Recession! U.S. GDP Q2 2022 -0.9%
325 sats \ 16 comments \ @cryptocoin 28 Jul 2022 bitcoin
Second quarter 2022 GDP advance estimate is -0.9%
-0.9% vs +0.5% expected
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117 sats \ 0 replies \ @cryptocoin OP 28 Jul 2022
From ZeroHedge:
Welcome To The Biden Recession: Q2 GDP "Unexpectedly" Shrinks 0.9%, 2nd Consecutive Decline https://www.zerohedge.com/markets/welcome-biden-recession-q2-gdp-unexpectedly-shrinks-09-2nd-consecutive-decline
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126 sats \ 1 reply \ @kilianbuhn 28 Jul 2022
Wait, who expected +0.5???
I thought this was relatively well known and even in the mainstream media that it will be sub zero?
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25 sats \ 0 replies \ @sb 28 Jul 2022
Great question! Clown analysts publishing their clown findings in their clown publications 🤡🤣
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125 sats \ 0 replies \ @nkmg1c_ventures 28 Jul 2022
The fact that a lot of experts put on their concerned faces only a month ago... infuriating. It's not confusion, it's complicity.
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89 sats \ 2 replies \ @sb 28 Jul 2022
It's not a recession! We changed the definition, remember?! 🤡🤡🤡
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180 sats \ 1 reply \ @om 28 Jul 2022
"You think, I dare say, that our chief job is inventing new words. But not a bit of it! We're destroying words—scores of them, hundreds of them, every day. We're cutting the language down to the bone. [...] "Don't you see that the whole aim of Newspeak is to narrow the range of thought? In the end we shall make thoughtcrime literally impossible, because there will be no words in which to express it.
-- "1984"
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35 sats \ 0 replies \ @sb 28 Jul 2022
The foresight of Orwell never ceases to astound me 😅
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30 sats \ 1 reply \ @faithandcredit 29 Jul 2022
In 2 years it will be a depression caus it will not grow again because they are not doing growth policies, they are doing spend policies, and its not working. So the gdp will continue to shrink and in 12-24 months its a confirmed depression but lets see :)
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0 sats \ 0 replies \ @cryptocoin OP 29 Jul 2022
Nah. Money printer go brrr.
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40 sats \ 0 replies \ @picco 29 Jul 2022
Wikipedia redefined recession and blocked the page for new edit. Unreal. Can't believe 1984 becomes reality.
https://en.wikipedia.org/wiki/Recession
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25 sats \ 0 replies \ @Ge 28 Jul 2022
If it smells like a dog and looks like a dog....
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25 sats \ 1 reply \ @Wil 28 Jul 2022
It's just a transitory recession
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25 sats \ 0 replies \ @sp 29 Jul 2022
Let me guess, introduced by transitory inflation?
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25 sats \ 0 replies \ @Majjin 28 Jul 2022
Every single time there's been two quarters of GDP decline, a recession had been declared. Funny how NOW there's a debate on what a recession is because it might make this administration look bad.
The Biden admin should just give up on salvaging their reputation. Everyone knows that they suck and there's no use trying to hide it. Just take the L.
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0 sats \ 0 replies \ @selfish_gene 28 Jul 2022
не знаю что это... но это только начало для США. сокротить добычу нефти и её цена х2 сделает быстро.
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0 sats \ 0 replies \ @cryptocoin OP 28 Jul 2022
#BREAKING: U.S. Gross Domestic Product for 2nd quarter declined 0.9%. This is the second consecutive quarter of economic contraction. By commonly accepted definition, the U.S. economy has been in #recession. #GDP
https://twitter.com/FoxEbenBrown/status/1552633382324027392
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