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21 sats \ 2 replies \ @grayruby 12 May 2023
Who says the recession isn't already here?
Economic data is a lagging indicator and inflation data is suppressed. Real, real gdp is significantly negative.
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10 sats \ 1 reply \ @Undisciplined OP 12 May 2023
What you've clearly forgotten is that they changed the definition of "recession", the last time we entered one.
But, yeah, usually they end up retroactively declaring earlier start dates for recessions.
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21 sats \ 0 replies \ @grayruby 12 May 2023
Of course they did. I remember years ago reading an article about math testing in schools and how poorly students were doing compared to expected standards and the proposed solution wasn't more time allocated to math, more resources or better teaching techniques, it was to change the way tests were graded so it doesn't look so bad.
I thought it was the most ludicrous thing I had ever heard at the time but now this strategy has become the norm and people don't bat an eye.
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