we are officially entering a recession now

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DonMK
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we are officially entering a recession now

#1

Post by DonMK » July 28th, 2022, 11:20 am

With inflation rising it is not good to know we are now in or about to enter a recession, llf4532






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TheButcher
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#2

Post by TheButcher » July 28th, 2022, 12:19 pm

It is not just the US but many countries are at the door step or in a recession now, the question is how deep will it be and will we see a repeat of the 2018 global financial meltdown.



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#3

Post by 24alex » July 29th, 2022, 6:37 am

2022 is a weird year.






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#4

Post by Webby » July 29th, 2022, 8:04 pm

We are on one by definition dude, 2 consecutive quarters of negative GDP growth.






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BrasSmonkey
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#5

Post by BrasSmonkey » July 30th, 2022, 2:02 am

DonMK wrote:
July 28th, 2022, 11:20 am
With inflation rising it is not good to know we are now in or about to enter a recession, llf4532
if you are talking about adult stop crying. thinks are fine



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#6

Post by Gaming_Mike » July 30th, 2022, 7:45 am

These cycles get announced after the fact so my best guess is we are already in a recession.






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DonMK
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#7

Post by DonMK » July 30th, 2022, 11:39 am

BrasSmonkey wrote:
July 30th, 2022, 2:02 am
DonMK wrote:
July 28th, 2022, 11:20 am
With inflation rising it is not good to know we are now in or about to enter a recession, llf4532
if you are talking about adult stop crying. thinks are fine
Get your head out of adult see what is going on in the world 3xwe21






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BrasSmonkey
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#8

Post by BrasSmonkey » July 30th, 2022, 11:44 am

DonMK wrote:
July 30th, 2022, 11:39 am
BrasSmonkey wrote:
July 30th, 2022, 2:02 am
DonMK wrote:
July 28th, 2022, 11:20 am
With inflation rising it is not good to know we are now in or about to enter a recession, llf4532
if you are talking about adult stop crying. thinks are fine
Get your head out of adult see what is going on in the world 3xwe21
i have no idea wtf you are talking about. read it tool https://www.bloomberg.com/news/articles ... itions-now



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TheButcher
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#9

Post by TheButcher » July 30th, 2022, 11:52 am

BrasSmonkey wrote:
July 30th, 2022, 11:44 am
DonMK wrote:
July 30th, 2022, 11:39 am
BrasSmonkey wrote:
July 30th, 2022, 2:02 am


if you are talking about adult stop crying. thinks are fine
Get your head out of adult see what is going on in the world 3xwe21
i have no idea wtf you are talking about. read it tool https://www.bloomberg.com/news/articles ... itions-now



You can call it whatever you want, when i was in school 2 consecutive quarters of negative GDP was the text book definition of a recession.

The fact is there have been 2 consecutive quarters of negative GDP growth in the US. The First and second quarter numbers for 2022 the GDP fell by 1.6% and 0.9% respectively.



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BrasSmonkey
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#10

Post by BrasSmonkey » July 30th, 2022, 1:21 pm

TheButcher wrote:
July 30th, 2022, 11:52 am
BrasSmonkey wrote:
July 30th, 2022, 11:44 am
DonMK wrote:
July 30th, 2022, 11:39 am


Get your head out of adult see what is going on in the world 3xwe21
i have no idea wtf you are talking about. read it tool https://www.bloomberg.com/news/articles ... itions-now



You can call it whatever you want, when i was in school 2 consecutive quarters of negative GDP was the text book definition of a recession.

The fact is there have been 2 consecutive quarters of negative GDP growth in the US. The First and second quarter numbers for 2022 the GDP fell by 1.6% and 0.9% respectively.
well im not going to argue about it. people are spending money r6d10k r6d10k paqwb623



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TheButcher
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#11

Post by TheButcher » July 30th, 2022, 2:18 pm

BrasSmonkey wrote:
July 30th, 2022, 1:21 pm

well im not going to argue about it. people are spending money r6d10k r6d10k paqwb623
I am not arguing with you either, the definition I leaned and think most people know fro a recession is what I posted previously.
People spending money means absolutely nothing, you still have to eat, pay rent or mortgage, fill up your car to go any where......



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BrasSmonkey
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#12

Post by BrasSmonkey » July 30th, 2022, 2:31 pm

TheButcher wrote:
July 30th, 2022, 2:18 pm
BrasSmonkey wrote:
July 30th, 2022, 1:21 pm

well im not going to argue about it. people are spending money r6d10k r6d10k paqwb623
I am not arguing with you either, the definition I leaned and think most people know fro a recession is what I posted previously.
People spending money means absolutely nothing, you still have to eat, pay rent or mortgage, fill up your car to go any where......
what are you suppose to be doing??
What a recession means?
Officially, the National Bureau of Economic Research defines recession as “a significant decline in economic activity that is spread across the economy and lasts more than a few months.”

i don't care if rich people are not buying shit.



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TheButcher
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#13

Post by TheButcher » July 30th, 2022, 2:32 pm

From the Harvard Business School Online.


"A recession is formally defined as two quarters of negative GDP growth,” says Patrick Mullane, Executive Director of Harvard Business School Online. “By that definition, it seems like we’re heading toward one, but it's hard to predict its severity or how long it will last."

https://online.hbs.edu/blog/post/how-to ... -recession



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tacnet
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#14

Post by tacnet » July 30th, 2022, 3:05 pm

Over the years Ive always found a recession is good for our industry

People dont go out so much so guys stay home and would rather spend 20 bucks on a porn site than 100 bucks on a night out



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gspotman
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#15

Post by gspotman » July 30th, 2022, 3:49 pm

tacnet wrote:
July 30th, 2022, 3:05 pm
Over the years Ive always found a recession is good for our industry

People dont go out so much so guys stay home and would rather spend 20 bucks on a porn site than 100 bucks on a night out
You may not believe this but I did good in 2020 and 2021 when lock downs were on again and of again,and people worked from home.






we are officially entering a recession now

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