Nobel Prize-winning economist "sees nothing that resembles a recession". MWP

[Hawkeye10]

The study of economics has been political or decades. I was lucky enough to have taken a course during the Reagan era, by a honest professor who explained supply side and how it made so much sense with regards to simple human behavior.

The betrayal from the Universities slices us with a thousand gashes.

This is going to hurt like a Mother Fucker.

 

[cancel2 2022]

Keynes got one too and his crap has failed every single time.

Nothing wrong with the great John Maynard Keynes, it's left wing politicians who only know about deficit spending. The concept of paying back debt over the full economic cycle is far too advanced for them.

 

[cancel2 2022]

In July, inflation was 0%, average prices did not rise.... But household income jumped by 1.1%. That would be a huge monthly jump in purchasing power.

Here is yet another example of Salty pulling some crap out of his back passage and posting it as if it were written on tablets of stone and brought down from Mount Sinai.

 

[PostmodernProphet]

And of course - the board's righties are disappointed that we might skip a Recession...

????....you aren't skipping it........you're just refusing to call it a recession.........meanwhile we are going into an election with a stupid economy.......

 

[Walt]

Here is yet another example of Salty pulling some crap out of his back passage and posting it as if it were written on tablets of stone and brought down from Mount Sinai.

When the facts do not match what you emotionally want the narrative to be, you decide that it is all a lie.

 

[Walt]

you're just refusing to call it a recession.

If it is a recession, it is a minor one... But there are so many facts that make us think it is not a recession.

 

[cancel2 2022]

When the facts do not match what you emotionally want the narrative to be, you decide that it is all a lie.

Your piss poor track record proceeds you, Salty old fruit.

 

[cancel2 2022]

If it is a recession, it is a minor one... But there are so many facts that make us think it is not a recession.

Us? Are they the voices in your head?

 

[Walt]

Us? Are they the voices in your head?

The headline of the thread is 'Nobel Prize-winning economist "sees nothing that resembles a recession". MWP', so "us" would include me, and Thaler, among others.

 

[MAGA MAN]

The betrayal from the Universities slices us with a thousand gashes.

This is going to hurt like a Mother Fucker.

This has all been well planned, way back before the Nazis ran Hitler youth camps. This goes way back to the Woodrow Wilson era.

Wilson is perhaps best known for expressing his intent in his April 1917 war message to make the world “safe for democracy.” Much less known is the key role Wilson earlier played — as a professor of political science and president of Princeton University — in the Progressive Era to “make the United States safe for the modern administrative state.”

https://www.washingtontimes.com/news/2018/may/30/woodrow-wilsons-case-against-the-constitution/

 

[Lionfish]

 

[Hawkeye10]

This has all been well planned, way back before the Nazis ran Hitler youth camps. This goes way back to the Woodrow Wilson era.

https://www.washingtontimes.com/news/2018/may/30/woodrow-wilsons-case-against-the-constitution/

You are not the only one I have heard say this. Also that the original sin of the Christian churches, the reason christianity has crashed, goes back to getting WW1 wrong.

 

[Joe Capitalist]

Basically yes. I am sure he emotionally feels they are truths, but they are lies. Income will almost certainly overshoot inflation, every piece of evidence points to that.

I guess that's why they call him ExcessLies

 

[Shoresy]

MAGA wets panties

Nobel Prize-winning economist says he doesn’t see anything that resembles a recession in the U.S.

https://www.cnbc.com/2022/08/25/richard-thaler-says-nothing-in-us-economy-resembles-a-recession-.html

Nobel Prize-winning economist Richard Thaler said the U.S. economy was showing more signs of strength than weakness.
The author of “Nudge: Improving Decisions About Health, Wealth, and Happiness” also said those declaring inflation permanent might be speaking too soon.
Thaler is known for his work on behavioral economics.

Nobel Prize-winning economist Richard Thaler says the U.S. may have recorded two successive quarters of economic contraction, but it’s “just funny” to describe it as being a recession.

“I don’t see anything that resembles a recession. We have record low unemployment, record high vacancies. That looks like a strong economy,” Thaler told CNBC’s Julianna Tatelbaum on Wednesday.

“The economy is growing, it’s just growing slightly less fast than prices. And that means real GDP fell a little bit, but I think it’s just funny to call that a recession,” he said. “It’s not like any recession we’ve seen in my rather long lifetime.”

U.S. gross domestic product, or GDP, fell by 0.9% year-on-year in the second quarter, following a 1.6% decline in the first quarter. Two consecutive falls in GDP growth meet the traditional definition of a recession. Officially, the National Bureau of Economic Research declares recessions and expansions, and likely won’t make a judgment on the period in question for months.

We ate well out of recession and into stagflation it's probably pretty hard to see from his ivory tower, maybe he should go to a grocery store, stupid fuck.