A Recession on the Way?

Discussion in 'The Red Room' started by Steal Your Face, Jan 15, 2022.

  1. Steal Your Face

    Steal Your Face Anti-Federalist

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  2. Tuckerfan

    Tuckerfan BMF

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    Oh, just an FYI, if you check the profile page of the guy whose tweets the idiot boy has cited, there’s two big red flags. See if you can spot them.


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  3. Steal Your Face

    Steal Your Face Anti-Federalist

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    What are you not seeing?
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  4. Diacanu

    Diacanu Comicmike. Writer

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    Fun fact: The Heritage Foundation is drawing up plans for Trump's dictatorship as we speak.
    Okay, that's not really fun.
    Except to point out everything FF believes in is smeared in Satan's feces.
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  5. Ancalagon

    Ancalagon Scalawag Administrator Formerly Important

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    The negative growth.
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  6. Steal Your Face

    Steal Your Face Anti-Federalist

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    https://www.cnn.com/2022/09/29/business/us-gdp-q2-final/index.html
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  7. Ancalagon

    Ancalagon Scalawag Administrator Formerly Important

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    Right. Again. I’m looking at the actual, corrected, Fed data (not a year and half old article [notice the word ESTIMATES used twice in your excerpt]) and aren’t seeing the dip.

    Here it is again for you:

    https://fred.stlouisfed.org/series/NC000334Q

    Please point out the dip or even serious stagnation.
    Last edited: Jan 6, 2024
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  8. tafkats

    tafkats scream not working because space make deaf Moderator

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    Holy shit, the kid is desperate.

    The economy can't be doing well under Biden! IT CAN'T IT CAN'T IT CAN'T!
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  9. Steal Your Face

    Steal Your Face Anti-Federalist

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    Read and understand the words that I'm quoting, I'm not going to repeat it over and over and over.
    https://fred.stlouisfed.org/series/NB000334Q
    https://www.dallasfed.org/research/economics/2022/0802/
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  10. Steal Your Face

    Steal Your Face Anti-Federalist

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    It isn't doing well.
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  11. Ancalagon

    Ancalagon Scalawag Administrator Formerly Important

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    :bang: :bang: :bang:

    READ THE CHART IN YOUR FIRST LINK!

    COMPARE Q1 2021 TO Q1 2022 AND Q2 2021 TO Q2 2022!

    WHICH NUMBER IS THE LARGER NUMBER AND WHICH THE SMALLER?!?!

    YOU CAN UNDERSTAND THE CONCEPT OF LARGER THAN AND SMALLER THAN CAN’T YOU?!?

    FUCK!

    CHRIST MAN HOW MANY TIMES DO I HAVE TO TELL YOU TO READ YOUR OWN GOD DAMN LINKS!

    :bang: :bang: :bang:

    Which leads me to your second link. Pay attention to this part:

    AUGUST 02, 2022

    FOR THE THIRD FUCKING TIME TONIGHT YOU ARE QUOTING AN ESTIMATE! YOU UNDERSTAND WHAT AN INITIAL ESTIMATE IS? CAN YOUR BRAIN COMPREHEND THAT AS THEY GET THE ACTUAL HARD NUMBERS IT GETS REVISED UP OR DOWN?!?!? CAN THAT BOOZE ADDLED LITTLE BRAIN GRASP THIS?!?!?
    Last edited: Jan 6, 2024
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  12. Steal Your Face

    Steal Your Face Anti-Federalist

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    What part of the GDP fell in the first and second quarters of 2022 do you not understand ?
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  13. Ancalagon

    Ancalagon Scalawag Administrator Formerly Important

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    NO.

    IT.

    DIDN’T.

    YOU.

    FUCKING.

    MORON.

    :bang: :bang: :bang:

    READ.

    THE.

    CHART.

    IN.

    YOUR.

    FIRST.

    LINK!

    :bang: :bang: :bang:

    COMPARE Q1 2021 TO Q1 2022 AND Q2 2021 TO Q2 2022!

    WHICH NUMBER IS THE LARGER NUMBER AND WHICH THE SMALLER?!?!

    YOU CAN UNDERSTAND THE CONCEPT OF LARGER THAN AND SMALLER THAN CAN’T YOU?!?
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  14. Ancalagon

    Ancalagon Scalawag Administrator Formerly Important

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    Someone check my work here.

    Am I taking crazy pills or does Billy’s own link to quarterly Fed numbers not show:

    Q1 2021: 104.346
    Q1 2022: 108.173

    Q2 2021: 108.852
    Q2 2022: 110.845

    Did I just completely fail my kindergarten math or is in both cases the 2022 Real GDP number LARGER THAN the 2021 Real GDP number?!?

    AM I FUCKING CRAZY?!?! WHAT THE FUCK IS GOING ON HERE?!?!?
    Last edited: Jan 6, 2024
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  15. MikeH92467

    MikeH92467 RadioNinja

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    Just because you're reduced to working at Subway and drinking Keystone Light doesn't mean the rest of us aren't doing just fine. By the way, ICYMI, we are now in the first quarter of 2024. :spock:
    Last edited by a moderator: Jan 7, 2024
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  16. Tuckerfan

    Tuckerfan BMF

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    ^Fix your quote tags, Dayton.
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  17. Bickendan

    Bickendan Custom Title Administrator Faceless Mook Writer

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    Between Dayton and oldfella, who was worse with quote tags? :chris:
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  18. shootER

    shootER Insubordinate...and churlish Administrator

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    IMG_5160.jpeg
    Last edited: Jan 7, 2024
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  19. Tuckerfan

    Tuckerfan BMF

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    Fail, no way FF is that old or that fit.
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  20. Tuckerfan

    Tuckerfan BMF

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    Dayton. Oldfella was just stupid, but Dayton eventually admitted that he did it on purpose.
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  21. Ancalagon

    Ancalagon Scalawag Administrator Formerly Important

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    It annoyed me so I fixed it.
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  22. matthunter

    matthunter Ice Bear

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    Don 't yew be bringin' none a' yaw fancy DemocRAT "math" in hear boy! Them good old GOP boys SAID th'conomy was fucked and they was RIGHT!!
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  23. Damar

    Damar Liberal Elitist

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    Q2 2022 was revised and is no longer negative.

    Two quarters of negative GDP equals a recession has never been the accepted definition of a recession. Maybe for some lazy economists and business writers. The NBER looks at a much broader data set to determine if the economy is in recession.
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  24. Bailey

    Bailey It's always Christmas Eve Super Moderator

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    This has been pointed out to FF, including the fact that they have used the current definition for many years. As a dedicated student of history though he has no need for things like primary sources, and much prefers his own memories of tradition.
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  25. tafkats

    tafkats scream not working because space make deaf Moderator

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    I just got the statement for my Vanguard investment accounts, and even though I paused my contributions for most of the year in favor of funding an account that comes with an employer match, their value just hit a new high.

    But the economy will be collapsing any second now! I just know it! Biden's in charge, so things have to be bad!
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  26. Ancalagon

    Ancalagon Scalawag Administrator Formerly Important

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    Wonder how long Billy will ignore the thread this time before coming back and restating that we were/are in a recession but we are all just refusing to acknowledge it?
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  27. Steal Your Face

    Steal Your Face Anti-Federalist

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    Find where I said we were definitely in a recession. While you’re at it, try and dispute what I posted about the jobs report that you skipped over.
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  28. Ancalagon

    Ancalagon Scalawag Administrator Formerly Important

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    Do you acknowledge that you were basing your contention on estimates that were later revised upwards and that under no definition were we in nor are we currently in a recession?
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  29. Jenee

    Jenee Driver 8

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    Apologies for the tangent, but … have you spent a lot of time in the US? Most people I know who are not from the US, say they cannot hear a southern accent.
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  30. Ancalagon

    Ancalagon Scalawag Administrator Formerly Important

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    Well that went exactly as expected.
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