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Aug 2, 2024
9:21
:04
am
rad dawg
All-American
Here's a few
Unemployment rate
Debt delinquency
Manufacturing index
Home sales and mortgage application index
Full time v part time job growth
Personal savings rate
All of these indicate a "significant decline in economic activity"
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rad dawg
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rad dawg
Joined
Nov 7, 2010
Last login
Sep 16, 2024
Total posts
13,466 (51 FO)
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Messages
Author
Time
I've seen a couple of people say, on CB, today that we are already in a recession or have been in one for a few months.
Tokolosh
Stop the Stupid party member
Aug 2, 8:59am
Of course we are
JupiterJones
Aug 2, 8:59am
By what metric?
Tokolosh
Aug 2, 9:01am
Vibes are generally how we measure economic performance
vagabonder
Aug 2, 9:17am
Here's a few
rad dawg
Aug 2, 9:21am
This is the reason why. Traditionally recession has been triggered by GDP growth numbers that are adjusted
CSoul
Aug 2, 9:02am
I can get behind that. GDP growth is largely driven by price increase, not by increased economic activity?
Tokolosh
Aug 2, 9:05am
Yup, and consumer goods and housing in particular have seen a big price increase so it's not a surprise
CSoul
Aug 2, 9:08am
I think this is mostly because many people don’t understand economics or the
Japan Coug
Aug 2, 9:35am
It's ok, if we are in a recession, we'll just change the definition again.
TheNerd
Aug 2, 10:09am
^^This^^
Hank Rearden
Aug 2, 10:19am
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