Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

robodruid1

(84 posts)

5. Interesting Tea Leaf Reading

Reply to 867-5309. (Original post)

Sat Jul 23, 2022, 11:21 PM

Jul 2022

So i guess this is confirmation that next quarters GDP is going to be negative.

The key is going to be next quarter. Can we rebound from 6 months of (minor) contraction while raising interest rates from the fed, food scarcity due to Russian invasion of Ukraine, while having low employment presumably with increasing labor rates? And a potential new pandemic?

Glad we have Biden.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

14 replies

= new reply since forum marked as read

Highlight:

The White House is pointing out that the US isn't really in a recession [View all] 867-5309. Jul 2022 OP

'Much more nuance' required, but NUANCE doesn't get far in today's media. elleng Jul 2022 #1

The traditional idea of a "recession" isn't applicable here. This is a unique situation. PSPS Jul 2022 #2

Recession with 3.6% unemployment and every business has a help wanted sign? doc03 Jul 2022 #3

THIS !!!! ☝🏾☝🏾☝🏾 uponit7771 Jul 2022 #6

Recession? Are there massive layoffs? Takket Jul 2022 #4

Yep. Everywhere I look I see people spending money hand over fist.Sure doesn't seem like a recession Walleye Jul 2022 #7

Why would the GDP numbers show negative growth then? MichMan Jul 2022 #10

I don't know about that. But I've lived through recessions before and this doesn't feel like one Walleye Jul 2022 #11

GDP figures are inflation-adjusted FBaggins Jul 2022 #14

Interesting Tea Leaf Reading robodruid1 Jul 2022 #5

Two straight quarters of economic contraction is the definition of a recession. former9thward Jul 2022 #8

The Big 3 and some auto suppliers are planning layoffs as well DetroitLegalBeagle Jul 2022 #9

It seems car sales are off because of lack doc03 Jul 2022 #13

Apparently the loses there are matched by gains doc03 Jul 2022 #12