Article

2022-09-30 Economy

It's Official: Q2 GDP Number Shows the US Is in a Recession

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Posted by Besoeker 2022-09-30 06:19|| || Front Page|| [11127 views ] Top

#1 Q3 ends today

The final GDP-Now estimate for Q3 of 2022 will come from the Atlanta Fed later today. Probably will be somewhere between +0.3 and -0.3.

Toward end of Oct the first post Q estimate of Q3 will come out.

The Sept CPI will come out a week or so before that.

Since April 2021, income gains have been less than inflation.

In both Q1 and Q2 of 2022, labor productivity declined.

Posted by Lord Garth 2022-09-30 07:06|| 2022-09-30 07:06|| Front Page Top

#2 Dow Jones is down from ~35,000 in Jan 2021 to ~29,000 now. A 17% drop.

Posted by Snash Shairt9621 2022-09-30 08:25|| 2022-09-30 08:25|| Front Page Top

#3 Brandon did that!

Posted by Bobby 2022-09-30 09:58|| 2022-09-30 09:58|| Front Page Top

#4 Stop your bitc*ing and moaning. Everyone knows it's transitory.

Posted by Besoeker 2022-09-30 10:00|| 2022-09-30 10:00|| Front Page Top

#5 “...and it’s a regular part of the sunspot cycle.”

Posted by Skidmark 2022-09-30 10:28|| 2022-09-30 10:28|| Front Page Top

#6 ^ Heh

Posted by Frank G 2022-09-30 11:42|| 2022-09-30 11:42|| Front Page Top

#7 It’s also a good thing.

Posted by Lowspark 2022-09-30 12:36|| 2022-09-30 12:36|| Front Page Top

#8 I was wayyyy wrong on the GDP-Now for Q3

It came in at +2.4 because of a mini boom in net exports and a smaller loss than anticipated in private domestic investment.

Posted by lord garth 2022-09-30 15:21|| 2022-09-30 15:21|| Front Page Top

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