Recession?

[goat]

I’d say some form of recession is inevitable, but I don’t see anything comparable to 2008, question becomes how severe and how long

Can you say systemic breakdown?

[ExpressLane]

Cassleman is a liberal economist for The NY Times. He references the Atl Fed number which did in fact turn negative. This would be two quarters in a row of negative GDP growth which usually, but not always, is the measure for a recession.

Because unemployment is still pretty low this recession, if official, does have a different feel to it. Unemployment is expected to rise but at least as projected not tremendously higher.

Its transitory

[ExpressLane]

America is doing great with GDP and unemployment- in comparison to other G7 countries in post pandemic recovery!

BUT YOU FORGOT TO MENTION THAT!

CAWACKOFF is a Typical BUTT-HURT TRUMPTARD still licking his wounds AND TRUMP's ASS over CRIMINAL TRUMP's huge re-election defeat!

BUT TRUMP!!!!

[Concart]

Something's gonna crash. I fear it will be a Greater Depression. Housing is insane right now.

What is going to 'crash' and why. Suss it out in economic terms.

[Geeko Sportivo]

BUT TRUMP!!!!

B-B-B-B-Biden- B-B-B-B-BUTT-HURT!

Give us a break Fuck head!

[Geeko Sportivo]

I’m probably missing something but since when did discussing current economic conditions cause such a meltdown? Are economics and the economy an off limit topic? Such anger.

Maybe I’ll try that with clients at work. “Economic conditions are absolutely irrelevant you idiots!” Maybe it will work!

LET'S HEAR YOUR SOLUTIONS TO THE PROBLEMS- NOT JUST THE PROBLEMS!

You want influence with others? That would be a great start!

[cawacko]

LET'S HEAR YOUR SOLUTIONS TO THE PROBLEMS- NOT JUST THE PROBLEMS!

You want influence with others? That would be a great start!

I’m still not following why you are so upset that the topic is the economy and its current condition/performance. Whether it’s good, bad, or just putzing along in neutral the economy is always going to be at/near the top of people’s minds. (Maybe you are independently wealthy and therefore the topic is irrelevant to you. A tip of the cap to you if you’ve reached that position.)

[Geeko Sportivo]

I’m still not following why you are so upset that the topic is the economy and its current condition/performance. Whether it’s good, bad, or just putzing along in neutral the economy is always going to be at/near the top of people’s minds. (Maybe you are independently wealthy and therefore the topic is irrelevant to you. A tip of the cap to you if you’ve reached that position.)

No- I am not wealthy!

I have lived 70 years of watching both good and bad economic times, and trust me- I have been a victim and benefactor to many of them.

Economies eventually work their way through all Bad economic times. There are millions of factors and dynamics that have to do with how good or how bad an economy can be.

It's not a switch a president has- he can flick to fix a bad economic time- it often times is not even a switch at the voters booth that fixes bad economies.

Sometimes- it is patience- Sometimes it's perseverance- sometimes it's making the right decisions for you and your family- SOMETIMES IT'S JUST BLIND LUCK!

But Pointing fingers does not help economies. Remaining disgruntled over losing an election doesn't help anything! Constantly blaming your political rivals doesn't resolve anything!

Now again- Tell us what you would do to help resolve the inflation problems we are experiencing!

Let me assure you- You want influence with others?- STOP THE FINGER-POINTING AND TELL US WHAT YOU WOULD DO TO HELP RESOLVE ISSUES.

Constantly nagging about your political adversaries is just politics as usual. Political fights end up as Farting contests!

You want a farting contest! Go ahead- You go first! Let's see how our farting contest helps our economy!

[cawacko]

No- I am not wealthy!

I have lived 70 years of watching both good and bad economic times. Economies eventually work their way through all Bad economic times.

It's not a switch a president has- he can flick to fix a bad economic time- it often times is not even a switch at the voters booth that fixes bad economies.

Sometimes- it is patience- Sometimes it's perseverance- sometimes it's making the right decisions for you and your family- SOMETIMES IT'S JUST BLIND LUCK!

But Pointing fingers does not help economies. Remaining disgruntled over losing an election doesn't help anything! Constantly blaming your political rivals doesn't resolve anything!

Now again- Tell us what you would do to help resolve the inflation problems we are experiencing!

Let me assure you- You want influence with others?- STOP THE FINGER-POINTING AND TELL US WHAT YOU WOULD DO TO HELP RESOLVE ISSUES.

Constantly nagging about your political adversaries is just politics as usual. Political fights end up as Farting contests!

You want a farting contest! Go ahead- You go first! Let's see how that helps our economy!

Jesus dude, did you actually read my OP? Where did I name a politician? Where did I name a political party? Where did I blame anyone?

It’s like you’re responding to some other post.

[Geeko Sportivo]

Jesus dude, did you actually read my OP? Where did I name a politician? Where did I name a political party? Where did I blame anyone?

It’s like you’re responding to some other post.

Yes, I read your OP!

Looked like the usual pissing and moaning Trumptards are using to blame Biden for everything imaginable!

What was your purpose for the thread? Be honest! What? Do you think if the country goes into recession that that would automatically be bad for Biden- or the Democrats?

Why did you feel as if you had to point out that the author of the source you used was a liberal!

Does that make a difference?

You know I have read economists points of views all my life- I never even questioned their political affiliations.

Of course that would become clear if economist blamed a president for the Recession.

Did this so called Liberal economist blame Biden for anything?

Should he?

The jist of what he said is we could be heading into a recession!

WHOOPTY DO- I COULD HAVE TOLD YOU THAT!

[McRocket]

The U-3 (the unemployment rate) means little.

It was modified in 1994 to deliberately make the U-3 look better (though few will admit the latter).
https://www.bls.gov/osmr/research-pa...4/cp940090.htm

It does NOT mean the same now as it did pre-1994.

In fact, it is a joke.
It completely ignores ALL persons who have no job, want a job and are available to work...but (for whatever reasons) have given up looking for work.
That is nuts.
You cannot expect people to look for work forever.
Eventually, they have to make other arrangements - work part time, work under the table, go back to school, etc.

The U-3 used to count these people as unemployed...not any longer.

Now?
If America had only one person working and 200 million people looking for work and ready to work...but had given up working because there was no jobs available?
The official U-3 - in this case - would be 0.0%.
That is utterly ridiculous.
1 person working in ALL of America and the U-3 can be 0.0%.

The U-3 is pathetic.
Even the U-6 is flawed...for various reasons.

The best measure now is the Employment-population ratio.
It is a relatively, pure statistic with no exemptions or alterations.

https://www.bls.gov/charts/employmen...tion-ratio.htm

As you can see from the above link to the bls, the ratio is still way below what it was before the Great Recession (higher is better).

So no, the employment situation in America is not good.
It NEVER, fully recovered from the Great Recession.

[Rune]

America is doing great with GDP and unemployment- in comparison to other G7 countries in post pandemic recovery!

BUT YOU FORGOT TO MENTION THAT!

CAWACKOFF is a Typical BUTT-HURT TRUMPTARD still licking his wounds AND TRUMP's ASS over CRIMINAL TRUMP's huge re-election defeat!

Yeah I don't think so.

[cawacko]

Yes, I read your OP!

Looked like the usual pissing and moaning Trumptards are using to blame Biden for everything imaginable!

What was your purpose for the thread? Be honest! What? Do you think if the country goes into recession that that would automatically be bad for Biden- or the Democrats?

Why did you feel as if you had to point out that the author of the source you used was a liberal!

Does that make a difference?

You know I have read economists points of views all my life- I never even questioned their political affiliations.

Of course that would become clear if economist blamed a president for the Recession.

Did this so called Liberal economist blame Biden for anything?

Should he?

The jist of what he said is we could be heading into a recession!

WHOOPTY DO- I COULD HAVE TOLD YOU THAT!

Did I insult a family member in a previous life? Kind of fascinated by this visceral anger in your responses here.

Here’s a thread I started in 2019, while Trump was President, entitled Recession Signs Everywhere. Discussing current economic conditions is relevant to me but wonder if you would have flown off the handle at me as well if you were posting then?

https://www.justplainpolitics.com/sh...t=John+mauldin

[Lightbringer]

America is doing great with GDP and unemployment- in comparison to other G7 countries in post pandemic recovery!

BUT YOU FORGOT TO MENTION THAT!

CAWACKOFF is a Typical BUTT-HURT TRUMPTARD still licking his wounds AND TRUMP's ASS over CRIMINAL TRUMP's huge re-election defeat!

You think cawacko is a Trump guy?

He's not and in a thread about economics you might want to pay attention to what he has to say.

[anatta]

it's gonna get worse. a recession brings lay offs.
Interest rates are going to have to equal inflation numbers to tame inflation

People are going to lose jobs, the economy contracts, we produce less and import more because we are consumers. I dont know where this ends. but a contracting economy is a death spiral