CNN now admits we "may" be in a recession. A recession is clearly defined as 2 consecutive quarters of economic downturn. There's no "maybe"
We are in a recession.
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ron122 路 41-45, M
But braindead Biden says we're not.馃ぃ
Graylight 路 51-55, F
@ron122 There's actually a committee that decides - a group of eight economists that meet to demarcate when a downturn started or stopped. This is the Business Cycle Dating Committee, and it's housed within the National Bureau of Economic Research. They have stated more than once that the nation is not in a recession and even if it were to slide into one, it would be some time before it would be called such.
But you follow whatever Rogan and the other blowhards come up with.
But you follow whatever Rogan and the other blowhards come up with.
ron122 路 41-45, M
@Graylight Well I'm sure not going to follow the garbage you come up with. re路ces路sion
[r蓹藞seSH(蓹)n]
NOUN
a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters:
That's how a resection has always been defined until Biden tried to change the definition.
[r蓹藞seSH(蓹)n]
NOUN
a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters:
That's how a resection has always been defined until Biden tried to change the definition.