HAPPENING: The United States enters recession after contraction in second-quarte
Umm sweetie, there's no official scientific definition of a recession so the US is not in a recession until midterm elections
The unemployment is at records low which is why some would hesitate in calling it a recession.
Wrong.
You chuds keep posting about this, I'll keep correcting you.
>"technical" recession
There they go again, The System using weasel words.
I'm not an economist, I can't define that word.
>Oh you think we're in a recession?
>Well let me just change the definition, now we aren't! Bet you feel pretty foolish now don't you chud?
this so much this
As a fellow non-economist, I cannot help but feel grossly incompetent when I try to evaluate the negative economic consequences of certain policies, not just in my immediate daily life but in those of literally everyone else around me.
I believe that a topic of such complexity should be left to the educated wisdom of the experts. Chuds should stop doing their own research.
The unemployment numbers are cooked bullshit. The labor participation rate never recovered from covid, and is now dropping again.
It's a recession. And it's going to be a bad one.
Employment is a lagging indicator, syrup nigger.
>for the entire 20th century two dropping quarters was a recession
>lying, thieving, cheating democrats get a dementia patient into office
>HURRRR WHO CAN DEFINE RECESSION? WHO CAN DEFINE WOMAN?
God I hate you fucking people so much.
The economy isn't shit. Its just a technicality. Just buy a $40,000 EV chud.
what we need is to spend another few trillion on climate change
What's hilarious is all these "hurr nobody wants to work" signs but unemployment only cares about people looking for work
Nobody wants to work, so unemployment is at a low
So when can I buy a house? I have 180k in cash for the down payment
FINALLY
I'VE WAITED SO LONG.
>what is labor participation
Lol. Lmao even.
And immigrants. How the fuck could you forget the immigrants? Another 40 million central/south Americans and Somali niggers committing crimes and living off gibs will be our strength.
"Technical"
Nah, this aint trap shit.
It is
or
It is not.
It is.
Just wait for the housing market to crash. Everything is overvalued right now.
lmao they literally just googled layoffs and included companies from around the world to make this fake number, example this Indian company
You can curb inflation by driving to Liberal states to steal gas/food, they aren't arresting people for crime anymore. I would plunder that fucking place.
>Well let me just change the definition
>for the entire 20th century two dropping quarters was a recession
BULLSHIT. .
Let's see the source for 2 quarters falling GDP being the OFFICIAL measure of a recession (and not just an informal indicator used by finance journaliats).
It’s a stagflation. I’d expect greater shrinkage in a recession.
Speaking of, how hard hit was the 2008 recession anyways?
Kek. This reminds me of their inflation cope.
>Speaking of, how hard hit was the 2008 recession anyways?
Tons of people lost their houses.
Yawn, you fags never lived through the 08 Bush recession. That was a straight up ass fucking. Reminder that trump had a -35% GDP quarter and nobody cares or remembers after 2 years….. this is a stock buying opportunity!
>2008 how bad was it
Fucking bad, you can even make the argument that we are still feeling the repercussions of the 2008 recession today, and that we would have been better off if we just went into a depression.
2008 resulted in what are called zombie corporations that are still going today. Basically the government kicked the can down the road since 2008 of unfucking the economy and the bill is finally coming due.
>this is a stock buying opportunity
move into bonds
It's all about interest rates cause they'll lock you in at the rate you bought in at
We're also thinking of another property but it's just the worst time in human history to do that right now
How can it be a recession if the 4th of July gets less expensive every year?
Checkmate.
Pelosi: 1
Peasants: 0
Eat your fucking skillet of ground impossibeef.
And another 40 billion for Ukriane