LOL. You know that the traditional definition of a recession is 2 straight quarters of negative GDP and you are now crying that you got called out. Sounds like the Wall story all over again...
Haha, you provided the definition not being that. In response, now it is "the traditional definition." (with no evidence, it should be noted). Thanks for admitting you are wrong, skippy.
Although I cannot speak for Fox News or the other right-wing networks virtually every mainstream network or cable channel except for possible the sports cable channels is loaded with commercials promoting HIV prep. I also think that you're confusing CNBC with MSNBC which does lean rather far to the left.
Lol, okay own goal. Let me know next time you decide to kick the ball in your own net by providing the links that prove your own point wrong. You said that they used two quarters of negative GDP growth and then provided a link that provided a definition that contained neither. Good work, sport!
Please stop wasting thread space continually proving you don’t understand the definition of a recession.
Two straight quarters of negative growth is one, unofficial way of declaring an economy in recession. But it's not the official definition used by the NBER, which is "A significant decline in economic activity that is spread across the economy and that lasts more than a few months.” Notice, nowhere does it mention quarters or negative growth. The NBER uses much more nuanced data than just economic growth numbers to declare an official recession. Others may use their own numbers, including the two straight quarters of economic decline, and using that definition alone, they aren't wrong. But looking at more than just those numbers, like the NBER, we were not in a recession.
Thanks for your lack of contribution, as usual. Why don't you go read the definitions provided on this thread for the US and try to learn something? Or not.
Explaining recession to you…It would be like explaining letters and sounds to my pre k child. Not fun and would take weeks of work. Pass. You need to go back to work, you waste your time here with your nonsense.
I'll bet the same mensas that said there would be no inflation are now poo pooing recession chances...
How about explain it to me like a person with extensive graduate coursework in economics? I'd be willing to put my background on this topic against your's any day of the week. Let me ask you this, do you even know who NBER is?
Sounds like you wasted a lot of money and time on that degree. Sorry about that. You’re trying to twist words to make some sort of argument but it’s quite simple. Two consecutive quarters of negative gdp is all it takes man.
Sounds like you are in over your head but don't realize it. Sorry about that. That is false. NBER declares the starts and ends of recessions in the US. They utilize a decline in a variety of metrics over an unspecified period of time in order to come to this conclusion. That is why there was no recession declared in 2022, as they pointed out that the labor market remained strong despite the government spending being cut and causing a decline in GDP.
No, it's cnbc. I only watch squawk box in the am. Well, when I have the ability to mute the tv. I don't watch any msm national news stations. Left or right.
Im not sure if you did or not, but I did major in finance. It was literally the first signal you learn about.
Sorry, but I doubt that your Finance class was teaching you incorrect economics issues. Not even sure why they would, given that the topic is Macroeconomics, not Finance. Again, feel free to look up the definition according to NBER, who declared recessions in the US.
Need macro to get into finance. So you majored in finance and were taught differently? That’s strange to me that UF would teach differently, but I’m sure some profs teach differently than others. Just seems like a major sticking point that one would say look for this and different would say don’t.
The two straight quarters of negative growth equals recession is an old-school, unofficial metric. There's nothing wrong with looking at it, and it helps with historical comparisons. But the NBER uses a lot more data points and is much more accurate when it comes to reporting actual recessions.
I very much doubt your basic macroeconomics class taught you that 2 negative quarters of GDP growth is a recession.
