PrincessPicklebricks
84709
1462
10
Sep 23, 2022 7:06 PM
PrincessPicklebricks
84709
1462
10
sjbrooksy7447
Stock market is having a correction period atm, but most people can ignore it
Iblamemyparentstoo
Is this the hill you want to die on, Gym
eastend666
Wade? They're drowning in it.
Dannoboyo
It's not a recession if you are raising prices and experiencing record profits. It is only a recession if you are a worker without a share.
0ptic
Another traitorous politician who needs to be dealt with sooner rather than later
rikardukuelige
bekindtoanimals
Fucking asshole
cactuskid1956
so he never watches the news
thereitis101
It’s been in the news and front page very day. These guys straight up make up shit constantly.
GuyPilot
Two consecutive quarters of negative economic growth. I can't be the only who took high school economics...
GrumpyMe
Gym was a pedo facilitator when he ignored the abuse of his wrestling charges.
Filanwizard
media does not talk about it? Its mentioned on the national news at least a few times week how things are going economically.
TheGhostofElizabethShue
It’s a fucking world war, but I get why someone who’s sided with the Nazis wouldn’t want to go there.
RCSpotz
I know execs at my company didn't want to start talking about it until the stock price started falling.
TheLookAndFeelMUSIC
I thought the conservative talking point was that the recession was a liberal lie?
DaffydeDick
Feds raise interest rates the fascist right yell recession when none exists. Next they blame Democrats for inflation which they created.
Pentjotal
Gym Jordan
graehall
If Jim Jordan was capable of shame he wouldn't be Jim Jordan. He gets off on the fact he got away with what he did & now holds big power.
TheOtherLucas
ooooh, burn. maybe gym should put the lotion on its skin or else it gets the hose again.
TheOtherLucas
better yet, he should just shut the fuck up.
RenaissanceFaireMan
If we're in a recession, more than likely blame rests firmly on Covid's huge impact it had on the economy; not to mention the fed reserve.
Unclescam
I saw a thing this morning about beefing up security on the supply chains are why costs are going up. This was a financial show that was on.
BeeButtes
Also the media talks about it everyday but go off
FellaWithUmbrella
Yeah, but they still have time to talk about Trump’s lawsuits, so they obviously doesn’t talk about it enough. /s
NOPsyntax
Gym Jordan really should be more careful about what he says. DOJ will surely come for him sooner or later.
Tumescentpie
The ruling class has decided that they will face zero penalties.
JustTheCats
They use force to make you do what the deciders have decided you must do.
StanielRonathan
Ellisd83
you yanks arent going to get shit done until you deal with the ones controlling you
tothebrink
I don't wanna know who really pulls the strings, just as long as it's not you or me.
ruferto
what did he ignore? politic side of imgur, enlighten me plz
ChefHannibal
Jordan was the asst wrestling coach at OSU while the team physician was sexually abusing players. Jordan ignored multiple allegations.
DulothX
Asked students not to testify about it. Actively worked to cover it up.
ruferto
oh dang
Pentjotal
For a long long long time...
trippingthelightfantastic
DulothX
He probably just likes to watch.
historycat
This would also apply to school shootings, child poverty, lack of health care, etc.
RetrogradeLlama
Record Corporate Profits, Record high employment, Record low unemployment - not a Recession.
Cheomesh
Two quarters of negative GDP in a row is a recession.We have that right now. https://www.bea.gov/data/gdp/gross-domestic-product
RetrogradeLlama
No longer valid. We are in uncharted economic waters.
Cheomesh
Ok.
WoTLert
Being employed doesn't matter if said employment doesn't pay for the bills and leaves enough to live on. Without the people having the 1/2
WoTLert
space to buy commodities, - ... well, what would you call that? A healthy economy?
RobertTheBruise
A recession is about an overall decline in production, not what workers get paid for producing.
shyasen
I see and hear these same things. My company has been hiring for about 6 months now. Yet every a "finacial expert" I hear on the media says
shyasen
we are in or headed for one of the worst recessions in 50 years and it's all Biden's fault. It's almost as if their brand is fear.
Dannoboyo
Left builds economy. the Right sways voters with fear, and immediately take credit for built economy.
SimiKusoni
Obviously blaming Biden is dumb but you are in a recession, the typical definition is a reduction in GDP for two consecutive quarters:
RetrogradeLlama
No longer the definition. We are in uncharted waters, post Covid.
SimiKusoni
https://tradingeconomics.com/united-states/gdp-growth - not sure it meets the worst in 50 year criteria mind you.
shyasen
I'm not an economist & this is a real question: how do companies have record profits if GDP is reduced for 2 consecutive quarters?
SimiKusoni
Because the formula is: GDP = Consumption + Investment + Government Spending + Net Exports. You can have reduced consumption with increased
BHPaperstacks
Probably because now it's like 1/10th the companies it used to be. So yeah they're making insane amounts but it's still less than used to be