Liberals Devastated As Stock Market Recovers

@JSul3 where was your concern in 2022 & 2023? Oh right, the media didn't bring it up. Even denied we were in a recession when we had 2 consecutive quarters of negative GDP growth.

@BizSuitStacy

No, the US was not officially in a recession in 2022 or 2023. While the economy did experience two consecutive quarters of negative GDP growth in early 2022, which is a common rule of thumb for indicating a recession, the National Bureau of Economic Research (NBER), which formally defines and dates U.S. business cycles, did not declare a recession. The NBER considers a broader range of economic indicators and, in 2022, concluded that the economy did not meet their definition of a recession. In 2023, the US economy demonstrated resilience, with strong growth, moderating inflation, and low unemployment.

Key points about the 2022 and 2023 economic situation:
2022:
The economy experienced two quarters of negative GDP growth, leading to concerns about a recession. However, the NBER did not declare a recession, citing a broader view of economic indicators that did not support a downturn.
2023:
The US economy showed signs of strength, with healthy job growth and moderate inflation, defying expectations of a recession that many economists had predicted.
Recession Definition:
The NBER defines a recession as "a significant decline in economic activity that is spread across the economy and that lasts more than a few months". The two-quarter rule of thumb is a guideline, but the NBER considers a more comprehensive set of data.
In essence, while the initial GDP data raised concerns, the broader economic picture in 2022 and 2023 did not point to a recession according to the NBER's definition.

@JSul3 Pick up any basic, college level, economics textbook and look up the definition of "recession." It's two consecutive quarters of decline in real GDP. Libs love to change definitions and rules as it suits them.

@JSul3 "The Biden administration has "redefined" what constitutes a recession, since they have been denying that the country is in one despite the consecutive quarters of negative economic growth."

Shoul we have called it a booming economy since the left-wing nut-job marxists in the white house did another bullschiff job?

@BizSuitStacy Ya gotta remember who was running the country back then.

@sunsporter1649 Biden didn't start a trade war with everyone.

That's all on your boy Trump.

@JSul3 We know, there were no tariffs imposed on American imports to any other country in the world until President Trump kicked over their house of cards, right?

@sunsporter1649

@ElwoodBlues You mean other countries had tariffs imposed on American imports? Whouda thunk it

@Vin53 Then why did the previous administration try to change the definition?

@sunsporter1649 Look whose trying to change the subject!! Look who's engaging in more and more whataboutism!!!

Sunstroke, you posted
The truth is the market SANK again today. Your claim is dead wrong. End of story!!

@Vin53

@JSul3 The trade war has been going on for years, dimwit...other countries have been using tariffs to keep the US out of their markets. No one ever did anything about it until Trump.

@JSul3 So cutting off the keystone pipeline and making the US dependent on foreign oil, which kicked off inflation was just an accident?

Letting in 12 million illegal aliens most of whom became dependent on the US welfare system was just a mishap?

The brilliant job reports full of part-time & gov't jobs, that were revised downward by tens and even hundreds of thousands every time was a mere coincidence.

You couldn't even explain the bond market in your own words...you had to copy and paste a WaPo article...and you're long term drawing economic conclusions with a week or two of data. That's stupid.

The Trump Organization consists over 500 companies...it's a statistical certainty that some fail. It absolutely requires business brilliance to do that.

You are a truly clueless little Trump hater.

@sunsporter1649 That's not the DJIA price ijit!

That's annualized returns on the DJIA. Not the same at all. Hint: prices are denoted in dollars, not percent. Try again, sunstroke!!

@BizSuitStacy
"So cutting off the keystone pipeline and making the US dependent on foreign oil, which kicked off inflation was just an accident?"

OMG! Back to that Keystone pipeline joke. The Keystone pipeline is alive and well ..and still leaking.
The Keystone XL pipeline was to deliver toxic tar sands from Canada, for export, through a clean water aquifer. This 'toxic brew' was never going to be used for US domestic use. It was for export to other nations.

So you want to expose a clean water aquifer to being contaminated by toxic tar sands.
Got it

@JSul3 still denying it wasn't the catalyst for inflation? I'm sure Joe's autopen went off all by itself.

Just another leftist coincidence, right?

"Ohhh...Trump is deliberately tanking the economy...."
Project much?

How do you braindead communists get through life?

@BizSuitStacy Tanking the market so his pals can clean up?
Yes. Not the first time.