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07-27-2022, 04:48 PM
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#46
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,616
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Even MORE hilarity...notice what they were saying about recession when TRUMP was in the White House:
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07-27-2022, 04:54 PM
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#47
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,616
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CNN doesn't agree with mostpost...oh no!
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07-28-2022, 08:58 AM
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#49
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Resurrectionist
Join Date: Jan 2017
Location: Cheyenne, Wy
Posts: 3,615
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Happy Recession Day!!!!
__________________
Battle is the most magnificent competition in which a human being can indulge. It brings out all that is best; it removes all that is base. All men are afraid in battle. The coward is the one who lets his fear overcome his sense of duty. Duty is the essence of manhood.
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07-28-2022, 11:00 AM
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#50
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Registered User
Join Date: Mar 2017
Posts: 5,800
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07-28-2022, 11:30 AM
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#51
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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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Yahoo Finance | Alexandra Semenova |Thu, July 28, 2022 5:32 AM
U.S. economy contracts for second-straight quarter, GDP falls at 0.9% pace in Q2:
https://finance.yahoo.com/news/q-2-u...123214911.html
Quote:
U.S. economic activity contracted for the second consecutive quarter in Q2, data from the Commerce Department showed Thursday.
The Bureau of Economic Analysis' advance estimate of Q2 U.S. gross domestic product (GDP) showed a 0.9% annualized decrease in economic growth for the three-month period ended June 30.
Economists surveyed by Bloomberg expected data to show the U.S. economy grew at an annualized pace of 0.4% last quarter.
The decline in GDP comes after U.S. economic activity unexpectedly fell 1.6% during the first quarter, the first negative reading since the second quarter of 2020. Two straight negative GDP prints meets the unofficial definition of a recession.
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And then there's this from back in April...
http://www.paceadvantage.com/forum/s...07&postcount=7
Quote:
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Originally Posted by mostpost
...Mark my words, there will be a big rebound in quarter 2.
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Wait. You mean that big rebound for Q2 wasn't a mortal lock? 
-jp
.
__________________
Team JCapper: 2011 PAIHL Regular Season ROI Leader after 15 weeks
www.JCapper.com
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07-28-2022, 11:37 AM
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#52
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Registered User
Join Date: Dec 2005
Location: Western NY
Posts: 5,336
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Quote:
Originally Posted by Jeff P
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We marked Musty's words like a dog pissing on a fire hydrant.
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07-28-2022, 11:44 AM
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#53
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Registered User
Join Date: May 2018
Location: Huntington Beach, Ca
Posts: 554
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Quote:
Originally Posted by Jeff P
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The definition of "rebound" will be changing.
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07-28-2022, 12:14 PM
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#54
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Registered User
Join Date: Dec 2005
Location: Western NY
Posts: 5,336
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Quote:
Originally Posted by Cuffdaddy
The definition of "rebound" will be changing.
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If the next quarter contracts less than .9%, it will be a rebound.
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07-28-2022, 12:26 PM
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#55
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Registered User
Join Date: Aug 2017
Location: Near Lexington, KY
Posts: 3,246
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__________________
Just when you least expect it...just what you least expect-The Pet Shop Boys.
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07-28-2022, 12:28 PM
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#56
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Registered User
Join Date: Aug 2017
Location: Near Lexington, KY
Posts: 3,246
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Quote:
Originally Posted by Jeff P
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Jeff P 
I remember that quote well...as I should. 
__________________
Just when you least expect it...just what you least expect-The Pet Shop Boys.
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07-28-2022, 12:41 PM
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#57
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Registered User
Join Date: Jan 2015
Location: Beaverdam Virginia
Posts: 12,696
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Are those GDP numbers adjusted for inflation?
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07-28-2022, 12:52 PM
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#58
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,616
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Quote:
Originally Posted by mostpost
ALSO. The consensus is that there will be a .5% gain in GDP.
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WRONG AGAIN bucko...as usual...
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07-28-2022, 01:23 PM
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#59
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Registered User
Join Date: Aug 2017
Location: Near Lexington, KY
Posts: 3,246
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Quote:
Originally Posted by Cuffdaddy
The definition of "rebound" will be changing.
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__________________
Just when you least expect it...just what you least expect-The Pet Shop Boys.
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07-28-2022, 01:40 PM
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#60
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Registered User
Join Date: Jan 2015
Location: Beaverdam Virginia
Posts: 12,696
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Quote:
Originally Posted by Cuffdaddy
The definition of "rebound" will be changing.
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Well, according to liberals women can have penises, and men vaginas now.
I am thinking since they are constantly changing the meaning of words so frequently print dictionaries are useless.
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