Cuz it’s more bad news.
How do you define it?
I don’t have my own definition. But I can’t find anything that says the only criteria for a recession is that there is 2 months of negative GDP.
The July 28 Announcement Of Q2 GDP Will Not Mean Recession
The US economy has clearly slowed from its rapid 2021 growth and there are plenty of reasons to fear a recession some time in the next year or two.
2 quarters of negative growth is you owe me fifty cents…
I’m gonna need about tree fiddy.
say, why do you suppose the admin is trying to redefine it?
Remember when the buck stopped with him before the buck stopped with him?
You don’t have an alternative?
I do not
It’s not a recession, just a prelude to steadily slow growth.
I do not
Looks like 2 quarters it is then.
It’s not a recession, just a prelude to steadily slow growth.
Ooh, there you go.
I personally do not have an opinion on what is the correct definition, but there is no consensus - and much disagreement - that the sole requirement is 2 quarters.
I personally do not have an opinion on what is the correct definition, but there is no consensus - and much disagreement - that the sole requirement is 2 quarters.
I agree with the money people who say you can throw out the book on this one. I have never seen this scenario where consumer confidence is down multiple months, inflation is way up, but unemployment is at a record low. And add to that the market fluctuations across multiple markets doesn’t seem to have much effect across the board.
Seriously though, two quarters of negative growth is a recession, no matter how hard they try to wish otherwise.
that is correct, cant be spun. the GDP results for the second will be coming in soon (tomorrow or Friday) and we shall see.
it not great timing for the dems.
Allan
Where does it say that the only criteria for a recession is 2 quarters of negative growth?
Please stop
That’s the general definition. There is zero need to try to spin it. Just work on getting out of it.
GWH:It’s not a recession, just a prelude to steadily slow growth.
Ooh, there you go.
Growth so slow that when a Republican becomes president that same slow growth will be an economic boom!
Growth so slow that when a Republican becomes president that same slow growth will be an economic boom!
Sad thing is, it didn’t need to be that way to begin with.
FreeAndClear:Growth so slow that when a Republican becomes president that same slow growth will be an economic boom!
Sad thing is, it didn’t need to be that way to begin with.
Without lockdowns you mean?
DMK: FreeAndClear:Growth so slow that when a Republican becomes president that same slow growth will be an economic boom!
Sad thing is, it didn’t need to be that way to begin with.
Without lockdowns you mean?
No, just Biden. You know, cuz he refuses to pull the magic recession lever in the oval.0
That’s the general definition. There is zero need to try to spin it. Just work on getting out of it.
Do some googling. It’s the general definition among laymen, but for those who “officially” define recessions, such as the NBER, two quarters negative growth does not in and of itself mean that there is a recession. There are other factors they look at. I’m not trying to say the current financial situation is great or that we are not in recession, but the OP was about the WHEC “redefining” recession and mocking them by saying ““Depends on what the definition of the word “is” is.”. There is more nuance involved here.
FreeAndClear:That’s the general definition. There is zero need to try to spin it. Just work on getting out of it.
Do some googling. It’s the general definition among laymen, but for those who “officially” define recessions, such as the NBER, two quarters negative growth does not in and of itself mean that there is a recession. There are other factors they look at. I’m not trying to say the current financial situation is great or that we are not in recession, but the OP was about the WHEC “redefining” recession and mocking them by saying ““Depends on what the definition of the word “is” is.”. There is more nuance involved here.
The only thing of import or relevance is the layman definition. Everything else is unnecessary pedantry by this admin