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The Q2 GDP estimate came out on Thursday. Nobody said we weren't in a recession following that, only that the current economy is not like past recessions. If yo
by lern_too_spel 4y ago
The Q2 GDP estimate came out on Thursday. Nobody said we weren't in a recession following that, only that the current economy is not like past recessions. If you try following the news, you might be less confused.
- noonesays 4y ago> Nobody said we weren't in a recession following that https://www.cnbc.com/2022/07/29/white-house-goes-on-offense-to-argue-that-the-us-is-not-in-a-recession-.html https://www.cnbc.com/2022/07/29/white-house-goes-on-offense-... https://en.wikipedia.org/wiki/Gaslighting https://en.wikipedia.org/wiki/Gaslighting
- lern_too_spel 4y agoThey said that there are reasons NBER might not call it a recession when they make their determination. They did not directly say that we aren't in a recession, by the two quarter rule or otherwise.