pull down to refresh

28 sats \ 3 replies \ @k00b 29 Jun 2022 \ on: GDP -1.6%. We're in a recession. bitcoin

I think technically GDP needs to decline 2 quarters in a row to be a recession.

write
preview
122 sats \ 2 replies \ @tomlaies OP 29 Jun 2022

Yeah, Q1 was negative as well. So we reached this definition.

reply
21 sats \ 0 replies \ @k00b 29 Jun 2022

Oh, I missed that.

reply
2 sats \ 0 replies \ @0260378aef 29 Jun 2022

This was a Q1 GDP revision, not a Q2 print. According to https://www.zerohedge.com/economics/us-q1-gdp-revisions-scream-stagflation

reply