U.S. economy just had a 2nd quarter of negative growth. Is it in a recession?
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Re: U.S. economy just had a 2nd quarter of negative growth. Is it in a recession?
#2Reverse Betteridge's law: Yes, this is a recession. You might not think it's a recession, and you might hate the word, but the conditions have been met.
I'm not going to shed any tears on behalf of anyone near the top, they're going to be fine. Despite their high positions, they won't have a fall, unlike those already at the bottom.
Re: U.S. economy just had a 2nd quarter of negative growth. Is it in a recession?
#3Reverse Betteridge's law: Yes, this is a recession. You might not think it's a recession, and you might hate the word, but the conditions have been met. I'm not going to shed any tears on behalf of anyone near the top, they're going to be fine. Despite their high positions, they won't have a fall, unlike those already at the bottom.
those already at the bottom are at the bottom, the middle class will suffer. Thus leading to a widening of the gap in wealth inequality. You will own nothing and be happy.
Re: U.S. economy just had a 2nd quarter of negative growth. Is it in a recession?
#4Words will only have the meanings the Party assigns.
Re: U.S. economy just had a 2nd quarter of negative growth. Is it in a recession?
#5 yes. it. is.
Also, you can ignore the badly aged reply in [1] as they are completely incorrect about 'We are most certainly not in a recession.' with the release of these figures. Since everyone knows that you should not wait for the danger to come until someone else tells you that it is now too late. Just like waiting for the figures to tell us right now.
As soon as that happens, you are already too late to prepare for it. November was the time to prepare for the worst. Now it is too late to prepare for that as it is already getting worse now.
Re: U.S. economy just had a 2nd quarter of negative growth. Is it in a recession?
#6why is it such a big deal that it makes people shudder? Europe is about to go off a cliff soon. Are they avoiding words in order not to trigger the robot traders?
Re: U.S. economy just had a 2nd quarter of negative growth. Is it in a recession?
#7Two annual quarters of negative growth has been the informal (maybe even formal?) definition for a while now.
Just because one party wants to change the definition to avoid hubbub to avoid losing political power does not change reality.
Re: U.S. economy just had a 2nd quarter of negative growth. Is it in a recession?
#8Yes
Re: U.S. economy just had a 2nd quarter of negative growth. Is it in a recession?
#9Reverse Betteridge's law: Yes, this is a recession. You might not think it's a recession, and you might hate the word, but the conditions have been met. I'm not going to shed any tears on behalf of anyone near the top, they're going to be fine. Despite their high positions, they won't have a fall, unlike those already at the bottom.
those already at the bottom are at the bottom, the middle class will suffer. Thus leading to a widening of the gap in wealth inequality. You will own nothing and be happy.
The middle class is a myth. If you need your income or assets to survive and can't use it to feast on your neighbors during a crisis with the other vultures then you're a peon like the rest of us.
Just because you have to sell the jet ski and the SUV and might have to sell both houses because you over-leveraged trying to leech off of the rest of the working class doesn't mean you're being hurt more than the single mothers with two minimum wage jobs that are now homeless.
Re: U.S. economy just had a 2nd quarter of negative growth. Is it in a recession?
#10Acknowledgement is the first step to working on a solution