I beg of you - please - don't let them insult your intelligence.
The federal government has been crafting narratives to fit their agenda for 50 years and will not change direction. We are screwed and people are going to learn (the hard way) to think for themselves. Hard times are coming. Pray, plan, prepare and RESIST.
The government's economists have for decades used the two quarters of declining GDP as the technical definition of a recession.
Given that this country has experienced two YEARS and counting of stagflation, the technical definition has lost almost all practical relevance. For the great swath of the population, the recession has been here for quite a while.
The current's regime's pathetic attempts to deny that reality aren't fooling anyone already grappling with rising economic privation.
Wow! This is on par with the piece that is headlining over at Lew Rockwell this morning. It's jaw dropping. This is like the "Burt" character in the TV series Soap telling everyone he's invisible -- "you can't see me."
Everyone in the room is like, "is this for real or a joke??"
Or, for a more contemporary analogy, this is the Jedi trying to use mind tricks on Jabba the Hut. These are SO the fucken droids we're looking for!!
As always, it's fun to read your wit even though we all know this can't end well.
Orwell explained it perfectly
What makes you think I pay attention to ANYTHING that comes out of that white building along Pennsylvania Avenue? Any communications from that place is a lie just like any other alphabet agency. The last person to tell the truth about what DC is doing (Julian Assange) was illegally arrested, detained, convicted and is now slowly being killed...
Have we reached the "we know they know we know they're lying" phase yet?
How long until you try and type the word “recession” in your phone or Google Docs and the predictive text auto completes “…is not happening, economists agree.”
Welcome to the memory hole.
The definition for recession will be changed just as the definition for vaccine was changed. Drugs that could be re-purposed with known safety profiles and mechanisms of action were demonized even if one of them, ivermectin, had more than 4 billion doses given to people, a safety profile better than aspirin, and is more effective than paxlovid. The Gov't and unelected bureaucrats (Deep State and MSM) control the narrative. Remember, inflation was called "transitory" or attributed to Putin. I found the inflation of the '70s to be extremely hard for me personally, I was overjoyed to see it reappear.
FORGET PEDO PETE, WHAT IS CRAMER SAYING ABOUT THE ECONOMY? ;)
CRAMERsteria: Best Jim Cramer, The Meme of Wall Street, Memes (This Vaxhole Clown See's No Recession!)
- The Inverse Cramer. Investor BDSM or Cramer effect? If Cramer was in Rome back in 476AD, this vaxhole wanted the military to inject you, and more Jim Cramer, the Meme of Wall Street, memes!
The only reason this administration can do this is because of the government-funded and government-backed media industry. Not only does it not call them out on their idiotic pronouncements and policies, it actively supports and encourages them.
Looking at this issue, my question is 'who is buying this narrative?'. Specifically, does anyone know an actual person who believes the idea of 'non specific recession definition' is actually changing or capturing reality at the cash register? I'm not talking a broad brush "all the 'x' type morons believe it", but if there are actual people who believe the line being sold. Why is that important? Because it tells us if the placebos are having a real effect. It also indicates how close we are to an actual substantive shift in the mindset of the citizenry, as well as in policy at various levels.
If the next quarter is worse, what will they say then?
You lost me at "... Afghanistan, Hunter Biden’s laptop, the origins of Covid, what vaccines are and are not capable of doing ..." Radical Right shill commentary!!!!
Be careful using Goolag as a reference for a definition. Hint: the definition of a Plandemic, the definition of natural immunity, the definition of a “safe and effective” vaccine, etcetera…
It's not a recession, it's significant shrinkage. It was in the pool!
I guessed on the last thread for 75bp hike and -0.9% GDP - I got it perfectly correct! I will gladly take that free year subscription! Find my comment and you'll see I posted yesterday around 8:30am CST and didn't edit it, either.