Main Street is convinced that a recession will hit the U.S. economy this year

[Mina]

No, the Fed is trying to reduce inflation...

Agreed. They do that by choking economic growth.

The Fed has lost control.

What makes you think that? The most recent month had inflation happening at an annualized rate of 3.977%. As a point of comparison, the average over the prior half century was 3.877%. So, in April we were talking about nearly average inflation. Now, obviously, there was higher inflation in other recent months, and that has caused cumulative high inflation over the course of the last year. But if they'd "lost control" we'd expect accelerating inflation, where right now it looks like rate hikes are working.

They are out of options.

They have lots of options, since interest rates are still far below historical averages. It's not like we've already got rates so high they're financial markets can't work, so the Fed has no other tools to use. They can raise interest rates several full points and still not be above the range of modern rates.

Not declared by the NBER.

I'm not sure what you're saying here. Yes, the NBER declared those. Specifically, the NBER has a business cycle committee that declared these things, which is what financial analysts, economists, and the business press typically refers to when they talk about the start and end date of recessions.

Denying the shutdown of the economy by Democrats isn't going wash, dude.

What shutdown do you mean?

Argument from randU fallacy. Making up numbers isn't going to wash either.

What numbers do you think I made up, specifically?

Argument from randU fallacy. Lie.

What statement, specifically, do you think was a lie, and what evidence do you see that it was a lie?

Lie.

What makes you think that? If it would be helpful, I can link you to the NBER's business cycle data page, so you can confirm for yourself.

Sorry dude, you don't get to blame Ford for Carter's economic disasters.

I didn't try to do anything of the sort. You seem to have become confused. My argument is pretty simple, really: although Ford is the only Republican I can think of who didn't lead the nation into a recession, he had very little time in which to do so, since he was only president for a short time after the Second Nixon Recession ended. You obviously can't lead a nation into recession if they're already in one.

[Earl]

The Consumer Price Index increased 8.5 percent for the year ended March 2022, following a rise of 7.9 percent from February 2021 to February 2022.Apr 18, 2022

Lots of "cumulative" inflation here.

This is what Americans are going to vote on in November.

[Concart]

The economy has not been right for most of my lifetime, the elites resorted to lies tricks and mirrors to get along (while refusing needed reforms) but now it all comes crashing down.

It was everyone, the citizens refused our duty as well, we told power to satisfy our appetites and we did not much or at all care how they did it.

Buckle Up.

Define 'right'. The wage/wealth gap began widening in earnest during the Reagan Administration, and it continues to widen. That is a dangerous place for an economy. However, ITN's statement regarding depression is objectively false (and stupid), and yours is completely subjective and completely lacks any nuance. But I shouldn't be surprised. You appear to know absolutely nothing about pretty much everything.

[Into the Night]

It takes a loooooong time for the so-called "experts" to catch up...

Who said they were catching up??

[Into the Night]

Agreed. They do that by choking economic growth.

The Fed doesn't control economic growth.

What makes you think that? The most recent month had inflation happening at an annualized rate of 3.977%.
As a point of comparison, the average over the prior half century was 3.877%.

Argument from randU. Random numbers are not data.

So, in April we were talking about nearly average inflation.

Conclusion based on random numbers. Attempted proof by randU.

Now, obviously, there was higher inflation in other recent months, and that has caused cumulative high inflation over the course of the last year.

Lie.

But if they'd "lost control" we'd expect accelerating inflation,

Which has been happening.

where right now it looks like rate hikes are working.

No. The stock market is beginning to crash.

They have lots of options,

None.

since interest rates are still far below historical averages.
It's not like we've already got rates so high they're financial markets can't work, so the Fed has no other tools to use.
They can raise interest rates several full points and still not be above the range of modern rates.

Not about interest rates or prime loans.

I'm not sure what you're saying here. Yes, the NBER declared those. Specifically, the NBER has a business cycle committee that declared these things, which is what financial analysts, economists, and the business press typically refers to when they talk about the start and end date of recessions.

False authority fallacy.

What shutdown do you mean?

What rock have YOU been hiding under?

What numbers do you think I made up, specifically?

RQAA.

What statement, specifically, do you think was a lie, and what evidence do you see that it was a lie?

RQAA.

What makes you think that? If it would be helpful, I can link you to the NBER's business cycle data page, so you can confirm for yourself.

False authority fallacy. RQAA.

I didn't try to do anything of the sort. You seem to have become confused. My argument is pretty simple, really: although Ford is the only Republican I can think of who didn't lead the nation into a recession, he had very little time in which to do so, since he was only president for a short time after the Second Nixon Recession ended. You obviously can't lead a nation into recession if they're already in one.

Lie.

[Into the Night]

Define 'right'.

Semantics fallacy. Go learn English.

The wage/wealth gap

No such thing. Buzzword fallacy.

began widening in earnest during the Reagan Administration, and it continues to widen. That is a dangerous place for an economy.

Attempted conclusion based on buzzword. Void argument fallacy.

However, ITN's statement regarding depression is objectively false (and stupid),

Lie. Depression is a stalled or contracting economy for several years.

and yours is completely subjective

Incorrect. Go learn English. There were objective and subjective portions to his statement.

and completely lacks any nuance.

He is not trying to nuance.

But I shouldn't be surprised. You appear to know absolutely nothing about pretty much everything.

Bulverism fallacy.

No argument presented.

[Mina]

Argument from randU.

Ah, back to brainless trolling, I see. Well, give me a heads up if you ever find your balls and feel up to engaging substantively. I won't waste my time with this garbage.

[Grokmaster]

Ah, back to brainless trolling, I see. Well, give me a heads up if you ever find your balls and feel up to engaging substantively. I won't waste my time with this garbage.

Like the fact that most Americans think Pres.Moron is leading us into a recession?

[Mina]

Like the fact that most Americans think Pres.Moron is leading us into a recession?

Speaking of brainless trolling....

[Grokmaster]

Speaking of brainless trolling....

Your surrender is accepted, as you are immediately reduced to childish ad homs; no more obvious admission of defeat exists.

[Mina]

Your surrender is accepted, as you are immediately reduced to childish ad homs; no more obvious admission of defeat exists.

There's no point whimpering about an ad hominem response to a post that had no actual substance to respond to. If you'd like someone to address a substantive claim, the first step is to make one. Good luck.

[Earl]

The Consumer Price Index increased 8.5 percent for the year ended March 2022, following a rise of 7.9 percent from February 2021 to February 2022.Apr 18, 2022

Lots of "cumulative" inflation here.

This is what Americans are going to vote on in November.

The economy is the number one priority to Americans...and they vote.

[Into the Night]

Ah, back to brainless trolling, I see. Well, give me a heads up if you ever find your balls and feel up to engaging substantively. I won't waste my time with this garbage.

Inversion fallacy. You are describing yourself. You seem to LIKE wasting time with your garbage.

[Into the Night]

There's no point whimpering about an ad hominem response to a post that had no actual substance to respond to. If you'd like someone to address a substantive claim, the first step is to make one. Good luck.

You are describing yourself again. Inversion fallacy.

[Into the Night]

The Consumer Price Index increased 8.5 percent for the year ended March 2022, following a rise of 7.9 percent from February 2021 to February 2022.Apr 18, 2022

Lots of "cumulative" inflation here.

This is what Americans are going to vote on in November.

The economy is the number one priority to Americans...and they vote.

...if they can. Remember, there is still the threat of election fraud by Democrats.