The Official Recession 2022 TLR Thread

[Billy Ocean]

No it did not

Stfu

 

[hu3ypdadon]

Given people stimulus money who didn't need it is why we're fcked up now.

Wrong!
It’s actually way more complicated than that

 

[Billy Ocean]

Its technically been a recession for the last 6 months...this just confirms it

Tell that dumb fakkit @CrimsonTider, breh.

 

[Wildhundreds]

Wrong!
It’s actually way more complicated than that

Not by much. The global economy was fcked. So the fact that the entire globe was in a pandemic, manufacturing was almost at a standstill, being a glutinous consumer didn't help at all.

 

[YaThreadTrashB!]

That’s a textbook definition

But what is a recession with historically low unemployment and high demand?

How do you have a actual recession without high unemployment?

The unemployment #s are bullshyt and have been for 20 plus years

 

[Wildhundreds]

exactly. i knew it back then that they were gonna come back for all that, the gov aint giving out free money to the people without getting something in return

People didn't know how the future was going to look, then went crazy and bought everything their hearts desired. Meanwhile manufacturing was at a standstill. Off course that was going to cause major problems afterwards.

 

[Black White Sox Hat]

I do see houses on the market price cutting and dropping 20-30k over the last couple weeks..


It’s happening.

 

[CrimsonTider]

Its technically been a recession for the last 6 months...this just confirms it

The high unemployment will come after the Fiscal year takes place in September you dumb fukk

What are you basing this on

Tell that dumb fakkit @CrimsonTider, breh.

So you can’t explain how it’s felt like a recession

The unemployment #s are bullshyt and have been for 20 plus years

Are trying to say there isn’t a record low unemployment rate based on how we measure unemployment?

 

[CrimsonTider]

Its technically been a recession for the last 6 months...this just confirms it

This is based on what?

I do see houses on the market price cutting and dropping 20-30k over the last couple weeks..

Raising interest rates is going to drop housing prices

 

[YaThreadTrashB!]

What are you basing this on

So you can’t explain how it’s felt like a recession

Are trying to say there isn’t a record low unemployment rate based on how we measure unemployment?

Yes the way it’s measured has changed over time. There are record people quitting their jobs right now and aren’t being added to the unemployment rates because of technicalities.


Demand is high because people are leaving their jobs all the time.

 

[Billy Ocean]

So you can’t explain how it’s felt like a recession

Felt, right? People been feeling they been fukked up for a hot minute now...prices on groceries, soaring rent, gas prices, high crime and homelessness...

Yea, nikka...it felt like we were in a recession anyways.

And ain't you from Canada? fukk you in here running ya mouth for?

 

[MikelArteta]

it's a recession everybody broke (except on the coli) so i just came back to give everybody hope

 

[AAKing23]

We need it

 

[Panther]

Two negative GDP growth is a recession

This is the common definition but not the official way recession is declared in our economy.

 

[CrimsonTider]

Yes the way it’s measured has changed over time. There are record people quitting their jobs right now and aren’t being added to the unemployment rates because of technicalities.


Demand is high because people are leaving their jobs all the time.

People are leaving jobs for other jobs, they’re not dropping out of the workforce

I was talking about demand of goods.

Felt, right? People been feeling they been fukked up for a hot minute now...prices on groceries, soaring rent, gas prices, high crime and homelessness...

Yea, nikka...it felt like we were in a recession anyways.

And ain't you from Canada? fukk you in here running ya mouth for?

None of what you described are elements of a recession

High inflation doesn’t mean recession it actually means the opposite.

Crime and homelessness are not up due to the economy

I’m not from Canada