While the common rule of thumb for recessions is two consecutive quarterly declines in GDP, the official determination of ends and beginnings of business cycles is made by a group of academics at the National Bureau of Economic Research.
What Bloomberg Economics Says...
“The contraction in second-quarter GDP significantly raises the risk that the economy will fall into recession by year-end...lagging momentum leaves the economy vulnerable to further adverse shocks such as a potential energy crisis in Europe or intensified supply strains in the second half of the year.”
-- Yelena Shulyatyeva and Eliza Winger, economists
No no. The Biden administration revised the definition of recession. We are ok guys. If need be they can further revise what a recession is so we probably will never go into a recession ever. This is great news and means we have essentially abolished depressions as well.
Everything is great! Please go back to your jobs. Thanks!
Adrian Thompson
its the definition of a recession, how retarded are these people.
Wyatt Martinez
Good morning! Your pre-GDP hot take, courtesy of @WendyEdelberg:
The typical American is not going to feel or experience a difference between an economy that is growing 0.5%, 0% or -0.5%.
Juan Allen
keked
Kevin Lewis
Bloomberg is kike propaganda. We aren't in just a recession. We're in a great depression.
Leo Hughes
Even (((Bloomberg))) had to admit it. It’s not a coincidence (((the lottery is currently over a billion))) goyim.
Julian Moore
>blame the Trump administration somehow
Thomas Murphy
(((Bloomberg))) (((Edelberg))) Kek-treme. Even (((they))) can’t ignore it or spin it anymore.
Ryan Sanchez
>Bloomberg is kike propaganda. This. Mike Bloomberg tried to run as Hillary’s running mate in 2016 after his failed bid as president. Fuck that synagogue of Satan kike and all of them, I pray against all of them, all the like, all associated, all else, all the rest, all etcs inside and out all my prayers, subjects and stipulations inside and out most of all.
Brandon Perez
>It's not a recession! >Even though from the dawn of time until just now, July 2022, two quarters of negative growth equals a recession, it doesn't mean we're in a recession! >This (((non-political group we control))) said so!
>economy is strong >two weeks to stop the spread >safe and effective >Putin's Price Hike >Saddam was WMD's >some guys in a cave did 9/11 >Hilary got confused about her emails >i did not have sex with that woman >monkeypox is not a threat when are we going to stop listening to these people?
Jeremiah Martin
they know they're getting fucked in the US midterms and their plans for the US aren't panning out like they intended.
Charles Rodriguez
This is what they did during Obamas eight years. Don't like inflation, change the basket of goods. Unemployment, just stop counting people that can't find work after six months. Depression, no just a minor recession. It's all complete made up bullshit when democrats are in office.
William Howard
None of the dealerships around me have much of a selection, anyways. I was thinking about a hybrid Honda, and all they have on the lot are Pilots, Ridgelines, and one Accord, and all have a markup.
Michael Taylor
>22 and learning on how to go my DL >Mfw have to look on craigslist at this point for first new car Jesus just kill us already
The Japanese car lots are full. Honestly when the lefties are slapped down the American car manufacturers will be dead. Or selling only electric garbage
Ian Gomez
But democrats redefined the term recession like they redefined woman & vaccine.
