US ECONOMY ALREADY IN RECESSION:2 QUARTERS NEG. GROWTH IN A ROW

Grokmaster

Grokmaster

Well-known member
Contributor



TRUMP, PROVEN RIGHT AGAIN.

THE FIRST TWO QUARTERS OF 2022 ,ARE BOTH NEGATIVE GDP ,WHICH IS THE DEFINITION OF A RECESSION.



LET'S GO BRANDON!!!!




Atlanta Fed's GDP model indicates US economy in recession

Bank's model estimate for real GDP growth for 2nd quarter falls to -2.1%

The Federal Reserve Bank of Atlanta's gross domestic product (GDP) model showed on Friday that the US economy is already in recession.

"The GDPNow model estimate for real GDP growth, seasonally adjusted annual rate, in the second quarter of 2022 is -2.1% on July 1, down from -1.0% on June 30," Atlanta Fed said in a statement.

The level is down from the June 27 forecast of 0.3% gain, while the next update will be made on July 7, it added.


https://www.aa.com.tr/en/economy/at...GDPNow model estimate for,on July 7, it added.



GREAT WORK, BRANDON AND THE DUNCE-O-CRATS!!!!


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Well...the GDPNow numbers are not official.
They are just an estimate.

And though they are often quite accurate - they have been mistaken in the past.

I do believe that America is in a recession.
But I am going to wait for the official numbers from the government (the BEA) before I say it is for certain.
 
I put out a warning a very long time ago, except that I said that the chance of a depression is very high, if we get recession only we should consider ourselves very lucky.

We have earned a depression.
 
McRocket said:
Well...the GDPNow numbers are not official.
They are just an estimate.

And though they are often quite accurate - they have been mistaken in the past.

I do believe that America is in a recession.
But I am going to wait for the official numbers from the government (the BEA) before I say it is for certain.
Click to expand...

They'll be confirmed by the 7th
 
PRES.MORON AND THE DUNCE -O-CRATS; PLUNGE THE US INTO A RECESSION IN A YEAR AND A HALF, WHILE TRYING TO WRECK OUR NATION TO FIT THE "WORLD LIBERAL AGENDA".....



GREAT JOB, IMBECILES....
 
Hawkeye10 said:
I put out a warning a very long time ago, except that I said that the chance of a depression is very high, if we get recession only we should consider ourselves very lucky.

We have earned a depression.
Click to expand...

Half a million jobs were created last month and unemployment is down to 3.4%
 
Grokmaster said:
THE FIRST TWO QUARTERS OF 2022 ,ARE BOTH NEGATIVE GDP ,WHICH IS THE DEFINITION OF A RECESSION.
Click to expand...

So let's use the oversimplified definition of a recession. That would mean we entered a recession at the beginning of 2022, and left it mid 2022. It would also mean it was the most minor recession in the history of recessions. That would mean we are not in a recession right now.

You really cannot get us into a recession.
 
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