Oh, it’s not the worst economy of the regime, it’s the worst economy of the regime so far!
I am waiting for more macroeconomic indicators before we could consider recession (and pull out my investments). But if it doesn’t come soon, the recession proper will take couple more months to take effect.
Pulling out your investments is what makes the crash happen
I mean yes, but I doubt the average lemmite is in the top 10% of stockholders that have the lion’s share of affect on the market since they own like 90% of the market (or some outrageous number like that, I don’t know the exact numbers offhand). Investment moves made by small players are probably tiny compared to what the rich and their asset managers do when they sell / buy.
I just recently got into investing so my shares are still vulnerable to huge losses (as had happened to many during April Trump tariffs).
Two consecutive quarters of shrinking GDP:
https://www.bea.gov/news/2025/gross-domestic-product-2nd-quarter-2025-advance-estimate
“Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of 2025 (April, May, and June)”
-0.5% in Q1, so no, not a recession yet. Even if it drops in Q3, it still has to drop again in Q4.
Yes, the general definition is two straight quarters of a declining GDP. However, most economic data is delayed, so you won’t know we’ve hit a recession until it’s already happened. It’s declared retrospectively.
But feel free to correct me if I’m wrong: I’m not an economist (thank God).
GDP growth isn’t the only indicator. There are other macroeconomic indicators to consider including decline in manufacturing output, uptick in job unemployment rate, lower retail sales and higher consumer price index. Bad figures from all, or most, of these in at least three consecutive months trend towards recession. I am not an economist either to warrant more detailed analysis, but I have heard of rumours of recession coming this autumn so I have been keeping an eye on these factors.
I mean, they could still release corrected numbers for Q2, but man, that would have to be a hell of a correction to go from +3% to -Anything%.
It’s only a bad economy when the rich are losing money.
If the stocks people are still making money, it’s not a recession, peon!
Didn’t he reclassify how GDP is calculated to avoid recession classification?
Of course this is not a recession. Business in America has been Made Great Again. And the One Single Most Best Businessman in the World has Made it Happen!
This is an Economic Nap Time, stop talking about it or you’ll wake it up and it’ll get even fussier!!
The orange stain got it right “It’s a price reduction of 1500%”, let’s do the math: a banana from Walmart is $1.10
With “reduction”
$1.10*1500/100 = $16.5
I’m sure he has fired the person responsible for determining economic performance
Depends what you’re measuring, there’s a bull market for bullshit.
You might be right. About the term being meaningless that is.
Why isn’t that text over a picture of an angry Minion?
