Here's a few

Aug 2, 2024
9:21:04am

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

Bio page: rad dawg
Joined: Nov 7, 2010
Last login: Sep 8, 2024
Total posts: 13,385 (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^^

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