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There is no clear and definitive evidence that the US has entered economic recession.hover11 wrote:Isn't America already in a recession, more than two consecutive quarters of decline has passed why don't they just admit it , now the question lies will this recession actually spark the new global depression
hover11 wrote:Isn't America already in a recession, more than two consecutive quarters of decline has passed why don't they just admit it , now the question lies will this recession actually spark the new global depression
What propaganda? A global recession is very likely by 2Q 2023. The US and Europe have been identified as being the economic zones to be least affected. The strong US dollar means that wealthier nations with USD pegged currencies and relatively stable balance of account performance (such as Trinidad) will experience more stable currency values and lower inflation during the recessionary period when compared to the rest of the world.The_Honourable wrote:hover11 wrote:Isn't America already in a recession, more than two consecutive quarters of decline has passed why don't they just admit it , now the question lies will this recession actually spark the new global depression
shhhhh... you're a right winger spreading russian propaganda
adnj wrote:What propaganda? A global recession is very likely by 2Q 2023. The US and Europe have been identified as being the economic zones to be least affected. The strong US dollar means that wealthier nations with USD pegged currencies and relatively stable balance of account performance (such as Trinidad) will experience more stable currency values and lower inflation during the recessionary period when compared to the rest of the world.The_Honourable wrote:hover11 wrote:Isn't America already in a recession, more than two consecutive quarters of decline has passed why don't they just admit it , now the question lies will this recession actually spark the new global depression
shhhhh... you're a right winger spreading russian propaganda
If the world hears the US is in a recession at this time especially with what's happening with Russia, confidence in the US dollar will drop and sink the recession even further. This is the first time I have seen a technical recession lol, politics at its bestsMASH wrote:America had met the technical criteria fir being in a recession.
The authority just didn't declare it to keep Biden looking good.
Much like how we kerp our exchange rate near 7 and not closer to 10 as it actually should be to keep up appearances.
hover11 wrote:If the world hears the US is in a recession at this time especially with what's happening with Russia, confidence in the US dollar will drop and sink the recession even further. This is the first time I have seen a technical recession lol, politics at its bestsMASH wrote:America had met the technical criteria fir being in a recession.
The authority just didn't declare it to keep Biden looking good.
Much like how we kerp our exchange rate near 7 and not closer to 10 as it actually should be to keep up appearances.
IMG_20221020_024355.jpgIMG_20221020_024658.jpg
I am posting this in a likely fruitless bid to provide either of you with some sound business training that is obviously lacking.hover11 wrote:If the world hears the US is in a recession at this time especially with what's happening with Russia, confidence in the US dollar will drop and sink the recession even further. This is the first time I have seen a technical recession lol, politics at its bestsMASH wrote:America had met the technical criteria fir being in a recession.
The authority just didn't declare it to keep Biden looking good.
Much like how we kerp our exchange rate near 7 and not closer to 10 as it actually should be to keep up appearances.
That doesn't mean anything when GDP is continuously declining.Business investment fell. Inventories tumbled as businesses slowed their restocking of shelves, shaving 2 percentage points from GDP. Higher borrowing rates, a consequence of the Federal Reserve's series of rate hikes, clobbered home construction, which shrank at a 14% annual rate. Government spending dropped, too. Try harder.adnj wrote:I am posting this in a likely fruitless bid to provide you with some sound business training.hover11 wrote:If the world hears the US is in a recession at this time especially with what's happening with Russia, confidence in the US dollar will drop and sink the recession even further. This is the first time I have seen a technical recession lol, politics at its bestsMASH wrote:America had met the technical criteria fir being in a recession.
The authority just didn't declare it to keep Biden looking good.
Much like how we kerp our exchange rate near 7 and not closer to 10 as it actually should be to keep up appearances.
hover11 wrote:That doesn't mean anything when GDP is continuously declining.Business investment fell. Inventories tumbled as businesses slowed their restocking of shelves, shaving 2 percentage points from GDP. Higher borrowing rates, a consequence of the Federal Reserve's series of rate hikes, clobbered home construction, which shrank at a 14% annual rate. Government spending dropped, too. Try harder.
You still deflecting thoughadnj wrote:hover11 wrote:That doesn't mean anything when GDP is continuously declining.Business investment fell. Inventories tumbled as businesses slowed their restocking of shelves, shaving 2 percentage points from GDP. Higher borrowing rates, a consequence of the Federal Reserve's series of rate hikes, clobbered home construction, which shrank at a 14% annual rate. Government spending dropped, too. Try harder.
Really? What did I do to make your dumbass reflex-post so hard?? Ithought that I had read that passage before; you dug it up from three months ago! You reflex-posted hard on that one!! LOLOL
By the way, a mild recession is expected in 2Q 2023.
US economy shrinks for a 2nd quarter, raising recession fear
By PAUL WISEMAN
July 28, 2022
The decline that the Commerce Department reported Thursday in the gross domestic product — the broadest gauge of the economy — followed a 1.6% annual drop from January through March. Consecutive quarters of falling GDP constitute one informal, though not definitive,indicator of a recession.
The GDP report for last quarter pointed to weakness across the economy. Consumer spending slowed as Americans bought fewer goods. Business investment fell. Inventories tumbled as businesses slowed their restocking of shelves, shaving 2 percentage points from GDP.
Higher borrowing rates, a consequence of the Federal Reserve’s series of rate hikes, clobbered home construction, which shrank at a 14% annual rate. Government spending dropped, too.
https://apnews.com/article/us-economy-s ... 23dad5825f
hover11 wrote:
Fact is America is on DECLINE. Talk done. It have no technicality they are in a RECESSION. Anyone with a brain can realize that only the doubters like yourself will accept such when they finally declare it.
Consecutive quarters of falling GDP constitute one informal, though not definitive, indicator of a recession.
By the way, a mild recession is expected in 2Q 2023.
adnj wrote:hover11 wrote:
Fact is America is on DECLINE. Talk done. It have no technicality they are in a RECESSION. Anyone with a brain can realize that only the doubters like yourself will accept such when they finally declare it.
MBA in BA seems to be working out for you.
RepostConsecutive quarters of falling GDP constitute one informal, though not definitive, indicator of a recession.
By the way, a mild recession is expected in 2Q 2023.
He issa dunce.. he waiting for BBC and fox and Wall Street to declare the country in a recession that will never happen until they have no choice. How do you declare the world's superpower is crashing ?sMASH wrote:adnj wrote:hover11 wrote:
Fact is America is on DECLINE. Talk done. It have no technicality they are in a RECESSION. Anyone with a brain can realize that only the doubters like yourself will accept such when they finally declare it.
MBA in BA seems to be working out for you.
RepostConsecutive quarters of falling GDP constitute one informal, though not definitive, indicator of a recession.
By the way, a mild recession is expected in 2Q 2023.
ur proving us right...
hover11 wrote:Forecast by the IMF shows Germany and Italy are to tumble into recession in 2023 | Business Special
https://m.youtube.com/watch?v=qX48-KwvP ... e=youtu.be
To andj the great US is recession proof
"Relatively mild recession expected to start during the second quarter of 2023."sMASH wrote:'Weakening economy'...
Even the poorest countries have rich people.
Our income is pegged to the US. Their decline is our decline
hover11 wrote:Wtf is a mild recession.... like mild cancer or mild aids lol. Mild recession is a term now lol. It doesn't take away how detrimental it is. Alot of people are going to lose their jobs and cost of living in the states is going to increase.
sMASH wrote:Just be honest leaders and stop changing definitions to suit the narrative of the week.
How can the technical definition be avoided when the US had more than two consecutive quarters of DECLINE, banks have to be optimistic don't you get that , when ppl hear recession they will pull their money from the banks it will cause panic and banks don't want that. Bear in mind that this is the same country where the definition of a woman is anything you want it to be, so why not define recession what you want it to be as well.....adnj wrote:hover11 wrote:Wtf is a mild recession.... like mild cancer or mild aids lol. Mild recession is a term now lol. It doesn't take away how detrimental it is. Alot of people are going to lose their jobs and cost of living in the states is going to increase.sMASH wrote:Just be honest leaders and stop changing definitions to suit the narrative of the week.
"Mild recession" is NOT a new term.
I will drop this so others can see that two of the most prolific posters on Tuner don't know shitt about what they are saying.
But just keep lolling and pretending. LOL!
https://www.washingtonpost.com/archive/ ... 97a28c60c/
hover11 wrote:How can the technical definition be avoided when the US had more than two consecutive quarters of DECLINE, banks have to be optimistic don't you get that , when ppl hear recession they will pull their money from the banks it will cause panic and banks don't want that. Bear in mind that this is the same country where the definition of a woman is anything you want it to be, so why not define recession what you want it to be as well.....
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