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07-26-2022, 07:05 PM
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#16
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,633
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Quote:
Originally Posted by Al Gobbi
Google and Microsoft both missed their latest quarterly earnings projections
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And the market ripped up on the news...lol
MSFT up 5% in after-hours
Google up almost 4.5%
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07-26-2022, 09:24 PM
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#17
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Registered User
Join Date: Oct 2007
Location: North Riverside, Il.
Posts: 16,104
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Quote:
Originally Posted by Karakorum Kabbage
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I well remember PA insisting there was no recession way back then, but I didn’t have the ambition to find all the links. Thanks for that.
If we’re in a recession now, here’s hoping we stay in one. Near record unemployment; average monthly new jobs in excess of half a million. Weekly earnings up 5.2% over a year ago. Record low credit card delinquencies. Record low bankruptcies. Record low mortgage delinquencies.
__________________
"When you come at the King, You'd best not miss." Omar Little
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07-26-2022, 09:39 PM
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#18
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Registered User
Join Date: Mar 2017
Location: Baystater
Posts: 3,494
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Quote:
Originally Posted by mostpost
I well remember PA insisting there was no recession way back then, but I didn’t have the ambition to find all the links. Thanks for that.
If we’re in a recession now, here’s hoping we stay in one. Near record unemployment; average monthly new jobs in excess of half a million. Weekly earnings up 5.2% over a year ago. Record low credit card delinquencies. Record low bankruptcies. Record low mortgage delinquencies.
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Real wages down 4.4 percent. Tent cities and homelessness at record numbers. Crime rates up. Open borders overwhelming homeless shelters. Fuel at 4.18 a gallon. Lets go Brandon
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07-26-2022, 09:49 PM
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#19
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Registered User
Join Date: May 2018
Location: Huntington Beach, Ca
Posts: 554
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Quote:
Originally Posted by mostpost
I well remember PA insisting there was no recession way back then, but I didn’t have the ambition to find all the links. Thanks for that.
If we’re in a recession now, here’s hoping we stay in one. Near record unemployment; average monthly new jobs in excess of half a million. Weekly earnings up 5.2% over a year ago. Record low credit card delinquencies. Record low bankruptcies. Record low mortgage delinquencies.
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Just one example of your fraud logic (attached, CC debt). The calm before the storm, individual CC debt setting new records. Retail bankruptcies on the horizon, FHA house loans for low to moderate incomes are at huge delinquency rates.
Out of touch with reality.
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07-26-2022, 09:50 PM
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#20
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,633
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Quote:
Originally Posted by mostpost
I well remember PA insisting there was no recession way back then, but I didn’t have the ambition to find all the links. Thanks for that.
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Did you bother to read what I wrote back then?
I INSISTED because the classic definition of RECESSION hadn't been met, despite your assertions that were were in a recession....ie...haven't had two consecutive quarters of negative GDP.
I never said there wasn't going to be a recession. I just said it hadn't arrived yet. Just like now...we're about a day and a half away from meeting the classic definition...so we're not one in yet either... 
Who do you guys actually think you're kidding here?
Keep gaslighting...it's not working anymore.
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07-26-2022, 10:40 PM
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#21
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Registered User
Join Date: Oct 2007
Location: North Riverside, Il.
Posts: 16,104
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Quote:
Originally Posted by PaceAdvantage
Why do I say that despite the 2nd qtr GDP numbers not being released yet?
Because the White House is trying to redefine recession before the number comes out, which tells you all you need to know.
https://www.youtube.com/watch?v=M9E9-ada17k |
I don’t care that Tucker Carlson is telling you what to think-you clearly are incapable of thinking for yourself. I don’t even care that he is telling you the wrong things to think.
The White House is not redefining the definition of a recession. They are using a more refined definition than merely two quarters of negative growth.
The National Bureau of Economic Research (NBER) Business Cycle Dating Committee—the official recession scorekeeper—defines a recession as “a significant decline in economic activity that is spread across the economy and that lasts more than a few months.” The variables the committee typically tracks include real personal income minus government transfers, employment, various forms of real consumer spending, and industrial production.
NBER is a private, non profit, non partisan group which was established in 1920 it is not associated with any governmental entity or any political party.
__________________
"When you come at the King, You'd best not miss." Omar Little
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07-26-2022, 10:43 PM
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#22
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Registered User
Join Date: Oct 2007
Location: North Riverside, Il.
Posts: 16,104
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Quote:
Originally Posted by PaceAdvantage
Did you bother to read what I wrote back then?
I INSISTED because the classic definition of RECESSION hadn't been met, despite your assertions that were were in a recession....ie...haven't had two consecutive quarters of negative GDP.
I never said there wasn't going to be a recession. I just said it hadn't arrived yet. Just like now...we're about a day and a half away from meeting the classic definition...so we're not one in yet either...
Who do you guys actually think you're kidding here?
Keep gaslighting...it's not working anymore. |
If anyone is gaslighting it’s you. Good job following Goebbel’s dictum, “Accuse the other side of what you are doing.”
__________________
"When you come at the King, You'd best not miss." Omar Little
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07-26-2022, 10:48 PM
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#23
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,633
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Quote:
Originally Posted by mostpost
If anyone is gaslighting it’s you. Good job following Goebbel’s dictum, “Accuse the other side of what you are doing.”
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Biden is at 37.2 approval
How low do you think it will go when recession is official declared in a matter of hours?
Gaslight that.
Last edited by PaceAdvantage; 07-26-2022 at 10:49 PM.
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07-26-2022, 11:01 PM
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#24
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Registered User
Join Date: Oct 2007
Location: North Riverside, Il.
Posts: 16,104
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Quote:
Originally Posted by PaceAdvantage
Biden is at 37.2 approval
How low do you think it will go when recession is official declared in a matter of hours?
Gaslight that.
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The NBER is not going to declare a recession because their factors are not close to how they define a recession. Your outdated recession definition is irrelevant.
ALSO. The consensus is that there will be a .5% gain in GDP.
I think the administration comments are in response to the constant bombardment of recession comments from everyone and his brother on the right.
ETA: Another thing your Nazi friends said was, Tell a lie often enough and loudly enough and people will start to believe it.
__________________
"When you come at the King, You'd best not miss." Omar Little
Last edited by mostpost; 07-26-2022 at 11:03 PM.
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07-26-2022, 11:27 PM
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#25
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Join Date: Mar 2001
Location: Reno, NV
Posts: 16,912
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Quote:
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ALSO. The consensus is that there will be a .5% gain in GDP.
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Yes, America is clearly doing so well under Joe Biden.
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07-26-2022, 11:47 PM
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#26
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,633
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Quote:
Originally Posted by mostpost
The NBER is not going to declare a recession because their factors are not close to how they define a recession. Your outdated recession definition is irrelevant.
ALSO. The consensus is that there will be a .5% gain in GDP.
I think the administration comments are in response to the constant bombardment of recession comments from everyone and his brother on the right.
ETA: Another thing your Nazi friends said was, Tell a lie often enough and loudly enough and people will start to believe it.
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You've always been Goebbels...no amount of desperate projection will change that
High Inflation - check
Two consecutive quarters of negative GDP - I'll bet check
Hi recession!
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07-26-2022, 11:50 PM
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#27
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Registered User
Join Date: Dec 2001
Location: JCapper Platinum: Kind of like Deep Blue... but for horses.
Posts: 5,290
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Sinking of the Titanic:
https://en.wikipedia.org/wiki/Sinking_of_the_Titanic
Despite receiving six warnings of sea ice earlier that day, the Titanic struck an iceberg on the night of April 14, 1912 because she was traveling too fast to alter course quickly enough once the lookout spotted the iceberg.
As a result, the ship sank some 2 hours later and some 1,500 souls lost their lives.
You know what might have saved those 1,500 lives?
It wasn't a 'more refined definition' about the gaping hole in the side of the ship.
But a Captain, Officers, and Crew capable of casting their egos aside, giving the warnings some critical thinking, and not swallowing the Narrative about the ship being unsinkable?
I'm thinking that is what usually works.
It shouldn't take a rocket scientist to see the analogy here.
-jp
.
__________________
Team JCapper: 2011 PAIHL Regular Season ROI Leader after 15 weeks
www.JCapper.com
Last edited by Jeff P; 07-27-2022 at 12:03 AM.
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07-27-2022, 12:01 AM
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#28
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Registered User
Join Date: May 2011
Posts: 22,650
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Quote:
Originally Posted by mrhorseplayer
This cannot be true cause mosty told us all how great the 2nd q was going to be and how great life would be during and after q2
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COME ON MAN, the only reason GDP is below previous quarters is when Biden cured covid, vaccinated everyone and opened up the world, things took off the greatest EVER.
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07-27-2022, 12:25 AM
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#29
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Registered User
Join Date: Jun 2009
Posts: 1,987
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Quote:
Originally Posted by mostpost
I don’t care that Tucker Carlson is telling you what to think-you clearly are incapable of thinking for yourself. I don’t even care that he is telling you the wrong things to think.
The White House is not redefining the definition of a recession. They are using a more refined definition than merely two quarters of negative growth.
The National Bureau of Economic Research (NBER) Business Cycle Dating Committee—the official recession scorekeeper—defines a recession as “a significant decline in economic activity that is spread across the economy and that lasts more than a few months.” The variables the committee typically tracks include real personal income minus government transfers, employment, various forms of real consumer spending, and industrial production.
NBER is a private, non profit, non partisan group which was established in 1920 it is not associated with any governmental entity or any political party.
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So how many times in US history has there been two consecutive quarters of negative GDP, and we haven’t been declared to be in a recession?
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07-27-2022, 12:25 AM
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#30
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,797
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“Listen honey, I’m not screwing around on you. I am using my dick in a more refined manner”
Either way somebody is getting screwed
__________________
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