White House Redefines Recession

[Horace]

@taiwan_girl said in White House Redefines Recession:

@Horace ???

It’s my prediction for the nasdaq after a competent president is at the helm.

[Jolly]

@LuFins-Dad said in White House Redefines Recession:

CNBC

GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal

CNN

US economy contracts again, fueling recession fears

FOX

US economy enters technical recession after growth tumbles 0.9% in the second quarter

NPR (lol)

U.S. economy just had a 2nd quarter of negative growth. Is it in a recession?

Newsweek (lol again)

U.S. GDP Update Live: Economy Enters Recession Under Biden

If it walks like a duck, etc.

[George K]

@Jolly said in White House Redefines Recession:

If it walks like a duck, etc.

Yeah. What pisses me off is that, for all these decades, all these "experts" have tossed out the "R-word" to mean two quarters of contraction.

Never, did the talking heads say what they're saying now - "Wait a minute, that's not really what a recession is. You didn't hear us right two years, five years, twenty years, 32 years, 40 years ago. Why weren't you paying attention, pleb?"

[Jolly]

[George K]

LOL

[Jolly]

As heard on the radio...

Today, the same party that has trouble defining what a woman is, cannot define what a recession is.

[Horace]

Logic and reason and clarity in communication have become political weaknesses for the left. At which point, the Party of Science and Virtue (tm) handwaves them away. At least Trump isn't president.

[taiwan_girl]

@taiwan_girl said in White House Redefines Recession:

@Horace said in White House Redefines Recession:

Huge pop in the stock market after the hike. Let’s see how the market reacts tomorrow. If memory serves, the previous hike was received by immediate enthusiasm in stocks, followed by a crash the next day.

Today's increase in the US stock market was 100% due to President Biden. Tomorrows crash is due to things beyond his control. 555

Okay, 4% increase in two days is due to President Biden. Future decreases are due to other things.

[Horace]

@taiwan_girl said in White House Redefines Recession:

@taiwan_girl said in White House Redefines Recession:

@Horace said in White House Redefines Recession:

Huge pop in the stock market after the hike. Let’s see how the market reacts tomorrow. If memory serves, the previous hike was received by immediate enthusiasm in stocks, followed by a crash the next day.

Today's increase in the US stock market was 100% due to President Biden. Tomorrows crash is due to things beyond his control. 555

Okay, 4% increase in two days is due to President Biden. Future decreases are due to other things.

You shoulda seen what Biden did for Apple earnings. Magnificent. I’m becoming a convert.

[George K]

@Jolly said in White House Redefines Recession:

As heard on the radio...

Today, the same party that has trouble defining what a woman is, cannot define what a recession is.