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GDP contraction deepens giving fresh recession clues amid soaring inflation

Discussion in 'Current Events' started by sec, Jun 29, 2022.

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  1. sec

    sec Well-Known Member

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    https://www.foxbusiness.com/economy/gdp-update-give-fresh-recession-clues-soaring-inflation

    HYPERLINK has full article

    snip

    The latest report released by Commerce Department on Wednesday showed that gross domestic product, the broadest measure of goods and services produced across the economy, shrank by 1.6%

    end snip

    This should come as no surprise that the GDP shrunk by more than initially reported.

    It is quite clear that full Democrat control has done nothing but harm this nation

    Good luck to all of us until the right can be wronged in November
     
    sec, Jun 29, 2022
    #1
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  2. Zorro

    Zorro Well-Known Member

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    Adjusting for Inflation:

    [​IMG]​
     
    Zorro, Jul 2, 2022
    #2
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  3. Steve N

    Steve N Well-Known Member Past Donor

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    Libs like to brag that much of this country’s wealth is located in democrat states and cities. The shitshow currently happening under democrat leadership is proof that the wealth in those states and cities in not happening because of democrat policies, it’s happening in spite of democrat policies.
     
    Steve N, Jul 2, 2022
    #3
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  4. FreshAir

    FreshAir Well-Known Member Past Donor

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    the right trying to blame this on Biden... Sad!

    All the Trump admin did is kick the can.....


    Trump was on the verge of a recession in 2019... BEFORE COVID

    the fed doesn't do this during a great economy... that the economy was great pre-covid is one of the biggest lies the Republicans ever told.


    "Fed Ups Its Wall Street Bailout to $690 Billion a Week as Media Snoozes" Oct 2019

    https://wallstreetonparade.com/2019...ilout-to-690-billion-a-week-as-media-snoozes/

    and

    "The Federal Reserve Has Already Pumped $9-Trillion into Wall Street in the Past Six Months, and Now Is Offering Banks Another $1.5-Trillion" March 2020

    https://needtoknow.news/2020/03/the...d-now-is-offering-banks-another-1-5-trillion/
     
    Last edited: Jul 2, 2022
    FreshAir, Jul 2, 2022
    #4
  5. XXJefferson#51

    XXJefferson#51 Banned

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    And the initial number for the 2nd quarter is -1.0% and if it isn’t revised sharply up , we are now in a recession. Thank you Let’s go Brandon!
     
    XXJefferson#51, Jul 2, 2022
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  6. XXJefferson#51

    XXJefferson#51 Banned

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    We hadn’t had a real recession since 2009 and the Dow went from 6,500 to 30,000 during those years. We were flatlining at the end of 2016 and the Trump tax cuts revived us.
     
    XXJefferson#51, Jul 2, 2022
    #6
  7. flyboy56

    flyboy56 Well-Known Member Past Donor

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    Biden was fortunate to have hindsight and yet he continued to pump money into the economy. Even in January 2022 he was still pushing his several trillion dollar BBB bill. It wasn't like Biden was doing anything to stop the economic train wreck.
     
    flyboy56, Jul 2, 2022
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  8. XXJefferson#51

    XXJefferson#51 Banned

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    He was trying to make the crash all the more spectacular and painful
     
    XXJefferson#51, Jul 2, 2022
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  9. Bluesguy

    Bluesguy Well-Known Member Donor

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    BIDEN is PRESIDENT. He has been PRESIDENT with a Democrat Congress for over 18 MONTHS so stop with the blaming Trump nonsense. HE is in charge and he is failing even worse than he did with Obama. It is time for him and supporters like you to admit and he fire his advisers and most of his cabinet and get some people in there who can get us back on track and stop just pointing fingers and the HEY don't blame us, just suffer through it.
     
    Bluesguy, Jul 2, 2022
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  10. doombug

    doombug Well-Known Member

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    Thanks Biden.
     
    doombug, Jul 2, 2022
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  11. XXJefferson#51

    XXJefferson#51 Banned

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    Let’s go Brandon!
     
    XXJefferson#51, Jul 2, 2022
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  12. FreshAir

    FreshAir Well-Known Member Past Donor

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    yes, the fed was buying stock and dumping trillions into it pre-covid to keep it artificially high and kick the recession can down the road, that is the real reason we have inflation today
     
    FreshAir, Jul 2, 2022
    #12
  13. FreshAir

    FreshAir Well-Known Member Past Donor

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    just like the right wanted to blame Obama for not cleaning up after Bush fast enough

    now they are blaming Biden for not cleaning up fast enough after Trump

    why do dems always have to clean up after republicans, they keep passing off growing economies and then a republican take office and trashes it all
     
    Last edited: Jul 2, 2022
    FreshAir, Jul 2, 2022
    #13
  14. apexofpurple

    apexofpurple Well-Known Member

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    Watching leftist media fall down the stairs on inflation has been circus grade entertainment.

    [​IMG]
     
    apexofpurple, Jul 2, 2022
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  15. Moolk

    Moolk Banned

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    It’s astounding the left actually trusts the media at this point.

    This economy and recession is completely the fault of Brandon and Dems. Trump had a great economy.
     
    Last edited: Jul 2, 2022
    Moolk, Jul 2, 2022
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  16. Andrew Jackson

    Andrew Jackson Well-Known Member

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    "Infllation" is a Problem?
    That is news to me...
    "Inflation" has never even been mentioned before at PF...
    Thx for the heads up...
     
    Andrew Jackson, Jul 2, 2022
    #16
  17. Zorro

    Zorro Well-Known Member

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    Atlanta Fed is now at -2.1% for Q2. On the heels of -1.6% for Q1, that's Bidenian Crap Show.

    https://www.atlantafed.org/cqer/research/gdpnow
     
    Zorro, Jul 2, 2022
    #17
  18. apexofpurple

    apexofpurple Well-Known Member

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    Did someone say inflation?

    [​IMG]
     
    apexofpurple, Jul 2, 2022
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  19. yangforward

    yangforward Well-Known Member Past Donor

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    Use the search box, it's been mentioned 469 times on PF

    And there are plenty of other economic indicators that have gotten worse since Biden arrived.
     
    yangforward, Jul 2, 2022
    #19
  20. FreshAir

    FreshAir Well-Known Member Past Donor

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    sad, republicans trying so hard to blame inflation on Biden, when Trump just spent more than any other President in history and the Trump FED dumped trillions and trillions into the economy <--- that is what caused inflation
     
    Last edited: Jul 2, 2022
    FreshAir, Jul 2, 2022
    #20
  21. apexofpurple

    apexofpurple Well-Known Member

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    And yet Brandon and his leftist media allies are blaming it on Putin. What's that tell you, Fresh?
     
    apexofpurple, Jul 2, 2022
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  22. Andrew Jackson

    Andrew Jackson Well-Known Member

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    Inflation? Really...
    Who knew?
    Glad to FINALLY see the First-EVER Inflation Thread at PF...
     
    Andrew Jackson, Jul 2, 2022
    #22
  23. Andrew Jackson

    Andrew Jackson Well-Known Member

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    Oh? Really...
    Well, at least this is the 1st-EVER Thread (on Inflation) started by the OP Author...
     
    Andrew Jackson, Jul 2, 2022
    #23
  24. apexofpurple

    apexofpurple Well-Known Member

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    Still not even 0.1% of the number of Russia Russia Russia threads we've had.
     
    apexofpurple, Jul 2, 2022
    #24
  25. FreshAir

    FreshAir Well-Known Member Past Donor

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    sounds like you are blaming Putin to divert from Trump

    the Ukraine war did not help matters, but the cause came before that
     
    Last edited: Jul 2, 2022
    FreshAir, Jul 2, 2022
    #25
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