10baggerbamm
:
I hear all these people on TV and on this form recession recession recession. number one by definition under historical standards not the bullshit Biden Janet yellen revision to what a definition is in order to have a recession but the historical getting tested econ 101 is two consecutive quarters of negative GDP. if you do not have two consecutive quarters of negative GDP you do not have a recession. recession two months back to back has been growing we are at 3% GDP that's positive three points up from 2.8 an argument can be made that the Federal reserve does not need to lower interest rates because when you don't have declining gross domestic product you don't need to stimulate the economy and the economy is growing now which means there's inflationary pressures and when you combine the fact that oil prices are falling that increases discretionary income for the average Joe at the end of the day at the end of the week at the end of the month that they can go buy more shit with the more money chases fewer goods is inflation. so everybody understands q1 Q2 of 2021 Biden Harris had a recession under their administration under their term. then you have the old Billy goat Janet yellen says well not really because you need to have high unemployment no you don't that's your revision so that the Republicans don't hold it against Biden Harris for having a recession during their administration it's bullshit it's changing the definition that everybody has been tested on for 75 years in every classroom in upper level study in universities and colleges around the world.
10baggerbamm : I hear all these people on TV and on this form recession recession recession. number one by definition under historical standards not the bullshit Biden Janet yellen revision to what a definition is in order to have a recession but the historical getting tested econ 101 is two consecutive quarters of negative GDP.
if you do not have two consecutive quarters of negative GDP you do not have a recession.
recession two months back to back has been growing we are at 3% GDP that's positive three points up from 2.8
an argument can be made that the Federal reserve does not need to lower interest rates because when you don't have declining gross domestic product you don't need to stimulate the economy and the economy is growing now which means there's inflationary pressures and when you combine the fact that oil prices are falling that increases discretionary income for the average Joe at the end of the day at the end of the week at the end of the month that they can go buy more shit with the more money chases fewer goods is inflation.
so everybody understands q1 Q2 of 2021 Biden Harris had a recession under their administration under their term.
then you have the old Billy goat Janet yellen says well not really because you need to have high unemployment no you don't that's your revision so that the Republicans don't hold it against Biden Harris for having a recession during their administration it's bullshit it's changing the definition that everybody has been tested on for 75 years in every classroom in upper level study in universities and colleges around the world.