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Recession officially here.
29-Jul-22 12:04am
#1
Reed
450 Trade Quintuple Gold Good Trader Global Trader - willing to trade internationally

With the GDP report out today, we are officially in a recession. How's everyone been holding up?
29-Jul-22 12:17am
#2
Porksta
GameTZ Subscriber 400 Trade Quintuple Gold Good Trader Global Trader - willing to trade internationally This user is on the site NOW (2 minutes ago)

Won't really impact me as I am going to be a multi millionaire tomorrow.

29-Jul-22 12:20am
#3
Reed
450 Trade Quintuple Gold Good Trader Global Trader - willing to trade internationally

Porksta wrote:
Won't really impact me as I am going to be a multi millionaire tomorrow.
Lmaoooo LFG!
29-Jul-22 3:42am
#4
theJaw
GameTZ Subscriber Triple Gold Good Trader

We get it, you read a very compelling Tweet.
29-Jul-22 3:44am
#5
BioHazardMan
Double Gold Good Trader Global Trader - willing to trade internationally Has Written 6 Reviews

theJaw wrote:
We get it, you read a very compelling Tweet.
Isn't two consecutive quarters of negative growth a recession, or are we no longer using the definition of a recession economists have been using forever?
29-Jul-22 3:50am
#6
theJaw
GameTZ Subscriber Triple Gold Good Trader

I mean, most economists don't feel it meets the definition of a recession yet. There are several factors besides negative growth to be taken into account. There is certainly fear that we're heading that way, and I'd be in no way surprised by it. But until economists start confirming it, I'm gonna go ahead and assume Reed heard someone use the term as a gut wrench reaction to the negative growth and, like so many, immediately took it at face value.

That said, I'm definitely no expert. But that's also why I wait for said experts, and not the general internet, to weigh in when it comes to these scenarios.
29-Jul-22 7:04am
#7
Reed
450 Trade Quintuple Gold Good Trader Global Trader - willing to trade internationally

BioHazardMan wrote:
theJaw wrote:> We get it, you read a very compelling Tweet. Isn't two consecutive quarters of negative growth a recession, or are we no longer using the definition of a recession economists have been using forever?
The media and leftist are waiting for a panel of economist that may or may not have ulterior motives to officially declare a recession, instead of using the definition in every economics book written for the last 100 years.
29-Jul-22 8:11am
#8
Kommie
GameTZ Subscriber 250 Trade Quintuple Gold Good Trader

I'm just shocked you're not saying the recession is happening cause scams like Crypto and NFTs are tanking.
29-Jul-22 8:50am
#9
Gypsy
GameTZ Subscriber 250 Trade Quintuple Gold Good Trader Global Trader - willing to trade internationally This user is on the site NOW (6 minutes ago)

We are not in a recession man says, as many can no longer afford things they could afford before.
29-Jul-22 8:59am
#10
Lunar
GameTZ Subscriber 950 Trade Quintuple Gold Good Trader Gold Global Trader (8) This user is on the site NOW (1 minute ago)

Gypsy wrote:
We are not in a recession man says, as many can no longer afford things they could afford before.
Yea I can't even afford a Super Mario World CIB anymore


29-Jul-22 9:01am
#11
Gypsy
GameTZ Subscriber 250 Trade Quintuple Gold Good Trader Global Trader - willing to trade internationally This user is on the site NOW (6 minutes ago)

Lunar wrote:
Gypsy wrote:> We are not in a recession man says, as many can no longer afford things they could> afford before. Yea I can't even afford a Super Mario World CIB anymore
https://www.youtube....
29-Jul-22 10:51am
#12
Shane12m
Triple Gold Good Trader

theJaw wrote:
We get it, you read a very compelling Tweet.
Why you gotta come in all hostile man?
29-Jul-22 10:52am
#13
theJaw
GameTZ Subscriber Triple Gold Good Trader

Shane12m wrote:
theJaw wrote:> We get it, you read a very compelling Tweet. Why you gotta come in all hostile man?
That was hostile? You'll be okay.
29-Jul-22 2:24pm
#14
Shane12m
Triple Gold Good Trader

theJaw wrote:
Shane12m wrote:> theJaw wrote: |>> We get it, you read a very compelling Tweet.> > Why you gotta come in all hostile man? That was hostile? You'll be okay.
Okay my bad, passive aggressive, that better?
29-Jul-22 2:41pm
#15
theJaw
GameTZ Subscriber Triple Gold Good Trader

Again, I think you'll be okay.
29-Jul-22 2:41pm
#16
Archer
GameTZ Subscriber 500 Trade Quintuple Gold Good Trader Has Written 1 Review

I've personally been in a recession all year.

Actually I shouldn't say that. I should say I am the recession.
I can afford things. I'm just not spending money this year. I'm pinching every penny I can. It just felt like the right thing to do at the start of the year.
29-Jul-22 3:57pm
#17
BlueJava
Double Gold Good Trader

Is this the same recession the entire world is in or are you referring to Biden's recession?

Can someone tell all of these corporations about this recession because they haven't got the memo yet because of their record breaking profits they are posting every quarter.

How do we fix this? I hope your answer isn't to vote back in the previous guy who had complete control of the senate/congress and all that was accomplished were massive tax breaks for the wealthy. That president did exactly NOTHING to help the common man yet the uneducated betrayed their country for him.

It's hard to people serious when they throw around leftist/libtard or other random things because it shows a clear indication they don't want to have a good faith discussion but rather a shouting match.

29-Jul-22 4:18pm
#18
theJaw
GameTZ Subscriber Triple Gold Good Trader

No. Every economist who disagrees with the assessment of roughly 5 or 6 guys on GTZ are clearly just part of a larger leftist conspiracy theory, duh. Just like the doctors who suggest masking back up, or those investigating January 6th. Anything to shift blame back onto the mean ol' "Left" and spark up another baseless dick measuring contest.

The fact remains that, no, this one specific detail is not the sole basis in defining a recession and the experts aren't just saying that to protect anybody. As several economists have made clear, there are multiple factors and they're not willing to call this a recession just yet. They openly admit that they're not as confident as they once were (which flies in the face of the idea that they're just covering up for "leftists"), so no one's implying it can't get to that point.

It's just fairly evident that Reed's intention when posting a (gasp) passive aggressive "Good Job Joe!" last night, and then immediately attacking anyone who doesn't agree with his insinuation that the recession is "official" as being conspiratorial, was to spark a bad faith argument thinking it'd be a dunk on "the left" (many of whom don't even like Biden). Silliness, I tell ya.
29-Jul-22 5:25pm
#19
theyrhere
GameTZ Subscriber 250 Trade Quintuple Gold Good Trader Has Written 2 Reviews

theJaw wrote:
No. Every economist who disagrees with the assessment of roughly 5 or 6 guys on GTZ are clearly just part of a larger leftist conspiracy theory, duh.
Keep telling these people, there is no such thing as a *large* leftist anything. It's unfortunate, honestly
29-Jul-22 5:40pm
#20
Gypsy
GameTZ Subscriber 250 Trade Quintuple Gold Good Trader Global Trader - willing to trade internationally This user is on the site NOW (6 minutes ago)

BlueJava wrote:
It's hard to people serious when they throw around leftist/libtard or other random things because it shows a clear indication they don't want to have a good faith discussion but rather a shouting match.
Yeah I don't take people seriously when they use these terms frequently. Same for people that use "far right".
29-Jul-22 7:32pm
#21
bill
GameTZ Subscriber GameTZ Full Moderator 600 Trade Quintuple Gold Good Trader Has Written 28 Reviews

I remember in the 70s the media liked the word "stagflation".

Recession officially here.