Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,200,891 members, 7,976,339 topics. Date: Wednesday, 16 October 2024 at 05:47 AM |
Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / US Enters Technical Recession After Two Consecutive Negative Growths (28099 Views)
Russian Warship Carrying Hypersonic Nuclear Bombs Enters U.S Mainland (Photos) / Thomas Schäfe Commits Suicide Over Recession Caused By Coronavirus / South Africa Slips Into Technical Recession As GDP Drops 0.7% In Q2 (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (11) (Reply) (Go Down)
Re: US Enters Technical Recession After Two Consecutive Negative Growths by VeryWickedMan: 6:01pm On Jul 28, 2022 |
Eriokanmi: Is Russia in recession? 2 Likes |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 6:01pm On Jul 28, 2022 |
ponziponzi:OP copied a German reporter that called it a technical recession. A German reporter that is not even American. The NBER or Powell did not call it a recession. Until NBER calls it a recession then I will agree. As a matter of fact, recession is not new, it comes and goes. Trump had a recession too. 1 Like 1 Share |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by richmond500: 6:01pm On Jul 28, 2022 |
ufotty2001:dollar isnt getting high, its just getting strong against the naira |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by seunny4lif(m): 6:02pm On Jul 28, 2022 |
Drenimarcus:I don’t want to comment but his comment shocked me as even right now Austria leaders have rejected Poland and Co sanctions on Russia gas but I don’t blame Poland, I blamed German, France and same Austria that was giving Poland and Baltic states free billions of Euros from their own citizen taxpayers every year 2 Likes |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Eriokanmi: 6:02pm On Jul 28, 2022 |
seunny4lif:make I assist you with Google search...
|
Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 6:03pm On Jul 28, 2022 |
Drenimarcus:Those some people are far more educated than you. They control the US economy i.e the NBER and the federal reserve chair. What is your own qualification to call it a recession. Nairaland arm chair expert Until NBER calls it a recession then I will agree. As a matter of fact, recession is not new, it comes and goes. Trump had a recession too. No biggie. 5 Likes |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Ray07(m): 6:04pm On Jul 28, 2022 |
Angelfrost:exactly. The matter don tire person. |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by GamalNasser: 6:04pm On Jul 28, 2022 |
Like I warned about Buhari , I also warned Americans about supporting this failure called Joe Biden 1 Like |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Ojuntana: 6:04pm On Jul 28, 2022 |
Splitmind:How can you be trolling 200m people? Is this normal? |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Drenimarcus(m): 6:04pm On Jul 28, 2022 |
seunny4lif: Austria is even saying they are neutral and will not be part of any thing. I pity Germany cos this winter will be devastating for them. 3 Likes |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by seunny4lif(m): 6:05pm On Jul 28, 2022 |
Eriokanmi:So, do you even know the news you are quoting Do you know why Russia cut gas supplies through NS1 to Germany? Did the news talked about money or you just bring your own news from beer parlour talk 5 Likes |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Drenimarcus(m): 6:06pm On Jul 28, 2022 |
jimetagambo: yes they are more educated than I do. I no argue. What else eh BroISNT? |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Nobody: 6:06pm On Jul 28, 2022 |
jimetagambo: Lol as usual it’s Trumps fault. A recession is defined as two consecutive quarters of negative GDP growth. Never happened under Trump. Anyone who hasn’t declared it yet is doing so because of politics. You can say it’s a shallow recession that wouldn’t last long because of other underlying economic factors but don’t try to gaslight us by playing with the definition now or blaming a man who hasn’t been president for almost 2 years. 5 Likes 1 Share |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by VeryWickedMan: 6:07pm On Jul 28, 2022 |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 6:07pm On Jul 28, 2022 |
SlyfoxxjReturns:Trump had a recession too. It comes and goes and part of economic cycle. Interest rate cuts bring about I flation which brings interest rate hike which could now trigger a recession.normal economic cycle. No biggi Until the NBER calls it a recession, I will just eat by guguru and coca cola with fingers crossed. 2 Likes
|
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Emoc: 6:08pm On Jul 28, 2022 |
1stGenAmerican are u paying attention? 2 Likes |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by tctrills: 6:08pm On Jul 28, 2022 |
jimetagambo:What are you talking about, The US had its best economy in 50 years under Trump. Explain in clear terms what started under Trump. Jerome Powell is trying to change the definition of a recession doesn't mean the US is not in a recession. 4 Likes |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Ibime(m): 6:08pm On Jul 28, 2022 |
Drenimarcus: You posted the below on June 29. Where did you get Q2 data on June 29? What you posted was revised Q1 data of -1.6%, revised from -1.5% and I corrected you. They do revise quarterly data monthly, even the result they posted today will be revised in August. Drenimarcus: 1 Like |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Brendaniel: 6:08pm On Jul 28, 2022 |
jimetagambo: There is no politician who doesn't have people who initially supported them who now hate them including Obama, But they will still have lots supporters in their camp, so sorry this does not sell... the same way people hated Jonathan in 2015 but Loved him in 2011 but today who is paying for the hatred, the same thing is happening to America too, who is paying for it, All Americans... 4 Likes |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by seunny4lif(m): 6:09pm On Jul 28, 2022 |
Drenimarcus:Winter ke Winter is not even the problem here bro It’s the manufacturing companies as BWM and Co will have to release at least 50% of their workers then German operates one of the biggest chemical companies in the world, those manufacturing companies will collapse, and German FM said German will enter massive civil disorders. 5 Likes |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 6:09pm On Jul 28, 2022 |
tctrills:No, you are wrong. You are arguing with emotions and not facts. 1 Like
|
Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 6:10pm On Jul 28, 2022 |
Brendaniel:Americans are enjoying. There are lots of jobs. Economy was over heating hence the rate hikes. I can't recall any GEJ appointed minister calling GEJ stupid or foolish like have seen in the case of Trump. 2 Likes |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by jaxxy(m): 6:11pm On Jul 28, 2022 |
VeryWickedMan: Russia is starving snd wailing. They have started to succumb and negotiate trade deals with Ukraine. 2 Likes 1 Share |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Pilet: 6:11pm On Jul 28, 2022 |
You're trying hard to discredit trump, but you exalt him without knowing. trump economy never had a recession, regardless of how the fed where increasing the interest rate. He was complaining how Obama operate on zero interest rate even though Obama economy was not as good as trump economy |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Drenimarcus(m): 6:12pm On Jul 28, 2022 |
seunny4lif: True. They are already advising Germany govt to open NS2 or else fire on the mountain. 2 Likes |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 6:13pm On Jul 28, 2022 |
Pilet:Lol trump had a recession in 2020. Obama never had a recession in his 2 terms. Did you guys just started following US politics? It's a cycle even if the NBER calls a recession tomorrow or next month. It's not the end of the world. I am going back to my work jare. It's still mid-day here. 2 Likes |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Drenimarcus(m): 6:13pm On Jul 28, 2022 |
Ibime: Yeah I agree I erred on the data but I was right on "recession" part eh? 1 Like |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Truthscribe(m): 6:16pm On Jul 28, 2022 |
U will always know an APC member when u see one always blaming previous administration |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by tctrills: 6:17pm On Jul 28, 2022 |
jimetagambo: You are the emotional one here. Now here are the facts. Let us examine the success in the first three years of his administration before the coronavirus flattened the economy. The unemployment rate fell less than 4 percent, which was near the lowest in half a century. The inflation rate fell to 1 percent, which was even below the target level set from the Federal Reserve. This has kept the interest rates on mortgages and many other loans down to the lowest level in modern times. The portion who fell below the poverty line declined to the lowest level ever recorded in 2019. The wealth of households, including their stocks, savings, and real estate, rose to the highest level in history. The Census Bureau saw the median income rise to above $65,000, up by more than $5,000 in three years and double the gains from the last decade. Almost all of these benefits were most pronounced for minorities, notably Blacks and Hispanics. Liberals counter this record by saying that Trump is now the first president in modern times to lose jobs in four years. This was clearly a result of the pandemic and, unless the left blames Trump for the coronavirus, the critical issue is how well the economy rebounds. According to most forecasts of the Federal Reserve and Wall Street, the unemployment rate was estimated to be 8 percent to 10 percent. But it has fallen to less than 7 percent from 13 percent in just six months. The growth rate hit a record of more than 30 percent in the third quarter of last year, and it could reach over 8 percent in the fourth quarter. It is no wonder that by the end of the term for Trump, a majority of voters said they were better off versus four years ago, even with the coronavirus. Contrary to the economic crisis that Joe Biden says he has inherited, most analysts believe the engine of growth will roar back to life this year. That is because of the vaccines that could save hundreds of thousands of lives at home and millions more across the world with our Operation Warp Speed, another success under Trump. That is not a terrible record at all. 5 Likes |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by VeryWickedMan: 6:20pm On Jul 28, 2022 |
jaxxy: Is Russia in recession? |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Ibime(m): 6:20pm On Jul 28, 2022 |
VeryWickedMan: Russia GDP declined 4.9% YoY while you are celebrating USA 0.9% decline. Putin done turn your brain to pap. Come back on Aug12 when QoQ results are released.
|
Re: US Enters Technical Recession After Two Consecutive Negative Growths by seunny4lif(m): 6:20pm On Jul 28, 2022 |
Drenimarcus:I said from day one Those useless Green Party works for CIA not German citizens but now, it’s clear. Netherland farmers have been protesting massive blocking highways yet no media about it. Italia PM was almost beating because of high cost of production from farmers and high inflation and he blamed it on Russia government not his own action of joining anti Russia sanctions yet no media and funniest thing is Italia region of Sicilia now imports around 500K Russia oil per day 2 Likes |
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (11) (Reply)
China Says Guantanamo Bay Is The Real "Detention Camp" For Muslims / Donald Trump Announces 2024 Re-Election Run For President / M6.8-earthquake Hits Sichuan Province, China. 46 Killed
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 52 |