The term "recession" has a definition. We are not in a recession. A recession is not about your feelings. Job also have nothing to do with defining a recession. Jobs typically go away during a recession, but a lack of jobs or an abundance of jobs doesn't signal anything with regard to recession.
Also, inflation is NOT "out of control." It is high. Gas has been coming down for weeks. The Fed is going to raise rates. Supply chain issues are being worked out. Pent-up demand is now lessening, and even the housing bubble is said to be about to burst. None of those things suggest that inflation is "out of control." You are quite the alarmist...well, really what you are is partisan and part of the GOP cult. Maybe you will come to your senses one day.
You are damned right that inlation has a definition and here it is:
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.
We find out tomorrow if we have been in a recession.
there are two definitions of 'recession' being used
1/ two straight quarters of neg GDP growth.
and
2/ officially, the National Bureau of Econ Research declares a recession's beginning and end.
Both are used often. Both have some truth to them. This time it's very possible that we get the first and not the second. Hard to imagine a recession with ultra-low 3.6% unemployment and skyrocketing tax receipts and record corporate profits, but we may get a second quarter of 'negative GDP growth.'
personally, I think post-pandemic data are mostly off in major ways. They just don't make any sense a lot of the time. So whatever we are seeing in the data is probably off by some material margin. Times are strange, gents.
The term "recession" has a definition. We are not in a recession. A recession is not about your feelings. Job also have nothing to do with defining a recession. Jobs typically go away during a recession, but a lack of jobs or an abundance of jobs doesn't signal anything with regard to recession.
Also, inflation is NOT "out of control." It is high. Gas has been coming down for weeks. The Fed is going to raise rates. Supply chain issues are being worked out. Pent-up demand is now lessening, and even the housing bubble is said to be about to burst. None of those things suggest that inflation is "out of control." You are quite the alarmist...well, really what you are is partisan and part of the GOP cult. Maybe you will come to your senses one day.
Yes, recession has a widely accepted definition that people close to the administration are already trying to distance themselves from.
And according to the Atlanta fed tracker, we are already in the midst of a recession. The AFT has been a reliable predictor over the years.
the atlanta fed tracker has not been accurate lately. in fact, the atlanta fed agrees its model has not been very good during the pandemic years.
Here, from its own website, describing the large errors it has made.
According to the U.S. Bureau of Economic Analysis (BEA), real gross domestic product (GDP) grew at an annualized rate of 6.4 percent in the first quarter of 2021, 1.5 percentage points below our final GDPNow model forecast. The size of this forecast error is large relative to GDPNow's prepandemic history but much smaller than the extremely large errors recorded last year. In short, the GDPNow model has struggled to accurately capture the unusual sources of variation in GDP caused by the COVID-19 pandemic and the various policy responses. The colored dashed lines in chart 1 show the evolution of GDPNow's forecast errors for each of the last five quarters. Unlike any of the four quarters of 2020, GDPNow's forecasts of real GDP growth last quarter was always within 5 percentage points of the BEA's first published estimate. Nevertheless, we can see that the GDPNow forecasts for GDP growth last quarter were still less accurate than before the pandemic.
She needs to be more concerned about . . . gas prices spiralling out of control . . . .
Well, gasoline prices have been spiraling downward for weeks now--but, though I agree that the drop in gas prices has been rapid (70 cents in six weeks?), I wouldn't characterize it as "out of control."
You are damned right that inlation has a definition and here it is:
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.
We find out tomorrow if we have been in a recession.
there are two definitions of 'recession' being used
1/ two straight quarters of neg GDP growth.
and
2/ officially, the National Bureau of Econ Research declares a recession's beginning and end.
Both are used often. Both have some truth to them. This time it's very possible that we get the first and not the second. Hard to imagine a recession with ultra-low 3.6% unemployment and skyrocketing tax receipts and record corporate profits, but we may get a second quarter of 'negative GDP growth.'
personally, I think post-pandemic data are mostly off in major ways. They just don't make any sense a lot of the time. So whatever we are seeing in the data is probably off by some material margin. Times are strange, gents.
JP Morgan today RAISED its estimate of 2Q GDP to a solidly positive number.
James Pethokoukis @JimPethokoukis 📈 JPMORGAN: "The were upside surprises across the GDP source data that were released at 8:30 this morning and as a result we are raising our forecast for 2Q real GDP growth from 0.7% to 1.4% saar."
Flagpole, I love going to church each Sunday because it reinforces my belief that everyone should be treated kindly. That just because someone disagrees with you doesn't mean that you should be angry with you. Allow everyone to have his or her views and be happy that everyone has the opportunity to express his or her views. Not sure which church you go to but when you insist on calling people who disagree with you "mother-f&ckers" it makes me question if th
3) I do not go to any church. I am not a believer in the Christian myth. Jesus was a cool guy and all (who never answered to "Jesus" in his life), but he was no deity and was not the Son of God as there is no God. Christianity in the United States has devolved in my lifetime into magical "take the Bible literally" nonsense, and it has gone from helping the poor and the needy to don't take what's mine and let's keep those foreigners and anyone who is different than me out of here. A person CAN use the tenets of Christianity to help guide their life in a positive way, but too often today, Christianity is used to separate people, to demonize people, to justify abhorrent behavior, to show NO grace. So, no thanks.
J. Christ killed a fruit tree once. He was also rude to His mother at the wedding where he did the water-wine trick.
As President Trump once said: "To WIN a war, you have to BE a war." We, as Americans, should apply that advice in all our business and personal affairs. America is the land of manifest bounty. The Founding Fathers were J. Christ like in their beliefs. They killed for freedom. Our freedom is our liberty. We must denounce the enemies of America, wherever they may fester, and trash their homes.
I aim to be the best Exalted Man there is. I'm well on my way.
New York Times opinion columnist Bret Stephens hammered President Biden's world leadership in a column on Tuesday and urged the president not to seek re-election.
Correction. It was a fig tree that J. Christ killed. Mark 11:12-25. He killed it in a dispute with the fig tree over bearing figs. It was out of fig season, which irritated and angered J. Christ, so he cursed the tree. It died, a victim of J. Christ.
"Truly I tell you, this generation will certainly not pass away until all these things have happened." -- Matthew 24:34 --
J. Christ said those prophetic words. J. Christ stood as tall a mountain and had hands of stone. He could summon great passion in the common man, a power he wields to this very day in HUGE churches across the great land of ours, where freedom rings from the highest of spires to the great plains of amber waves, our country is owned by the greatest men of American destiny. WE, and WE alone, shall never perish, but rather inherit more greatness and good Americans know that.
First, there isn't that much difference between "harsh and insulting" and "insulting, cruel, and nasty". Maybe just a matter of degree?
Second, I wasn't the one who came up with "insulting, cruel, and nasty". I think it was agip, but I don't remember.
Third, I prefixed my statements with "if". For example:
You have had every opportunity to clearly state your position. You could have said, "I am not neutral. Being insulting, cruel, and nasty should not be a part of American culture."
But you never would bring yourself to say that.
So which is it? Do you think being insulting, cruel, and nasty should be part of American culture or not?
If you think it should, you are a bad American.
We may have found the source of your problem. You are not very literate. There is plenty of difference between those terms.
Being harsh and insulting is a significant part of American culture, particularly in business. That is a fact. Wishing the world was a better place has nothing to do with anything in this conversation.
You are likely a bad American.
If you think being harsh and insulting is the way to get ahead in business then you are really bad at business.
If you think being insulting, cruel, and nasty should be part of American culture then you are a bad American.
We may have found the source of your problem. You are not very literate. There is plenty of difference between those terms.
Being harsh and insulting is a significant part of American culture, particularly in business. That is a fact. Wishing the world was a better place has nothing to do with anything in this conversation.
You are likely a bad American.
If you think being harsh and insulting is the way to get ahead in business then you are really bad at business.
If you think being insulting, cruel, and nasty should be part of American culture then you are a bad American.
You know very little about business.
You have poor reading comprehension.
You can't be a good American without remedying those deficiencies.
We may have found the source of your problem. You are not very literate. There is plenty of difference between those terms.
Being harsh and insulting is a significant part of American culture, particularly in business. That is a fact. Wishing the world was a better place has nothing to do with anything in this conversation.
You are likely a bad American.
If you think being harsh and insulting is the way to get ahead in business then you are really bad at business.
If you think being insulting, cruel, and nasty should be part of American culture then you are a bad American.
Fat Hurts - I enjoyed you more when you were defending Tesla. Not sure what this 'You are a bad person" stuff is all about.
Say what you will about Trump, but he loves America and may be one of the best Christians the country has ever produced. If you are patriotic and a a J. Christ-fearing man of action, such as Trump, you will always rank high and have many followers (as J. Christ intended).
Trump ranks high on Christianity. Way higher than other contemporary Presidents. The common man in America cottons to J. Christ, lord of the Nazarene movement, King of the Synods.
After defending him and covering up much for him for the past two plus years, they have decided to pull the plug
You are not a good American. You score poorly on every metric that I can think of. You lack all the makings of even an average, garden-variety, clod-type American. And you won't be able to improve either. It's a done deal, fork-sticker. Boogie boogie, flame broiled. Lauren Boebert's husband is not a good American either, due to the de-pantsing incident in the bowling alle.
Trump is arguably the brimstone of a Great Christian Awakening in America. He is a high ranking Christian, who has sworn eternal allegiance to J. Christ and his Synod Creed. The flourishing youth of America are inspired by Trump's overt pro-Christian stance against the enemies of freedom, lounging around like puke, besmirching every glorious rockets in our arsenal, as if liberty was to be had by just shooting fish a barrel of swill.
Trump is arguably the brimstone of a Great Christian Awakening in America. He is a high ranking Christian, who has sworn eternal allegiance to J. Christ and his Synod Creed. The flourishing youth of America are inspired by Trump's overt pro-Christian stance against the enemies of freedom, lounging around like puke, besmirching every glorious rockets in our arsenal, as if liberty was to be had by just shooting fish a barrel of swill.
Lol what?
How bad do you guys think Kamala wants Joe to die?
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