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So the second quarter is now in the books. The first quarter saw a negative GDP and an increasing number of analysts are stating they feel the second quarter will show a negative GDP when reported later this month. If they are correct, that would mean we are in a recession right now. If not, they are stating the odds are increasing that we will have one in the second half.
"The Federal Reserve Bank of Atlanta’s GDPNow model on Thursday projected the U.S. economy shrank 1% in the second quarter, slipping into negative territory after economic data showed consumer spending dropped in May, while domestic investments, another component of GDP growth, also fell."
Recession... Is there anything that Putin can't do? How are those sanctions working out?
I'm waiting for the Biden people to start presenting the numbers in a different way to make it not look so bad. My idea of selling gas at half gallon units which would make us all think we were getting a deal at only $2.50 never really caught on.
I wish the media would shut the eff up and stop reporting every little comment some economist makes about the rises and falls and predictions thereof. We are coming out of an unprecedented global pandemic that upset literally every aspect of our economy, including global supply chains, labor, real estate etc. etc. Why should anyone be surprised that we’re going to be on a roller coaster for a while? Tech layoffs are happening because during the pandemic tech companies exploded and had to hire huge numbers of people to keep up with demand. That couldn’t last, so there is now a reduction in that workforce. Same will happen with real estate as the market adjusts.
I wish the media would shut the eff up and stop reporting every little comment some economist makes about the rises and falls and predictions thereof. We are coming out of an unprecedented global pandemic that upset literally every aspect of our economy, including global supply chains, labor, real estate etc. etc. Why should anyone be surprised that we’re going to be on a roller coaster for a while? Tech layoffs are happening because during the pandemic tech companies exploded and had to hire huge numbers of people to keep up with demand. That couldn’t last, so there is now a reduction in that workforce. Same will happen with real estate as the market adjusts.
This is 2022...you can't use "pandemic" as an excuse for the next decade.
This is 2022...you can't use "pandemic" as an excuse for the next decade.
2020 and 2021 were the "pandemic years".
True, but as we know the economy does not turn on a dime. We’ve never experienced the upheaval caused by the pandemic (which is NOT over) so we don’t have any way to perfectly predict the aftermath. Things will be rocky for a while in places we may not have expected, especially with a labor force that is starting to feel its power again.
This is 2022...you can't use "pandemic" as an excuse for the next decade.
2020 and 2021 were the "pandemic years".
Why not....."But Trump" has been playing pretty well.
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