Recession has a specific definition. Unless you’ve had however many quarters of negative growth or bad GDP or however the fuck economists define it then you’re not in recession.
Based on my quick search I’m assuming by “they” you mean the NBER and by “we” you mean the USA? It seems the rest of us have agreed on the definition being 2 quarters.
Planet earth’s been on the verge of a recession since 4bya. Various economists have been able to predict a recession every year since the term was invented. Stay safe
“On the verge” of a recession? What the fuck planet are you living on?
Recession has a specific definition. Unless you’ve had however many quarters of negative growth or bad GDP or however the fuck economists define it then you’re not in recession.
They’ve changed the definition of recession like 5 times in the past 3 years. We’ve had numerous consecutive quarters with negative GDP growth.
Based on my quick search I’m assuming by “they” you mean the NBER and by “we” you mean the USA? It seems the rest of us have agreed on the definition being 2 quarters.
Planet earth’s been on the verge of a recession since 4bya. Various economists have been able to predict a recession every year since the term was invented. Stay safe
Michael Burry has successfully predicted 92 of the last 3 recessions.
“No need to worry, citizen! We have once again successfully avoided a recession by changing how a recession is defined!”
How can it be a recession when the .01% is richer than ever before?
What do you mean? Corporate profits are higher than they’ve ever been!
/s in case that wasn’t obvious