3 ms·

It's not convoluted at all, it makes perfect sense and you explain it well.

• RC_ITR 4y ago
  Philosophically, GDP is an useful economic metric because it proxies economic activity and in theirframework, economic activity is up, we are just paying for it via trade imbalance, which great, I love that foreigners will trade us goods for debt/assets. Hard to call that a recession (which again is why the 2 quarters thing is dumb).
  • throwawaylinux 4y ago
    You just can't give it a rest can you? You're in total denial of the reality that many people including experts and journalists use the GDP 2 quarters definition, entirely because you are blinded by politics. You didn't even understand how GDP was calculated and had to have the parent poster kindly and simply explain it to you, and instead of being grateful and learning something you've sunk to "it's dumb lol".
    • RC_ITR 4y ago
      I think i ended our conversation with “agree to disagree” then you came over here. So yeah you’re right I can’t give it a rest. But I don’t know why citing BEA releases is considered politics. Like I get it, you don’t like Biden, neither do I! But it’s just so weird that people want to pin this fake recession on him, when in reality they should pin other real shit he did like the crypto bubble from stimulus payments or the inflation that followed. My problem with you isn’t your politics. My problem is that you’re hungry for an easy answer to the detriment of accuracy.