Biden recession has arrived.

Discussion in 'Economics & Trade' started by Bullseye, Jul 1, 2022.

  1. Bullseye

    Bullseye Well-Known Member

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    Yeah, despite all the gas he's been blowing about how great he's doing with the economy today it was announced that GDP shrunk for the second consecutive quarter with a negative growth

     
  2. wgabrie

    wgabrie Well-Known Member Donor

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    Darn, a recession? I thought that if the people were working and making money then we wouldn't see a recession.

    Negative growth? Should I be worried about negative interest rates at the bank?

    Well, at least the negative shrinkage is slowing. It should take 2-3 quarters to turn it around if Dems are good, but that victory won't come in time to save Democrats in Congress from being voted out this year in the elections.
     
  3. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    Well, if that money is worth less, then "more money" will actually be "less money", wouldn't it?

    Got to be careful how we measure the economy now that there's inflation.
     

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