupled with record breaking Jobs numbers plus record low unemployment...

[Mr. House 3,371]

4 hours ago, Goukosan said:

 

The size of the U.S economy is now over 5 percent above its 2019 level. Core inflation in the United States is now lower than in many major advanced economies. The U.S. labor market recovery has been exceptionally strong.

 

US economy right now is doing 5.6% better than it's pre-pandemic levels, that coupled with record breaking Jobs numbers plus record low unemployment...

Lol, banks are failing, people can't pay their debts, record monetary inflation, prices of goods are up, interests rates are up, wages are not keeping up. The fact is you are poorer. 

 

Core inflation is not good anywhere right now. 

 

The US could experience growth in certain sectors but that doesn't equal a strong economy for everyone. 

 

And things will probably get worse before they improve again.

 

Anyone who think they're living under great economic times or suggest things are improving is fucking retarded. 

[Goukosan 2,249]

1 hour ago, Ramza said:

Lol, banks are failing, people can't pay their debts, record monetary inflation, prices of goods are up, interests rates are up, wages are not keeping up. The fact is you are poorer. 

 

Core inflation is not good anywhere right now. 

 

The US could experience growth in certain sectors but that doesn't equal a strong economy for everyone. 

 

And things will probably get worse before they improve again.

 

Anyone who think they're living under great economic times or suggest things are improving is fucking retarded. 

 

Can you actually bring something tangible for once and not simply talking points? 

 

According to data from the Federal Deposit Insurance Corporation, there were 15 bank failures from the time Trump took office in January 2017 to when he left office in January 2021. 

 

In 2 years under biden,  2 bank failures

 

 

So according to you great job numbers mean nothing, historically low unemployment means nothing, the US economy currently outperforming pre-pandemic levels means nothing, out performing the majority of the rest of the western world means nothing.... Lmfao......

 

If all those numbers were bad you would be harping on them.. But they're a good so apparently it doesn't mean anything and it doesn't count to you

 

 

 

Context is important retard, things are improving and bringing us back to pre pandemic normalcy... The impact the pandemic had on the global economy has to br factored in. 

 

Things have improved greatly since the height of the pandemic.  The deny that is beyond delusional. 

Edited May 10, 2023 by Goukosan

[Goukosan 2,249]

Another month another block buster jobs report.... Too much wining

 

Record low unemployment, block buster Jobs report and lowest inflation in all of G7. 

 

 

 

 

 

[Mr. House 3,371]

Great job, guys. This economy is killer, just look at this graph inflation rates in the G7... 

 

People are working two jobs and can't afford a home or feed their family. Look, them jobs numbers are looking great. 🤡

[Twinblade★ 3,892]

There's still a lot of shit thats expensive over, but its true that things are slowly improving. I noticed my 401K starting to bounce back which is nice.