jimetagambo:

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.

jimetagambo:

Lol trump had a recession in 2020.
Obama never had a recession in his 2 terms.
Did you guys just started following US politics?
I am going back to my work jare. It's still mid-day here.

jimetagambo:

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.

Drenimarcus:


Yeah I agree I erred on the data but I was right on "recession" part eh?

jimetagambo:
Though this started from the Trump era when he bullied the Federal reserve to start cutting interest rates, but it has not been declared a recession yet by Republican appointed Federal reserve chair Jerome Powell and the NBER that determines recession in the US. This is because of low unemployment rate and strong economic outputs.

Ibime:


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.

ufotty2001:
Why is dollar high if US has entered technical recession

Ibime:


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.

tctrills:

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.

jimetagambo:

Don't get it twisted. Russia is struggling under the effects of sanctions, but the US economy keeps adding jobs and economic indictators are strong.

seunny4lif:

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

Drenimarcus:


Why bring Russia here now, we are talking about the US. Can you post without insults? Work on that mate. August 12 noted.

Ibime:


I wasn't talking to you my friend. If April, May and June was negative GDP, do you need a calculator to tell their Q2 would be negative?

Lovenorth:

So you are taking this yahoo news serious?

Lovenorth:
God bless Putin and lovely Russian federation

Drenimarcus:


. Imagine that, These politicians are clowns. Electricity prices are off the roof.

jimetagambo:



So it's RT news I should take seriously shey?

All you Putin fan boys sef.

I hope you are celebrating Christmas in Russia

jimetagambo:

Don't get it twisted. Russia is struggling under the effects of sanctions, but the US economy keeps adding jobs and economic indictators are strong.

IgOga:


I think you got it upside down....the best performing currency in the world for 2022 is Russian Rouble.....Russia's inflation has gone down this year.....Russia has cheap energy and food.....the real impact of Ukraine war Nd sanctions are in Europe and the US....US is in recession......the only issue the Russian economy has was US blocking Russia from refinancing their debt in dollars....so thatvthe US could claim Russia defaulted but not for lack of money infact FT says Russia has already met 60% of its revenue target this year by end of May.....they will likely have more than they budgeted
..

.....Forget the propaganda the reality is there for every reasonable person to see.....in a world where poison is sold as vaccine....and recession is actively being marketed by US media as recovery....you need to be careful about believing all things media...engage your brain when reading the news

seunny4lif:

Look at this
India imports Russia oil and sell it to France and Co
UAE and Saudi are importing almost 1M barrels per day each and Oman want to starting importing Russia oil and gas.
It’s cost only €15 to produce Russia oil and load it on ships.

seunny4lif:

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

Pickmycall:
The US unemployment rate is 3%.While nigeria unemployment rate is 40%.America dollar is growing stronger.While the naira is weaker to the dollar.Who should be on reccession?

jimetagambo:

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.

SlyfoxxjReturns:


Try not to quote sources with such obvious political bias otherwise you just make yourself look like an unserious political hack. “They are desperate for democrats to catch up”?!

You say recession comes and goes as part of the economic cycle but somehow it only “starts” under republicans? I don’t play with words for political points bro. Already have you the widely accepted definition of recession and by that definition this one has “started” under Biden. Simples.

Drenimarcus:


Saudi had a price hike today. Opec already said they won't be pumping when they meet next month.

These countries are making bastard money Where is Nigeria?

VeryWickedMan:
Is Russia in recession?