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Yes Virginia, the US is in recession. Let's go Brandon

Discussion in 'Latest US & World News' started by drluggit, Jul 28, 2022.

  1. drluggit

    drluggit Well-Known Member

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    Yes, the numbers are in. Q 1 revised to Neg 1.6% and now Q 2 reported at neg .9%.

    The WH and Treasury to go on the offensive to explain how two quarters of negative growth aren't a recession.

    As we have all seen, democrats will attack the words, not the reality. And Americans suffer. Inflation is now 13% at the wholesale level, and on the consumer level, it's being reported as 9.3% but reality is Gas is still up 100% since Brandon was installed.

    When you think about it, Brandon has done a stupendous job of attacking and punishing the American public. And now? He's going to try to lie his way out of his own outcomes.
     
    drluggit, Jul 28, 2022
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  2. Eleuthera

    Eleuthera Well-Known Member Donor

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    They love to change the meanings of words. As Orwell noted, first corrupt the language, and what follows naturally is the corruption of thought processes. Most Americans have been raised not being able to discern between fact and fiction.

    The Dems change the meanings of the word 'vaccine', and now they want to change the definition of 'recession'. A very sad situation.
     
    Eleuthera, Jul 28, 2022
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  3. drluggit

    drluggit Well-Known Member

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    Joe says, We're already "out of the recession" even though all of the national economic indicators don't reflect his lie.
     
    drluggit, Jul 28, 2022
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  4. flyboy56

    flyboy56 Well-Known Member Past Donor

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    And with another .75 interest rate increase by the Fed we will probably see another contraction in the 3rd quarter.
     
    flyboy56, Jul 28, 2022
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  5. Steady Pie

    Steady Pie Well-Known Member Past Donor

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    Big mistake by Biden administration imo. This just pushes the blowback to the next quarter, right before the midterms.

    They've clearly gambled that things will improve by then. Probably because if they don't then their days of getting things done are over anyway.
     
    Steady Pie, Jul 28, 2022
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  6. drluggit

    drluggit Well-Known Member

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    Wall ST sure reacted that way. Pricing in recession seems to be the only exercise traders there are engaging in.
     
    drluggit, Jul 29, 2022
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  7. flyboy56

    flyboy56 Well-Known Member Past Donor

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    Biden is too busy pushing his inflation fighting bill which is nothing more than an oxymoron.
     
    flyboy56, Jul 29, 2022
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  8. Eleuthera

    Eleuthera Well-Known Member Donor

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    Was it a mistake, or was it deliberate action meant to destroy?
     
    Eleuthera, Jul 29, 2022
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  9. Melb_muser

    Melb_muser Well-Known Member Donor

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    Too what end?
     
    Melb_muser, Jul 29, 2022
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  10. Eleuthera

    Eleuthera Well-Known Member Donor

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    Destruction of a culture. Similar to his immigration policy.
     
    Eleuthera, Jul 29, 2022
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  11. Chrizton

    Chrizton Well-Known Member

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    30 year mortgage rates are down about 9/10th's a percent since June. One can see this as the glass is half full data point that the war on inflation is working or one can see it as a half-empty glass indicator that we are sliding into a recession. I am not sure what to make of it other than it would appear as if lenders got too aggressive setting their rates
     
    Chrizton, Jul 30, 2022
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  12. Melb_muser

    Melb_muser Well-Known Member Donor

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    Needn't be one or the other.
     
    Melb_muser, Aug 1, 2022
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  13. drluggit

    drluggit Well-Known Member

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    More inflation masked as climate and health care... Democrats go wild... LOL... The economy says, please sir, no more....
     
    drluggit, Aug 1, 2022
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  14. drluggit

    drluggit Well-Known Member

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    What fantasy world do you live in? 30 yr fixed are about all over 6% now. Thanks to the fed.
     
    drluggit, Aug 1, 2022
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  15. Chrizton

    Chrizton Well-Known Member

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    Chrizton, Aug 3, 2022
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