GDP Contracts by 0.9%, The Second Quarter in a Row, as America Enters a Funcession LEFTWING MONOPOLY FACEBOOK BEGINS CENSORING STATEMENTS THAT BIDEN HAS CHANGED THE DEFINITION OF A RECESSION

GDP Contracts by 0.9%, The Second Quarter in a Row, as America Enters a Funcession
LEFTWING MONOPOLY FACEBOOK BEGINS CENSORING STATEMENTS THAT BIDEN HAS CHANGED THE DEFINITION OF A RECESSION

Oh, and that 0.9%?! Yeah, they fudged that number to be as small a contraction as possible. You can bet large stacks of money that in the coming months, that number will be "UNEXPECTEDLY!" revised to show a larger and larger contraction, probably up the 1.6% that the Atlanta Fed tracker was showing.

Or worse. The economy has been deteriorating still further since that -1.6% reading.

Whoops!

Whoopsie!

CNBC, supposedly a business and economics oriented channel, jettisoned the textbook definition of a recession and adapted itself to the New Soviet Reality imposed on them by Biden and their own hyperpartisan "journalists." They refused to call it a recession, instead adopting Biden's Newspeak.

This formulation -- that we're not in a recession, but that we may be in some unknown far-off future -- seems to be the redefinition that Biden sought, which the media has unanimously accepted as the New Reality.

Brit Hume

@brithume

"...may be approaching a recession." Note the exquisitely careful wording, in keeping with the Biden administration's efforts to abandon the traditional two-down-quarters definition of a recession.

Some, like Politco's Ben White, actually have a prior history of personally defining a recession as two quarters of negative growth, but are now adopting the New Reality without explaining what has prompted this sudden religious conversion. And they're blocking anyone who has the temerity to ask.

Amusingly, the media is having a panic attack about Republicans refusing to give access to leftwing activists posing as reporters -- but note that the leftwing activists posing as reporters themselves refuse to answer perfectly reasonable questions.

We just learned it from you, Dad.

John Solomon points out that this is hardly the first time that Biden and his Praetorian Media has reshaped reality to better serve his political needs. Before redefining "recession," Biden and the Praetorian Media redefined five other key words, including:

Voter suppression
Following the controversy of the 2020 election, Republicans in some states such as Georgia have pushed a series of election reforms with the stated purpose of combating voter fraud and protecting election integrity
These measures include requiring voters to provide identification to receive an absentee ballot and prohibiting ballot harvesting, a tactic, outlawed in most states, in which third-party activists gather and deliver voters' ballots.
Biden has consistently described these efforts as "voter suppression" meant to make it harder for people, especially minorities, to cast their ballots. Biden has even called such efforts "Jim Crow 2.0," a reference to the laws that enforced racial segregation in the South.
...
Illegal alien

Last year, the Biden administration ended use of the phrase "illegal alien" to describe migrants who entered the country illegally, although "alien" has long been common in U.S. law. The administration ordered immigration enforcement authorities to use the term "non-citizen" instead.

In addition to "recession," which Biden is in an all-out Orewellian blitz to redefine now, he's also redefined "domestic terrorism," "insurrection," and "disinformation," of course. Hit the link for that.

Christina Pushaw adds a few more:

Christina Pushaw

@ChristinaPushaw

Just a few words that liberals have redefined:
"recession"
"woman"
"vaccine"
"democracy"
"healthcare"
"racist"
"mostly peaceful"

Comfortably Smug
@ComfortablySmug
We're really going to let the people who can't define a woman define a recession?

Even some lefties are taking notice of the pungent smell of Orwell in the air all around them:

Conan O'Brien

@ConanOBrien

The White House now says it's only a recession if you see a salamander wearing a top hat.

Solid prediction:

Jack Posobiec

@JackPosobiec

They will ban people for saying we are in a recession
You all know it's coming

I wrote most of this post at 10 am; I didn't expect the censorship to come so quickly.

But it's here now.

Biden must have prepped them for this and told them to get their censors ready:

They've started the "fact" checking, which is the ideological pretext for beginning the algorithmic suppression and then the bannings.

In fact: They're straight-up warning people they intend to do that.

COMPLY WITH NEWSPEAK'S NEW (YET UNCHANGING) DEFINITIONS OR ELSE.

A whole new area of "disinformation" to censor -- dangerous, morale-sapping "economic disinformation." Most likely insinuated into the American communication channels by, you guessed it, Russia.

Phil Magness -- an economic historian -- points out that Joe Biden repeatedly claimed, without evidence, that the economy was in a recession under Trump, and FaceBook, of course, attached no "fact" check to his claim.

Omri Ceren

@omriceren

Looking forward to a lot of "Biden claims, without evidence, that the US is not in a recession, contradicting experts" headlines and chyrons throughout the day.
On account of how journalists don't choose a side.

Comfortably Smug

@ComfortablySmug

Biden:
"Surprised" by "Unexpected" Taliban
"Surprised" by "Unexpected" Inflation
"Surprised" by "Unexpected" Gas Prices
"Surprised" by "Unexpected" Formula Shortages
"Surprised" by "Unexpected" Russian Invasion
"Surprised" by "Unexpected" Recession
... seems like a trend?

In fairness, the smartest man he knows is crackhead.

Doocy: "If things are going so great, why are White House officials are redefining recession?"

Jean-Pierre: "We are not."

Doocy: "It's two consecutive quarters of negative GDP growth... How is that not redefining recession?"

Jean-Pierre: "That's not the definition." pic.twitter.com/eyyvYdZWMj
— Greg Price (@greg_price11) July 27, 2022

Brian Deese, yesterday: "Two negative quarters of GDP growth is not the technical definition of recession.”

Deese, 2008: “Economists have a technical definition of recession, which is two consecutive quarters of negative growth.” pic.twitter.com/MzVk7drq3v
— RNC Research (@RNCResearch) July 27, 2022

Watch POLITICO's @morningmoneyben change his definition of "recession" in real-time to align with what the WH and Paul Krugman are demanding everyone now profess. Since he's blocking all who point this out, I took this from @redsteeze, @TheAgeofShoddy & @imjustabillman to see it. pic.twitter.com/EseSkpbFlY
— Glenn Greenwald (@ggreenwald) July 27, 2022

Hey NeverTrump -- is a single one of you going to show any of that integrity and accountability you've so ostentatiously admired -- from a safe distance, of course, wouldn't want to spill any of that on yourselves! -- and confess a drop of error?

Or are you just going to continue shaking your pom-poms girlishly?

Posted by: Ace at 12:14 PM

Comments

(Jump to bottom of comments)

1 They're censoring the facts about a recession? Of course they are. *sighs*

Posted by: Grumpy and Recalcitrant at July 28, 2022 12:14 PM (nRMeC)

2 NO
RECESSION
I

Posted by: the horta at July 28, 2022 12:14 PM (v3pYe)

3 FIRST!!!!!

Posted by: Sponge - RIP Dave in Texas at July 28, 2022 12:15 PM (Zz0t1)

4 LEFTWING MONOPOLY FACEBOOK BEGINS CENSORING STATEMENTS THAT BIDEN HAS CHANGED THE DEFINITION OF A RECESSION

==========

Good.

Make it corporate and uncool to the extreme to support the Democratic Party.

It's not like the message itself is going to slow down at all.

Posted by: TheJamesMadison, learning the value of horror with Wes Craven at July 28, 2022 12:16 PM (LvTSG)

5 I'z noodlum'd.

Posted by: Sponge - RIP Dave in Texas at July 28, 2022 12:16 PM (Zz0t1)

6 infuriating

Posted by: 496 at July 28, 2022 12:16 PM (VJsqe)

7 It's not a recession, just shrinkage, like what happens when I think about Nancy Pelosi or Triggly Puff.

Posted by: jim (in Kalifornia) at July 28, 2022 12:16 PM (ynpvh)

8 Only the facts that fit the narrative tovarich.

Posted by: Anna Puma at July 28, 2022 12:16 PM (Z4Wwh)

9 Hey NeverTrump -- is a single one of you going to show any of that integrity and accountability you've so ostentatiously admired -- from a safe distance, of course, wouldn't want to spill any of that on yourselves! -- and confess a drop of error?

=======

Pierre Omidyar says yes.

Posted by: TheJamesMadison, learning the value of horror with Wes Craven at July 28, 2022 12:17 PM (LvTSG)

10 "The signal will get out Mal."

Posted by: Anna Puma at July 28, 2022 12:17 PM (Z4Wwh)

11 this is my shocked face

-_-

side note, thank fuck that 4 hour meeting is finally over.

Posted by: SturmToddler (po3vF) at July 28, 2022 12:18 PM (p03vF)

12 We are officially in a recession.

Posted by: Thomas Paine at July 28, 2022 12:18 PM (lTGtQ)

13 Meta delenda est EOL.

Posted by: Anna Puma at July 28, 2022 12:18 PM (Z4Wwh)

14 I'm almost enthusiastic about what the media is doing. If they were standing on a streetcorner in fishnet stockings and a pushup bra they couldn't be any more obvious about their whore status.

Posted by: Archimedes at July 28, 2022 12:18 PM (/NCI4)

15 I'm telling you. They're going to change it to 'quarters of the Presidency' meaning that it will be each YEAR of the 4 year term as a quarter, not the fiscal year as traditionally.

Watch for it.....it's coming.

Posted by: Sponge - RIP Dave in Texas at July 28, 2022 12:19 PM (Zz0t1)

16 hiya

Posted by: JT at July 28, 2022 12:19 PM (T4tVD)

17 @ggreenwald
Watch POLITICO's @morningmoneyben change his definition of "recession" in real-time to align with what the WH and Paul Krugman are demanding everyone now profess. Since he's blocking all who point this out, I took this from @redsteeze, @TheAgeofShoddy & @imjustabillman to see it.
++++
Well, it's an "evolution" of his opinion. He went from "recession" to "technical recession" to "not recession." There was a middle step during the softening-up bombardment.

Posted by: Joe Mannix (Not a cop!) at July 28, 2022 12:19 PM (WWh8n)

18 Meta delenda est EOL.

From what I've read, they're doing that to themselves pretty effectively.

Posted by: Archimedes at July 28, 2022 12:19 PM (/NCI4)

19 14 I'm almost enthusiastic about what the media is doing. If they were standing on a streetcorner in fishnet stockings and a pushup bra they couldn't be any more obvious about their whore status.

Posted by: Archimedes at July 28, 2022 12:18 PM (/NCI4)

That's why I refer to them as Presstitutes.

Posted by: Grumpy and Recalcitrant at July 28, 2022 12:19 PM (nRMeC)

20 Green Shootcession!

Posted by: Curly Shuffle at July 28, 2022 12:19 PM (TNyrE)

21 It's Bagdad Bobs all the way down.

Posted by: Bertram Cabot, Jr. at July 28, 2022 12:19 PM (63Dwl)

22 Everyone knows, some just pretend otherwise.

Posted by: Javems at July 28, 2022 12:19 PM (AmoqO)

23 Someone should beat Zuckerberg into the weeping little weenie he is. We'll rename that beating a "reduction".

Posted by: Marcus T at July 28, 2022 12:19 PM (VpIIl)

24 "Jobs created or saved."

*drops mic*

Posted by: G'rump928(c) at July 28, 2022 12:19 PM (yQpMk)

25 Well they could be swinging those spread fishnet legs through a window but that might be tarting things up too much.

Posted by: Anna Puma at July 28, 2022 12:19 PM (Z4Wwh)

26 14 I'm almost enthusiastic about what the media is doing. If they were standing on a streetcorner in fishnet stockings and a pushup bra they couldn't be any more obvious about their whore status.

Posted by: Archimedes at July 28, 2022 12:18 PM (/NCI4)

They've taken the pig, put lipstick, a wig, perfume, trashy clothing, and have it on the street corner, waiting for customers. The media is all to happy to indulge in this pig.

Posted by: jim (in Kalifornia) at July 28, 2022 12:20 PM (ynpvh)

27 We have always been at war with Eastasia.

Posted by: Deplorable Ian Galt at July 28, 2022 12:20 PM (ufFY8)

28 C'mon, Ace! They're just saying the ecomony has entered recess! Plus we get free Brawndo after recess, man!

Posted by: callsign claymore at July 28, 2022 12:20 PM (Tid00)

29 The fun fact is that by changing the definition of a recession, they just guarantee that it will last longer and be even worse than if they were honest now and started dealing with it.

This is how you create a Greater Depression. I must say I've expected this to happen for some time, but it's still disconcerting to watch it play out.

As far as what they say having any effect on voters - this whole thing is just chum for the twitterati. No working class voter in this country from any race or area looks to the Media to figure out if the economy is good or bad.

Posted by: Tom Servo at July 28, 2022 12:20 PM (trdmm)

30 what the fuck? the New York Times is saying a 0.2 percent decline in GDP in the second quarter.

Posted by: SturmToddler (po3vF) at July 28, 2022 12:20 PM (p03vF)

31 A pile of shit by any other name would smell as foul.

Whether you say recession, retraction, transitory or whatever, I'm glad that people that continue to vote for Democrats will suffer needlessly for their fucktardiness.

Let them eat bugs.

Posted by: Bitter Clinger at July 28, 2022 12:21 PM (g3ozd)

32 I don't think that there has been any other time in human history where so many people need a good ass kicking.

Posted by: sniffybigtoe at July 28, 2022 12:21 PM (Y5qcH)

33 Conan will issue an apology after a quick visit from the FBI.

Posted by: Sponge - RIP Dave in Texas at July 28, 2022 12:21 PM (Zz0t1)

34 Well they could be swinging those spread fishnet legs through a window but that might be tarting things up too much.

Through the window, you say? Interesting.

Posted by: The media at July 28, 2022 12:21 PM (/NCI4)

35 I, for one, welcome these expert fact checkers. Without them telling me we are not in recession I would have been really worried about the inflation, scarcity, and declining GDP. Whew, they really saved me from stress there.

Posted by: She Hobbit at July 28, 2022 12:21 PM (ftFVW)

36 Only two types of people still use Facebook: losers, homos, and wankers.

Posted by: unknown at July 28, 2022 12:21 PM (wKi1F)

37 32 I don't think that there has been any other time in human history where so many people need a good ass kicking.

Posted by: sniffybigtoe at July 28, 2022 12:21 PM (Y5qcH)

kinda hard to do with all the heads up asses these days.

Posted by: jim (in Kalifornia) at July 28, 2022 12:21 PM (ynpvh)

38 The Biden Economy doesn't self-identify as a recession.

You are being econophobic and word-violent by imposing your definitions on the Economy.

Posted by: People's Hippo Voice at July 28, 2022 12:21 PM (2zVlE)

39 29 This is how you create a Greater Depression. I must say I've expected this to happen for some time, but it's still disconcerting to watch it play out.

As far as what they say having any effect on voters - this whole thing is just chum for the twitterati. No working class voter in this country from any race or area looks to the Media to figure out if the economy is good or bad.
Posted by: Tom Servo at July 28, 2022 12:20 PM (trdmm)

==========

Any action they take is going to be ideologically driven by their theories. They'll increase regulation and hire more regulators because it creates more jobs.

Posted by: TheJamesMadison, learning the value of horror with Wes Craven at July 28, 2022 12:21 PM (LvTSG)

40 If you don't think the American people already know they're economically taking it up the squeakhole from Lettuce Brain and the Democrats, maybe you ought to put down the Starbucks and get out more.

Posted by: Marcus T at July 28, 2022 12:22 PM (VpIIl)

41 14 I'm almost enthusiastic about what the media is doing. If they were standing on a streetcorner in fishnet stockings and a pushup bra they couldn't be any more obvious about their whore status.
Posted by: Archimedes at July 28, 2022 12:18 PM (/NCI4)

I agree - outside of the 2% of the American voters who obsess about twitter, I don't know of anyone who pays any attention to the crap that the media spews anymore.

Posted by: Tom Servo at July 28, 2022 12:22 PM (trdmm)

42 And to have a recession when we’re in make up time post Covid-19. We should be growing because we’re normalizing lockdown loses

Posted by: Wow just wow at July 28, 2022 12:22 PM (QVOk0)

43 Someone should beat Zuckerberg into the weeping little weenie he is. We'll rename that beating a "reduction".
Posted by: Marcus T at July 28, 2022 12:19 PM (VpIIl)

The mandroid may look soft, but there is a hyperalloy combat chassis under that skin, micro processor-controlled, fully armored. Very tough.

Posted by: G'rump928(c) at July 28, 2022 12:22 PM (yQpMk)

44 34 Well they could be swinging those spread fishnet legs through a window but that might be tarting things up too much.

Through the window, you say? Interesting.

Posted by: The media at July 28, 2022 12:21 PM (/NCI4)

Rather the whole prestitute go THROUGH the window, defenestration style.

Posted by: jim (in Kalifornia) at July 28, 2022 12:22 PM (ynpvh)

45 Waiting for the Dems to call this a WE-cession, since we are all in this together.

Posted by: unknown at July 28, 2022 12:22 PM (wKi1F)

46 The New York Slimes said there was no Ukrainian starvation and got a Pulitzer.

Posted by: Anna Puma at July 28, 2022 12:22 PM (Z4Wwh)

47 26 14 I'm almost enthusiastic about what the media is doing. If they were standing on a streetcorner in fishnet stockings and a pushup bra they couldn't be any more obvious about their whore status.

Posted by: Archimedes at July 28, 2022 12:18 PM (/NCI4)

They've taken the pig, put lipstick, a wig, perfume, trashy clothing, and have it on the street corner, waiting for customers. The media is all to happy to indulge in this pig.

And the pig is a biological male.

Posted by: kathysaysso at July 28, 2022 12:22 PM (vkS2Z)

48 Deese's nutz

Posted by: Anna Puma at July 28, 2022 12:23 PM (Z4Wwh)

49 Yup, "our sacred corporations" right Never Trumpers?

Posted by: sven at July 28, 2022 12:23 PM (Lzpvj)

50 When you have a compliant media words are whatever the junta says they are. Or aren't. Or something.

Posted by: Martini Farmer at July 28, 2022 12:23 PM (BFigT)

51 Hey NeverTrump -- is a single one of you going to show any of that integrity and accountability you've so ostentatiously admired -- from a safe distance, of course, wouldn't want to spill any of that on yourselves! -- and confess a drop of error?

Or are you just going to continue shaking your pom-poms girlishly?

Posted by: Ace at 12:14 PM

LOL! It's cute you think they have some sort of moral compass or conscious that would lead to anything remotely close to this.

Posted by: Sponge - RIP Dave in Texas at July 28, 2022 12:23 PM (Zz0t1)

52 Remind me, what do journalists' mothers do in hell?

Posted by: The Thing Inside Regan at July 28, 2022 12:23 PM (ppBhU)

53 People still use Fackbook?
I haven't been on that piece of shit in years.

Creepy, invasive thing...

Posted by: Deplorable Ian Galt at July 28, 2022 12:23 PM (ufFY8)

54 It's only a recession if a Republican is president

Posted by: Hatari Somewhere on Ventura Highway at July 28, 2022 12:23 PM (EERkV)

55 I like the term used by one of the Instapundit commenters: WHEE!cession.

Posted by: The Chap in the Deerstalker Cap at July 28, 2022 12:23 PM (N/KJF)

56 There should be a channel on TV where ordinary people get to tell the media what they think about them.

I'd watch that.

Posted by: sniffybigtoe at July 28, 2022 12:24 PM (UuD2k)

57 Imagine if somehow the next quarter's GDP growth turns out positive, going to be weird when the MSM starts touting, "Biden has pulled us out the recession! Golden days are here again!" But they'll certainly do it if it happened, probably even spin it as the "GOP-induced recession."

Posted by: Match Checksout at July 28, 2022 12:24 PM (IK4m/)

58 47 26 14 I'm almost enthusiastic about what the media is doing. If they were standing on a streetcorner in fishnet stockings and a pushup bra they couldn't be any more obvious about their whore status.

Posted by: Archimedes at July 28, 2022 12:18 PM (/NCI4)

They've taken the pig, put lipstick, a wig, perfume, trashy clothing, and have it on the street corner, waiting for customers. The media is all to happy to indulge in this pig.

And the pig is a biological male.

Posted by: kathysaysso at July 28, 2022 12:22 PM (vkS2Z)

That's not it's gender identity...

Posted by: jim (in Kalifornia) at July 28, 2022 12:24 PM (ynpvh)

59 Everyone I talk to, from CEO to bagboy at the grocery says we are in recession. Only the 2% of the population who willingly live under censorship disagree.

Posted by: Thomas Paine at July 28, 2022 12:24 PM (lTGtQ)

60 The Media is 100% Orwellian. Not even debatable anymore. To believe anything they say is absurd, and those who do are stupid, or complicit. All we have now is commonsense and the the ability to think about what we see. Our lyin' eyes.

Posted by: kraken at July 28, 2022 12:24 PM (Vr12I)

61 >>> what the fuck? the New York Times is saying a 0.2 percent decline in GDP in the second quarter.

Yes, you have to keep in mind there are two ways to measure this: Annualized, that is, taking the actual decline and multiplying it by four to see what it would be if it extended over a full year, or just what the actual decline was over the three months.

The New York Times is doing the latter to make the number appear smaller, even though the annualized figure is the usual one used.

But the other figure is used as well.

They're using the smaller figure for propaganda reasons, though.

Posted by: ace at July 28, 2022 12:24 PM (B3oWe)

62 To be fair, at least prostitutes come by their job honestly. The Press... not so much.

Posted by: Brando at July 28, 2022 12:24 PM (6SGpX)

63
There is no tuberculosis in this hospital
-dr zivago

Posted by: Yo! Ultra MAGA at July 28, 2022 12:24 PM (69zJu)

64 If it doesn't come from the Recession Region in France, it's not a recession. That has always been the definition.

Always.

Posted by: Eeyore at July 28, 2022 12:25 PM (TgBWG)

65 51 Posted by: Sponge - RIP Dave in Texas at July 28, 2022 12:23 PM (Zz0t1)

"The cuck does not question her bull."

//NAMBLA Lincoln Log Project

Posted by: sven at July 28, 2022 12:25 PM (Lzpvj)

66 >>>I'm almost enthusiastic about what the media is doing. If they were standing on a streetcorner in fishnet stockings and a pushup bra they couldn't be any more obvious about their whore status.

"I'm not even mad, I'm impressed." -- Ron Burgundy

Posted by: ace at July 28, 2022 12:25 PM (B3oWe)

67 Two, day and night, must scramble for a living,
Try to feed their children,
Not that Biden cares

And two, day and night, are trying to save their house,
And can't afford another home

RECESSION! RECESSION!

RECESSION!

Posted by: 29Victor at July 28, 2022 12:25 PM (BJKQV)

68 57 Imagine if somehow the next quarter's GDP growth turns out positive."

I don't think that's possible. Not with the Fed pushing interest rates up.

Posted by: Tom Servo at July 28, 2022 12:25 PM (trdmm)

69 61 They're using the smaller figure for propaganda reasons, though.
Posted by: ace at July 28, 2022 12:24 PM (B3oWe)

========

Wait...they'd do this for Trump too, right?

Posted by: TheJamesMadison, learning the value of horror with Wes Craven at July 28, 2022 12:25 PM (LvTSG)

70 So, we are being told there is no recession after we were told there was no cheating on the presidential election, and there was no trouble with the vaxx. Here is my surprised face:

Posted by: exdem13 at July 28, 2022 12:25 PM (W+kMI)

71 During Pride month, it’s a recxssion.

Posted by: Kratwurst at July 28, 2022 12:25 PM (nIRE6)

72
That's why I refer to them as Presstitutes.

Posted by: Grumpy and Recalcitrant at July 28, 2022 12:19 PM (nRMeC)

But, they're picky because the right couldn't buy them if they tried, so not COMPLETELY prostituting.

Posted by: Sponge - RIP Dave in Texas at July 28, 2022 12:25 PM (Zz0t1)

73 Doocy should congratulate that blithering idiot press secretary about the chocolate ration being increased. Except she probably wouldn't get the reference.

Posted by: Ripley at July 28, 2022 12:25 PM (MxEKc)

74 I used Leviathan to search for "US Q2 GDP"
Results
1. "Top Stories" section, containing:
- "Recession fears loom as US GDP falls for second quarter" (WSJ)
- "US economy shrinks again in second quarter, reviving recession fears" (WaPo)
- "GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal" (CNBC)
- "US Economy just had a 2nd quarter of negative growth. Is it in a recession?" (NPR)
- Etc.
2. Twitter commentary on the GDP print
3. BEA's GDP site

Their messaging is ... consistent.

Posted by: Joe Mannix (Not a cop!) at July 28, 2022 12:25 PM (WWh8n)

75 I don't think that's possible. Not with the Fed pushing interest rates up.
Posted by: Tom Servo at July 28, 2022 12:25 PM (trdmm)

Not with the democrats running the show either.

Posted by: sniffybigtoe at July 28, 2022 12:25 PM (UuD2k)

76 Next month they will redefine it again.

Posted by: fd at July 28, 2022 12:26 PM (trbnS)

77 Thanks to the breakdown in gender roles, now even ostensibly male Democrats can be stunned c*nts.

Posted by: Alberta Oil Peon at July 28, 2022 12:26 PM (yzsfV)

78 68 57 Imagine if somehow the next quarter's GDP growth turns out positive."

I don't think that's possible. Not with the Fed pushing interest rates up.

Posted by: Tom Servo at July 28, 2022 12:25 PM (trdmm)

Only if the numbers are massaged, Bill Clinton-style.

Posted by: jim (in Kalifornia) at July 28, 2022 12:26 PM (ynpvh)

79 >>>C'mon, Ace! They're just saying the ecomony has entered recess! Plus we get free Brawndo after recess, man!

Biden is giving us a chance to give up materialism and focus on what really matters!!!

Posted by: ace at July 28, 2022 12:26 PM (B3oWe)

80 Well, of course Zuckerberg, Bloomberg, Soros, Rubin, and Kristol are frantically trying to keep their illegitimate regime afloat. It's basically how Weimar Germany went, except the modern USA has a lot less gas in the tank than Weimar did.

Posted by: trev006 at July 28, 2022 12:27 PM (gEEte)

81 "nuances of our strange, vexing economic moment."

One of the things I hate about twitter is that I often can't copy and paste intriguing gems like that. I have to copy them manually to here. Then I put them in a bong and torch up. They're like little nugs of craziness that chronicle our collapsing civilization daily.

Posted by: Please Place The gp In The Bag at July 28, 2022 12:27 PM (qpX6U)

82 >>>I don't think that's possible. Not with the Fed pushing interest rates up.
Posted by: Tom Servo

Sure, very unlikely, but the point is MSM would revert back to the old definition immediately if it did. They wouldn't even care about the whiplash.

Posted by: Match Checksout at July 28, 2022 12:27 PM (IK4m/)

83 78 Posted by: Sponge - RIP Dave in Texas at July 28, 2022 12:23 PM (Zz0t1)

"What about my massage parlor interlude....UNLEASH THE THIRD CHAKRA!"

//ALGore

Posted by: sven at July 28, 2022 12:27 PM (Lzpvj)

84 The Great Leap Forward

Into the mass grave

Posted by: Anna Puma at July 28, 2022 12:27 PM (Z4Wwh)

85 I'm old enough to remember that the Dot.com recession was the "Bush Recession" one hour after he was elected in 2000. This recession will be the "GOP" recession after November.:

Posted by: Adam Smoth at July 28, 2022 12:27 PM (vGt8F)

86 80 Well, of course Zuckerberg, Bloomberg, Soros, Rubin, and Kristol are frantically trying to keep their illegitimate regime afloat. It's basically how Weimar Germany went, except the modern USA has a lot less gas in the tank than Weimar did.

Posted by: trev006 at July 28, 2022 12:27 PM (gEEte)

Germany had their Weimer Republic.
We have our Weiner Republic (run by a bunch of dicks)

Posted by: jim (in Kalifornia) at July 28, 2022 12:27 PM (ynpvh)

87 From what I put on the MR based on a really cursory read:

Personal consumption expenditure is up 1.0%, but goods (physical stuff) are down 4.4% and private investment is down a staggering 13.5%. The only increases were in services spending (read: things like medical and child care, education, etc.) and intellectual property investment (probably mostly in big tech). Exports were up slightly. Gross all-in private investment is down by 2.73% and the inventory draw-down after the gigantic build-up in Q4 of last year (that pushed the entire GDP print positive due to its scale) continues, with inventories posting -2.01%. Investment in non-residential structures (stores, factories, office buildings, etc.) fell by 11.7% and residential structures (houses, apartment buildings, etc.) fell by 14%.

Declining real spending in the physical economy, declining investment, declining inventories and reduced construction and fixed asset investment while inflation continues and the average joe's credit cards are nearly maxed out isn't exactly a rosy "things are better than the top-line GDP print indicates" story.

Posted by: Joe Mannix (Not a cop!) at July 28, 2022 12:28 PM (WWh8n)

88 79 >>>C'mon, Ace! They're just saying the ecomony has entered recess! Plus we get free Brawndo after recess, man!

Biden is giving us a chance to give up materialism and focus on what really matters!!!
Posted by: ace at July 28, 2022 12:26 PM (B3oWe)

No. He wants us to begmand grovel for the material things we are addicted to. The King's largesse.

Posted by: kraken at July 28, 2022 12:28 PM (Vr12I)

89 The first rule about recession club, is: don't talk about recession club.

Posted by: Thomas Paine at July 28, 2022 12:28 PM (lTGtQ)

90 Remind me, what do journalists' mothers do in hell?
---
$20, same as in town

Posted by: People's Hippo Voice at July 28, 2022 12:28 PM (2zVlE)

91 The first head of this monster to die has got to be the media.

Posted by: Miss Issippi at July 28, 2022 12:28 PM (sI15f)

92 I wrote most of this post at 10 am; I didn't expect the censorship to come so quickly.

Heh. Gotta hand it to our commie overlords - they are relentless. I dumped FarceBook two years ago and have zero regrets.

Posted by: Notorious BFD at July 28, 2022 12:28 PM (Xrfse)

93 But we are gonna vote our way outta this, right?

Posted by: Elric Blade at July 28, 2022 12:28 PM (iFTx/)

94 Question for those who may be in-the-know:

I've read that the contraction would have been worse, except exports were way up (or something to that effect). My question is, is the sale of oil from our strategic reserve counted in the export column, and if so, would that amount have been enough to move the needle?

Posted by: No One of Consequence at July 28, 2022 12:28 PM (CAJOC)

95 Piss on my back and calling it rain
Doo Dah, Doo Dah
Telling me we're not feelin' the pain
All the live long day

Posted by: bill in arkansas, not gonna comply with nuttin, waiting for the 0300 knock on the door at July 28, 2022 12:28 PM (lz5hY)

96 83 78 Posted by: Sponge - RIP Dave in Texas at July 28, 2022 12:23 PM (Zz0t1)

"What about my massage parlor interlude....UNLEASH THE THIRD CHAKRA!"

//ALGore

Posted by: sven at July 28, 2022 12:27 PM (Lzpvj)

Was gonna put Al in instead, by he didn't get completion, from my understanding.

Posted by: jim (in Kalifornia) at July 28, 2022 12:28 PM (ynpvh)

97 Germany had their Weimer Republic.
We have our Weiner Republic (run by a bunch of dicks)
Posted by: jim (in Kalifornia) at July 28, 2022 12:27 PM (ynpvh)

Or not (?) in the case of Robert Levine, the pervert HHS admiral/ secretary.

Posted by: trev006 at July 28, 2022 12:29 PM (3IxOB)

98 It only gets worse from here. While the job market is still ok, unemployment is now up to pre COVID levels. Deeper down in the jobs report, you can see a lot oof people are taking 2 jobs to survive and older retirees are back in the market because they can't afford to live on a fixed retirement income. Consumer spending and confidence has also started to take a hit. Equity markets are pretty much flat since Lettuce Brain took over, and people's 401k are disappearing.

They're right, this isn't a "recession". It's a deliberate train wreck.

Posted by: Marcus T at July 28, 2022 12:29 PM (VpIIl)

99 I don't know who runs that RNC Research Twitter account but they are consistently good at it.

Posted by: bluebell at July 28, 2022 12:29 PM (aeePL)

100 Remember the fucktards we fight have convinced themselves that rising prices, debauched federal spending, and reduced industry are the keys to economic happiness....

they are not rational people and Monty and the Doom crew are about to be grinning like enzyte bob.

Posted by: sven at July 28, 2022 12:29 PM (Lzpvj)

101 87 Declining real spending in the physical economy, declining investment, declining inventories and reduced construction and fixed asset investment while inflation continues and the average joe's credit cards are nearly maxed out isn't exactly a rosy "things are better than the top-line GDP print indicates" story.
Posted by: Joe Mannix (Not a cop!) at July 28, 2022 12:28 PM (WWh8n)

=========

You're such a wrecker.

Posted by: TheJamesMadison, learning the value of horror with Wes Craven at July 28, 2022 12:29 PM (LvTSG)

102 53 People still use Fackbook?
I haven't been on that piece of shit in years.

Creepy, invasive thing...

Posted by: Deplorable Ian Galt
-----------------------------
That is why Fakebook is desperately trying to make Instagram into a TikTok like service. Euro regulators, lawsuits, Apple, and software do not track add ons are ultimately destroying the Fakebook advert model. Googul has Android phone users to harvest, Apple ditto with its ecosystem, Fakebook has no hardware hook to enslave its 'clients' and that is why they bet the farm on creating a metaverse (renamed the parent company and all) fake reality.

Posted by: whig at July 28, 2022 12:29 PM (CXr4y)

103 AlGore in "The Third Chakra Strikes Back."

Posted by: Anna Puma at July 28, 2022 12:29 PM (Z4Wwh)

104 Redefine Marriage
Redefine Woman
Redefine Recession

Words have no meaning. A dictionary is pointless.

Posted by: SH (Roe Overturned) at July 28, 2022 12:29 PM (sX1BW)

105 86 We have our Weiner Republic (run by a bunch of dicks)
Posted by: jim (in Kalifornia) at July 28, 2022 12:27 PM

Headed by Nadler I bet

Posted by: Scuba_Dude at July 28, 2022 12:29 PM (WsJuq)

106 The New York Times is doing the latter to make the number appear smaller, even though the annualized figure is the usual one used.

But the other figure is used as well.

They're using the smaller figure for propaganda reasons, though.
Posted by: ace at July 28, 2022 12:24 PM (B3oWe)

Shit, you're right Ace. I forgot about that. my brain is still mush after that marathon meeting. thanks for the clarification.

Posted by: SturmToddler (po3vF) at July 28, 2022 12:29 PM (p03vF)

107 Fk Joe Biden

Posted by: Skip's phone at July 28, 2022 12:30 PM (LUZhL)

108 Then: You proles really have it too good under Trump

Now: Um...things are great now. And you proles are in your rightful place

Posted by: The Left at July 28, 2022 12:30 PM (ESjRY)

109 Joe, thanks, that's helpful.

Posted by: ace at July 28, 2022 12:30 PM (B3oWe)

110 7 It's not a recession, just shrinkage, like what happens when I think about Nancy Pelosi or Triggly Puff.
Posted by: jim (in Kalifornia) at July 28, 2022 12:16 PM (ynpvh)

"Putin's shrinkage"

Posted by: upcoming NPC firmware update at July 28, 2022 12:30 PM (DTX3h)

111 I saw this somewhere this morning: “It’s not an authentic recession unless it comes from the Recession region of France.”

Posted by: Buck Throckmorton at July 28, 2022 12:30 PM (d9Cw3)

112 Yes, please pass The Joe Manchin Tax and Spend Act. Put another torpedo in the economy.

Posted by: Marcus T at July 28, 2022 12:30 PM (VpIIl)

113 56 There should be a channel on TV where ordinary people get to tell the media what they think about them.

I'd watch that.

Posted by: sniffybigtoe at July 28, 2022 12:24 PM (UuD2k)

One network tried that many years ago on the nightly news. Ordinary people spoke on the news stories. They made the news readers sound like they were speaking in "Special English". Didn't last long.

Posted by: Javems at July 28, 2022 12:30 PM (AmoqO)

114 97 Germany had their Weimer Republic.
We have our Weiner Republic (run by a bunch of dicks)
Posted by: jim (in Kalifornia) at July 28, 2022 12:27 PM (ynpvh)

Or not (?) in the case of Robert Levine, the pervert HHS admiral/ secretary.

Posted by: trev006 at July 28, 2022 12:29 PM (3IxOB)

I'm sure it wears the dick.

Posted by: jim (in Kalifornia) at July 28, 2022 12:30 PM (ynpvh)

115 So what will be the excuse for not calling it a recession in October when we have three negative quarters in a row of GDP growth?

Posted by: BetaCuck4Lyfe at July 28, 2022 12:30 PM (MFZ8i)

116 I think we should accuse the media of "talking down" the economy.

A month ago, they were all saying how great it was.
Now they're taking it down with all this "may be" recession talk.

Posted by: People's Hippo Voice at July 28, 2022 12:31 PM (2zVlE)

117 Why is this not “Trump’s recession?” In the Light Years everything was Bush’s fault.

Posted by: Corona-exile lost in spaces at July 28, 2022 12:31 PM (3wNhr)

118 115 So what will be the excuse for not calling it a recession in October when we have three negative quarters in a row of GDP growth?
Posted by: BetaCuck4Lyfe at July 28, 2022 12:30 PM (MFZ8i)

=========

Racism.

Posted by: TheJamesMadison, learning the value of horror with Wes Craven at July 28, 2022 12:31 PM (LvTSG)

119
#LGBFJB

Posted by: Yo! Ultra MAGA at July 28, 2022 12:31 PM (69zJu)

120 is the sale of oil from our strategic reserve counted in the export column, and if so, would that amount have been enough to move the needle?

Personally, I believe to ask is to answer.

Posted by: GMan at July 28, 2022 12:31 PM (GfWuY)

121 My question is, is the sale of oil from our strategic reserve counted in the export column, and if so, would that amount have been enough to move the needle?

Posted by: No One of Consequence

Yes, that and giving aid to China were the two reasons it was done. They just couldn't sell our oil fast enough.

Posted by: Thomas Paine at July 28, 2022 12:31 PM (lTGtQ)

122 The way they keep tossing money out to corporations and foreign governments we will be so deep in debt money won't be worth printing it.

Posted by: Skip's phone at July 28, 2022 12:31 PM (LUZhL)

123 "I wrote most of this post at 10 am; I didn't expect the censorship to come so quickly."

Like you said, it's algorithmic, therefore fast. Only a punished, shamed AI could come up with some of this stuff.

Posted by: Please Place The gp In The Bag at July 28, 2022 12:31 PM (qpX6U)

124 Try as the Junta might, anyone earning a legit paycheck and has an IQ above 70 understands the country is in a recession.

Posted by: Archer at July 28, 2022 12:31 PM (gmo/4)

125 Bloomberg Radio had a guest on this morning (20 minutes before the GDP release) who tried to downplay the importance of GDP. He tried to introduce something called a GPI (a gross price index? didn't quite catch it) to show that growth actually grew in the last quarter.

Bloomberg & Co. are manfully trying to pull Biden and the Dems over the line on Election Day.

Posted by: Darrell Harris at July 28, 2022 12:32 PM (CeGA3)

126 I saw this somewhere this morning: “It’s not an authentic recession unless it comes from the Recession region of France.” "It's just sparkling misery."

Posted by: BourbonChicken at July 28, 2022 12:32 PM (44ww/)

127 The mortgage market/housing is also experiencing a historic collapse. The only thing holding it up is speculative long-end buying, hoping for a rebound.

Posted by: Marcus T at July 28, 2022 12:32 PM (VpIIl)

128 Oh, and that 0.9%?! Yeah, they fudged that number to be as small a contraction as possible.

That was a staple of the Obama years. The government would release "good" economic statistics, and then quietly revise them sharply downwards a month or two later.

Posted by: The ARC of History! at July 28, 2022 12:32 PM (I2/tG)

129 125 Bloomberg Radio had a guest on this morning (20 minutes before the GDP release) who tried to downplay the importance of GDP. He tried to introduce something called a GPI (a gross price index? didn't quite catch it) to show that growth actually grew in the last quarter.

Bloomberg & Co. are manfully trying to pull Biden and the Dems over the line on Election Day.
Posted by: Darrell Harris at July 28, 2022 12:32 PM (CeGA3)

========

GPI? Sounds like inflation measures, to me.

Posted by: TheJamesMadison, learning the value of horror with Wes Craven at July 28, 2022 12:33 PM (LvTSG)

130 I'd pluck me. I'd pluck me hard.

Posted by: Buffalo Chicken at July 28, 2022 12:33 PM (yQpMk)

131 So what will be the excuse for not calling it a recession in October when we have three negative quarters in a row of GDP growth?

Posted by: BetaCuck4Lyfe

Three? Get ready for eleven quarters.

Posted by: Thomas Paine at July 28, 2022 12:33 PM (lTGtQ)

132 Has Thousand Millimeter Reich spleefed on this?

Posted by: Anna Puma at July 28, 2022 12:33 PM (Z4Wwh)

133 "People still use Fackbook?
I haven't been on that piece of shit in years.

Creepy, invasive thing...

Posted by: Deplorable Ian Galt"

My teenage sons tell me only really old people (29+) use it anymore. Fortunately I gave it up years ago.

Posted by: Ripley at July 28, 2022 12:33 PM (MxEKc)

134 Al Gores III: Return of the Jizz in Your Eye

Posted by: Sponge - RIP Dave in Texas at July 28, 2022 12:33 PM (Zz0t1)

135 "Independent fact-checkers"

Another term they choose to misdefine.

"Propagandist," assclowns.

Posted by: flounder at July 28, 2022 12:33 PM (G0wZa)

136 127 The mortgage market/housing is also experiencing a historic collapse. The only thing holding it up is speculative long-end buying, hoping for a rebound.

Posted by: Marcus T at July 28, 2022 12:32 PM (VpIIl)

To be expected, especially here in Kalifornia. You have houses at 1500 square feet going for over $1Million, but how do you make payments with interest rates in the 6%+ range? So something has to give.

Posted by: jim (in Kalifornia) at July 28, 2022 12:33 PM (ynpvh)

137 128 Oh, and that 0.9%?! Yeah, they fudged that number to be as small a contraction as possible.

That was a staple of the Obama years. The government would release "good" economic statistics, and then quietly revise them sharply downwards a month or two later.
Posted by: The ARC of History! at July 28, 2022 12:32 PM (I2/tG)

=========

They regularly underestimated the strength of the economy under Trump, too.

Because the civil service is populated with non-partisans and trying to fire them en masse would be a crime against humanity.

Posted by: TheJamesMadison, learning the value of horror with Wes Craven at July 28, 2022 12:34 PM (LvTSG)

138 I saw this somewhere this morning: “It’s not an authentic recession unless it comes from the Recession region of France.” "It's just sparkling misery."
Posted by: BourbonChicken at July 28, 2022 12:32 PM (44ww/)

Saw that yesterday. Classic stuff. But it's not going to matter unless Biden has raise interest rates AND have large economic growth in the third quarter (with one cancelling the other, at best). Most likely inflation will remain high as the economy fails. At worst Russia and China will take measures to collapse it entirely.

Posted by: trev006 at July 28, 2022 12:34 PM (3IxOB)

139 Has Thousand Millimeter Reich spleefed on this?
Posted by: Anna Puma at July 28, 2022 12:33 PM (Z4Wwh)

He is an expert on negative growth.

Posted by: Wally at July 28, 2022 12:34 PM (FJYfm)

140 Yes, please pass The Joe Manchin Tax and Spend Act. Put another torpedo in the economy.

Raising taxes as the economy goes into recession is the definition of stupid.

Posted by: The ARC of History! at July 28, 2022 12:34 PM (I2/tG)

141 Biden:
"Surprised" by "Unexpected" Bowel Movement
"Surprised" by "Unexpected" Moment of Lucidity

Posted by: 29Victor at July 28, 2022 12:34 PM (BJKQV)

142 135 "Independent fact-checkers"

Another term they choose to misdefine.

"Propagandist," assclowns.

Posted by: flounder at July 28, 2022 12:33 PM (G0wZa)

Official Fellators of the Administration?

Posted by: jim (in Kalifornia) at July 28, 2022 12:34 PM (ynpvh)

143 "They've started the "fact" checking, which is the ideological pretext for beginning the algorithmic suppression and then the bannings."

the few prepper guys on YouTube I watch at times, know very well what words they cannot say, and they comply. I've suggested they also post their videos on Rumble, but YouTube apparently pays the best, has the widest audience, more accessible on "Smart Tv's and other devices I guess.

But kinda sad ... the bolder ones get removed completely, others get the warning, made to sit in the corner for a week wearing the dunce hat. They should go fully to Rumble (or wherever) ... but YouTube is mostly a monopoly, along with the other BigTech WMDs.

Posted by: illiniwek at July 28, 2022 12:34 PM (Cus5s)

144 I saw Orwellian Hellscape open for GWAR at the Scope in '84.

Posted by: Goodbury and Graves, Ltd. at July 28, 2022 12:34 PM (PIlQh)

145 I just redefined weight gain and some other stuff we won't talk about, and I'm 18 again. WooHoo! 8 hours of sleep without a head call coming right up.

Posted by: bill in arkansas, not gonna comply with nuttin, waiting for the 0300 knock on the door at July 28, 2022 12:34 PM (lz5hY)

146 136 127 The mortgage market/housing is also experiencing a historic collapse. The only thing holding it up is speculative long-end buying, hoping for a rebound.

Posted by: Marcus T at July 28, 2022 12:32 PM (VpIIl)

To be expected, especially here in Kalifornia. You have houses at 1500 square feet going for over $1Million, but how do you make payments with interest rates in the 6%+ range? So something has to give.
Posted by: jim (in Kalifornia) at July 28, 2022 12:33 PM (ynpvh)

You ever watch " The Big Short"?

Posted by: kraken at July 28, 2022 12:34 PM (Vr12I)

147 Then: You proles really have it too good under Trump

Now: Um...things are great now. And you proles are in your rightful place
Posted by: The Left at July 28, 2022 12:30 PM (ESjRY)

Those days are gone forever
Over a long time ago, oh yeah
-- Steely Dan: "Pretzel Logic"

https://www.youtube.com/watch?v=hrMAFvIKoCw

Posted by: Napoleon XIV at July 28, 2022 12:34 PM (AiZBA)

148 Seems the Ukrania grain harvests are coming along nicely

Posted by: New Yawk Times at July 28, 2022 12:35 PM (flINI)

149 That was a staple of the Obama years. The government would release "good" economic statistics, and then quietly revise them sharply downwards a month or two later.
Posted by: The ARC of History! at July 28, 2022 12:32 PM (I2/tG)

I'd certainly revise down now: but with an eye to faking a third quarter recovery. May as well front load the damage.

Posted by: trev006 at July 28, 2022 12:35 PM (3IxOB)

150 No matter how cynical I get, I just can't seem to keep up. I never thought outfits like Fartbook would ever be this brazen about enforcing the party line. I thought they would continue to try to hide their propagandizing under the pretense of "public good" or some other similar horseshit.

If there's any justice, they're sowing the seeds of their own destruction. But frankly, I don't know any more if there is any justice. I guess we'll soon find out just how powerful the elites are.

Posted by: Meade Lux Lewis, Domestic Terrorist at July 28, 2022 12:35 PM (sWM8x)

151 Then: You proles really have it too good under Trump

Now: Um...things are great now. And you proles are in your rightful place
Posted by: The Left at July 28, 2022 12:30 PM (ESjRY)

And yet, at least 50% of the country will willingly bankrupt themselves paying for has and food because ORANGE MAN BAD!!

Change my mind.

Posted by: Mary Poppins' Practically Perfect Piercing at July 28, 2022 12:35 PM (AW0uW)

152
Facebook is for old people

Wanna see a pic of my grandkid?

Posted by: Yo! Ultra MAGA at July 28, 2022 12:35 PM (69zJu)

153 >>>115 So what will be the excuse for not calling it a recession in October when we have three negative quarters in a row of GDP growth?

The thing about the Biden administration is they are in so far above their heads, that they don't even worry about three months from now. They have to get through this day, this hour, and whatever that takes is whatever it takes since three months from now might as well be a lifetime away since Old Joe might stroke out well before then anyways.

Posted by: Match Checksout at July 28, 2022 12:35 PM (IK4m/)

154 Hail Hail Ukrania
Land of the Braaave and Freee !!!

Posted by: kraken at July 28, 2022 12:36 PM (Vr12I)

155 We've got the worst economy in American history - an recession WITH hyperinflation? - and we are going to have the FNM tell us things are better then ever...

Posted by: 18-1 at July 28, 2022 12:36 PM (ESjRY)

156 Definition of "Special English" from the Voice of America, a State Department product. Used to listen in Africa. Sounds like a network news reader.

"Learn English as you read and listen to Voice of America (VOA) news stories about education, technology, current events and other topics in America. The stories are written at the intermediate and upper-beginner level and are read one-third slower than regular VOA English."

Posted by: Javems at July 28, 2022 12:36 PM (AmoqO)

157 NeverTrump made no error. This is what they want. This is where they want to be. And it's where they want you.

Posted by: ... at July 28, 2022 12:36 PM (yOjJe)

158 Just a few words that liberals have redefined:
"recession"
"woman"
...

My favorite is "nazi":

1: a member of a German fascist party controlling Germany from 1933 to 1945 under Adolf Hitler

2: one who holds any political view not in line with the current woke narrative

Posted by: quantum mechanic at July 28, 2022 12:36 PM (vcv8B)

159 Have I got some securitized mortgage-backed instruments for you!

Posted by: Wall Street! at July 28, 2022 12:36 PM (I2/tG)

160 Generally recessions don't last too long. I may be the rare optimist here in thinking we'll probably be in positive growth by year-end and will have Obama era low growth years going forward, plus higher inflation.

Posted by: Red Turban Someguy - The Republic is already dead! at July 28, 2022 12:36 PM (b2nrj)

161 Joe, thanks, that's helpful.
Posted by: ace at July 28, 2022 12:30 PM (B3oWe)

From Ace, is this dripping with sarcasm or actually sincere?

Posted by: Sponge - RIP Dave in Texas at July 28, 2022 12:36 PM (Zz0t1)

162 How much of this "none dare call it a recession" will bring more attention to the fact that it's a recession?

It's so disturbing, how the entire current strategy is "find a lie that the 20% of our core base that watches TV will swallow because they like the taste of our lies."

These are not good lies. They're not plausible. They are sloppy, knee-jerk panic lies.

Posted by: People's Hippo Voice at July 28, 2022 12:36 PM (2zVlE)

163 Also, it figures that on a day I decide to stay away from the HQ, CBD posts a painting that is basically a wet dream for me.

FML.

Posted by: Mary Poppins' Practically Perfect Piercing at July 28, 2022 12:36 PM (AW0uW)

164 If there's any justice, they're sowing the seeds of their own destruction. But frankly, I don't know any more if there is any justice. I guess we'll soon find out just how powerful the elites are.
Posted by: Meade Lux Lewis, Domestic Terrorist at July 28, 2022 12:35 PM (sWM8x)

You'd be surprised. Zuckerberg was kissing Xi Jingping's ass even when Facebook (rightly) was banned in China. Say what you want about the thieving bastard, he knows power comes most definitively from the barrel of a gun.

Posted by: trev006 at July 28, 2022 12:37 PM (3IxOB)

165 The peasants were getting too uppity under Trump. Now we have been returned to our proper place. They sure hope we've learned a lesson from all this.

Posted by: 29Victor at July 28, 2022 12:37 PM (BJKQV)

166 This controversy is a prime example of why the United States and the West in general are falling behind our Asian competitors. In China's Sino-capitalist system, the strong state involvement allows the government to set aggressive growth targets and intervene in real-time through engagement in the markets directly via their state-owned enterprises (SOEs). The SOEs can direct investment and employment if needed to achieve the growth targets set by the central government, so long as those growth targets are reasonable.

The Sino-capitalist model is based on private market activity to achieve growth with high efficiency of capital allocation through the markets, but still allows the state various tools to interact with the private market to direct top-level objectives and provide capital management. This hybrid is a strong system that has achieved consistent growth and rapid development of the business environment.

Our laissez-faire approach of unmanaged capital investment exposes us to significant volatility and backsliding that the Chinese in particular do not experience. The xenophoba and market ideology of our system prevents us from enjoying that stability

Posted by: Your Kid's Economics Professor at July 28, 2022 12:37 PM (WWh8n)

167 Can I have mean tweets back?

Posted by: Minnfidel at July 28, 2022 12:37 PM (GwxCX)

168
We're not in a recession. We're falling headlong into a DEPRESSION.

Censor that one.

Posted by: J.J. Sefton at July 28, 2022 12:37 PM (x0n13)

169 Remember Baghdad bob. Our current junta was taking notes.

Posted by: USNtakim deplorable, now with ultra maga at July 28, 2022 12:37 PM (6zcSr)

170 So what will be the excuse for not calling it a recession in October when we have three negative quarters in a row of GDP growth?

--------------

It is the price you pay for a transition to good clean energy.

Posted by: SH (Roe Overturned) at July 28, 2022 12:37 PM (sX1BW)

171 145 I just redefined weight gain and some other stuff we won't talk about, and I'm 18 again. WooHoo! 8 hours of sleep without a head call coming right up.

Posted by: bill in arkansas, not gonna comply with nuttin, waiting for the 0300 knock on the door at July 28, 2022 12:34 PM (lz5hY)

Old joke:
Doctor: "Do you urinate regularly?"
Old Man: "Yup, 6 o'clock every morning"
Doctor: "What about your bowel movements?"
Old Man: "7 o'clock every morning"
Doctor: "Then what's your problem?"
Old Man: "I don't wake up until 8"

Posted by: jim (in Kalifornia) at July 28, 2022 12:37 PM (ynpvh)

172 Yay!
The Inflation Reduction Act of 2022

Posted by: wth at July 28, 2022 12:37 PM (v0R5T)

173 160 Generally recessions don't last too long. I may be the rare optimist here in thinking we'll probably be in positive growth by year-end and will have Obama era low growth years going forward, plus higher inflation.
Posted by: Red Turban Someguy - The Republic is already dead! at July 28, 2022 12:36 PM (b2nrj)

=========

In previous recessions, it wasn't illegal for large numbers of truckers to enter CA to get good from ports.

This recession could be fundamentally different.

Posted by: TheJamesMadison, learning the value of horror with Wes Craven at July 28, 2022 12:37 PM (LvTSG)

174 Heh. The imbeciles are digging a post hole in a sand dune. No amount of shoveling will produce the desired outcome.

Posted by: Xipe Totec at July 28, 2022 12:37 PM (eJn7u)

175 WE'RE SAVED!!!

Posted by: wth at July 28, 2022 12:37 PM (v0R5T)

176 These are not good lies. They're not plausible. They are sloppy, knee-jerk panic lies.
Posted by: People's Hippo Voice at July 28, 2022 12:36 PM (2zVlE)

And they are all doing them. That's the creepy part. One media outlet is the same as any other because they all say the same thing.

Posted by: sniffybigtoe at July 28, 2022 12:38 PM (Y5qcH)

177 I'd certainly revise down now: but with an eye to faking a third quarter recovery. May as well front load the damage.

They're desperate. You'd think that they'd want the "October rebound" story right before the election.

Posted by: The ARC of History! at July 28, 2022 12:38 PM (I2/tG)

178 The WH just announced a new department. It's the Department of Fartclam. Anything the Joepedo Junta needs will now be pulled from there. The media has agreed and will obey.

Posted by: Minnfidel at July 28, 2022 12:38 PM (GwxCX)

179 Prediction: they'll find some way to nudge next quarter's growth up over 0% and memory-hole all talk of negative growth (such a stupid term, btw) over the last two quarters. Anyone fancy a wager?

Posted by: Elric Blade at July 28, 2022 12:38 PM (iFTx/)

180 148 Seems the Ukrania grain harvests are coming along nicely

Posted by: New Yawk Times at July 28, 2022 12:35 PM (flINI)

Penty of 55-grain...

Posted by: jim (in Kalifornia) at July 28, 2022 12:38 PM (ynpvh)

181 Well, it's not a recession, recession.

Posted by: Archer at July 28, 2022 12:38 PM (gmo/4)

182 Shit, man, I've got nothing on these people.

Posted by: Baghdad Bob at July 28, 2022 12:38 PM (aaGzp)

183 Suburban NY real estate, you put anything up a few months ago and it would barely hit the market before selling. Now it is select buying by cash buyers of more upscale homes. Also, some of those people who bought with adjustable mortgages because they though the rates would stay low are now struggling. It's going to be a mess.

Posted by: Marcus T at July 28, 2022 12:38 PM (VpIIl)

184 What's the significance of a salamander in a top hat?

Posted by: Bertram Cabot, Jr. at July 28, 2022 12:38 PM (63Dwl)

185 It will truly be gratifying, cathartic, when these myriad odious nicklefvckers die in a fire. Ass cancer is acceptable, too.

Posted by: Common Tater at July 28, 2022 12:38 PM (3sphl)

186 Posted by: Darrell Harris at July 28, 2022 12:32 PM (CeGA3)

Bloomberg is trying to sell hyperinflation as a useful metric, and a positive thing?!

Posted by: Polliwog the 'Ette at July 28, 2022 12:38 PM (nC+QA)

187 FUNCESSION

Posted by: wth at July 28, 2022 12:38 PM (v0R5T)

188 Also, it figures that on a day I decide to stay away from the HQ, CBD posts a painting that is basically a wet dream for me.

FML.
Posted by: Mary Poppins' Practically Perfect Piercing at July 28, 2022 12:36 PM (AW0uW)

Was going to ask if you saw it.......

Posted by: Sponge - RIP Dave in Texas at July 28, 2022 12:38 PM (Zz0t1)

189 FDR's policies furthered the Great Depression.

Then World War II came along

Posted by: Anna Puma at July 28, 2022 12:38 PM (Z4Wwh)

190 They must expect (hope) the Green New Deal (or is it now the "deficit reduction act"?) ... the trillion in free money thrown on the inflationary bonfire will give them a quarter of positive growth before the election.

It will be a gusher of spending perhaps, but not sure they can dodge the iceberg (which they already hit, but the captain says not to worry). The supply issues are still there, the energy policy still slows our production, we still depend on China for so much ...

Posted by: illiniwek at July 28, 2022 12:39 PM (Cus5s)

191 So what will be the excuse for not calling it a recession in October when we have three negative quarters in a row of GDP growth?
Posted by: BetaCuck4Lyfe at July 28, 2022 12:30 PM (MFZ8i)

Republican Election Tampering...

Posted by: SturmToddler (po3vF) at July 28, 2022 12:39 PM (p03vF)

192 I wrote most of this post at 10 am; I didn't expect the censorship to come so quickly.
++++
You were up at 10?

/me runs away

Posted by: Joe Mannix (Not a cop!) at July 28, 2022 12:39 PM (WWh8n)

193 152
Facebook is for old people
Wanna see a pic of my grandkid?
Posted by: Yo! Ultra MAGA at July 28, 2022 12:35 PM (69zJu)

There was a meme a few years ago, that in 50 years, if FB is still around, it will be a graveyard...

Posted by: jim (in Kalifornia) at July 28, 2022 12:39 PM (ynpvh)

194 Just call it stagflation then. There is no "definition" of that - but old people know what it means, and the rest will be finding out good and hard.

Posted by: Roy at July 28, 2022 12:39 PM (u20be)

195 179 Prediction: they'll find some way to nudge next quarter's growth up over 0% and memory-hole all talk of negative growth (such a stupid term, btw) over the last two quarters. Anyone fancy a wager?
Posted by: Elric Blade at July 28, 2022 12:38 PM (iFTx/)

=========

I was hearing lots of predictions that they'd fake the 2nd quarter numbers so hard that we'd have positive numbers no matter what.

Instead, the WH is just trying to change long agreed upon definitions.

Posted by: TheJamesMadison, learning the value of horror with Wes Craven at July 28, 2022 12:39 PM (LvTSG)

196 Joe handing out WIN pins?

Posted by: Archer at July 28, 2022 12:39 PM (gmo/4)

197 Why is anyone not named Karen still of farcebook?

Posted by: BurtTC at July 28, 2022 12:39 PM (47mFt)

198 Had a conversation today with some folks about how today's youth are basically all-in on a "renter" culture. They do not want to own things because it means they are now responsible for those things.

Wonder how that is impacting the economic downturn when a significant portion of the population is only consuming (i.e., renting) all of their goods and services instead of owning them outright.

Posted by: "Perfessor" Squirrel at July 28, 2022 12:39 PM (YIVH2)

199 173 160 Generally recessions don't last too long. I may be the rare optimist here in thinking we'll probably be in positive growth by year-end and will have Obama era low growth years going forward, plus higher inflation.
Posted by: Red Turban Someguy - The Republic is already dead! at July 28, 2022 12:36 PM (b2nrj)

=========

In previous recessions, it wasn't illegal for large numbers of truckers to enter CA to get good from ports.

This recession could be fundamentally different.
Posted by: TheJamesMadison, learning the value of horror with Wes Craven at July 28, 2022 12:37 PM (LvTSG)

One major difference is that the tech/startup industry is not as overextended as the late 90s and the housing industry is not as overextended as 2007. Yes, new regulations and inflation will weigh on growth but we don't have something paradigm shifting just yet.

Posted by: Red Turban Someguy - The Republic is already dead! at July 28, 2022 12:40 PM (b2nrj)

200 188 Also, it figures that on a day I decide to stay away from the HQ, CBD posts a painting that is basically a wet dream for me.

FML.
Posted by: Mary Poppins' Practically Perfect Piercing at July 28, 2022 12:36 PM (AW0uW)

=======

I even made a comment that it was designed for you.

Posted by: TheJamesMadison, learning the value of horror with Wes Craven at July 28, 2022 12:40 PM (LvTSG)

201 we'll probably be in positive growth by year-end and will have Obama era low growth years going forward, plus higher inflation

--------------

Good news, revenue is growing.
Bad news, costs are growing more.

Let's see how this plays out.

Posted by: SH (Roe Overturned) at July 28, 2022 12:40 PM (sX1BW)

202 Gosh, our cutting off the world's second largest oil producer and one of the major exporters of food and fertilizer from the world economy is working out just great!

Posted by: The Bulwark! at July 28, 2022 12:40 PM (I2/tG)

203 Reminder: as mini-Build Back Better gets ready to get passed next week via reconciliation, it would not have been possible to do without Mitch McConnell okaying GOP Senators to vote for the bullshit "infrastructure" bill.

This isn't GOP getting fooled again by Democrats. This was done with the full knowledge of McConnell and the rest of the GOP.

Manchin's kabuki theater that he was against it was just that -- part of the plan re: timing. They wanted to make sure that the inflation created by BBB wasn't felt before the midterms.

And, again: GOPe WAS IN ON IT.

Posted by: Ultra MAGA Venus at July 28, 2022 12:40 PM (YVBLw)

204 Posted by: Your Kid's Economics Professor at July 28, 2022 12:37 PM

Mannix, you are scary good at that.

Posted by: RedMindBlueState at July 28, 2022 12:40 PM (RkC6l)

205 What's the significance of a salamander in a top hat?
Posted by: Bertram Cabot, Jr. at July 28, 2022 12:38 PM (63Dwl)

It's how you fool the rubes into thinking you're actually magic. -- Stage Magicians Everywhere.

Posted by: Napoleon XIV at July 28, 2022 12:40 PM (AiZBA)

206 But kinda sad ... the bolder ones get removed completely, others get the warning, made to sit in the corner for a week wearing the dunce hat. They should go fully to Rumble (or wherever) ... but YouTube is mostly a monopoly, along with the other BigTech WMDs.

Posted by: illiniwek
-----------------------
Googul loses money on YT services themselves due to the horrendous hardware costs of providing realtime streaming to billions but makes money from selling some more data points about individuals' preferences to companies. That is why Rumble is not really a competitor as Googul uses its consumer services as loss leaders in order to hose up their 'customers' data to sell to advertisers. AdSense (or whatever they are calling it now) is the heart of Googul and where the profits are made.

For Rumble to compete effectively in video space, it would effectively have to be able to sell its data to advertisers and that means competing with the big dog Googul. Rumble is better positioned to be an alternative paid subscription source with freebie teaser vids and that makes more sense as a corporation.

Posted by: whig at July 28, 2022 12:40 PM (CXr4y)

207 184 What's the significance of a salamander in a top hat?
Posted by: Bertram Cabot, Jr. at July 28, 2022 12:38 PM (63Dwl)

It's an excuse to not declare a recession.

Posted by: Red Turban Someguy - The Republic is already dead! at July 28, 2022 12:41 PM (b2nrj)

208 The Left starred by "moderating" small forums.

Now they moderate the web's largest sites.

Google already catalogs this place in almost real time, and is working on perfecting natural language processing. So that a computer will be able to know what you are saying beyond the use of certain key words. One day not too far away the Left will enact real time censorship of the entire web.

For the children.

Posted by: ... at July 28, 2022 12:41 PM (yOjJe)

209 Just call it stagflation then. There is no "definition" of that - but old people know what it means, and the rest will be finding out good and hard.
Posted by: Roy at July 28, 2022 12:39 PM (u20be)
-----------
Whip Inflation Now!

Posted by: Captain Obvious, Laird o' the Sea at July 28, 2022 12:41 PM (aaGzp)

210 The White House now says it's only a recession if you see a salamander wearing a top hat.
........

Better kill it and eat it.

Posted by: wth at July 28, 2022 12:41 PM (v0R5T)

211 Suburban NY real estate, you put anything up a few months ago and it would barely hit the market before selling. Now it is select buying by cash buyers of more upscale homes. Also, some of those people who bought with adjustable mortgages because they though the rates would stay low are now struggling. It's going to be a mess.

I'm already watching housing prices decline locally. Down just 2% in the last two months, but the slope has to be established before it can be made slippery.

Posted by: Blanco Basura - moronhorde.com - Email for morons. at July 28, 2022 12:41 PM (Bd6X8)

212 Stop whining, peasants!

At least we don't have a famine!

We're saving that for winter!

Posted by: The White House! at July 28, 2022 12:41 PM (I2/tG)

213 They're desperate. You'd think that they'd want the "October rebound" story right before the election.
Posted by: The ARC of History! at July 28, 2022 12:38 PM (I2/tG)

You'd certainly think so, especially with the vampiric leeches of the New York media helping every step of the way, but November is going to portend disaster for a lot of people, especially in Europe. Biden might end up badly wishing that Trump had won- he did, or course, but he really should have been allowed to prevent all this from happening.

Posted by: trev006 at July 28, 2022 12:41 PM (3IxOB)

214 160 Generally recessions don't last too long. I may be the rare optimist here in thinking we'll probably be in positive growth by year-end and will have Obama era low growth years going forward, plus higher inflation.
Posted by: Red Turban Someguy - The Republic is already dead!

Ditto. Obama-era growth until we get another Trump who lets the economy breathe again for a few years.

Posted by: quantum mechanic at July 28, 2022 12:41 PM (vcv8B)

215 In previous recessions, it wasn't illegal for large numbers of truckers to enter CA to get good from ports.

This recession could be fundamentally different.
Posted by: TheJamesMadison, learning the value of horror with Wes Craven at July 28, 2022 12:37 PM (LvTSG)
++++
Much more important is the cost of capital. The previous recent recessions occurred during a 40-year downward cycle in interest rates. This one is at the start of a cycle of rising interest rates.

In other words, all of those expensive "policy tools" the government has (spending orgies) are much, much more expensive and difficult and a lot of them are gone completely.

Posted by: Joe Mannix (Not a cop!) at July 28, 2022 12:41 PM (WWh8n)

216 Asscancer... wait, that's already taken.

Posted by: weft cut-loop at July 28, 2022 12:41 PM (IEa8U)

217 Lettuce Brain says it's "no surprise" the economy is slowing down. Tries to partially blame COVID. Except, stupid, everything was recovering until you took over. I can actually read a chart, you sputtering jackass.

Posted by: Marcus T at July 28, 2022 12:41 PM (VpIIl)

218 Doocy: "It's two consecutive quarters of negative GDP growth... How is that not redefining recession?"

Jean-Pierre: "That's not the definition."

The Jedi Mind Trick administration.

It's just that we're not Mr. T.......

Posted by: Sponge - RIP Dave in Texas at July 28, 2022 12:41 PM (Zz0t1)

219 Generally recessions don't last too long. I may be the rare optimist here in thinking we'll probably be in positive growth by year-end and will have Obama era low growth years going forward, plus higher inflation.

Posted by: Red Turban Someguy - The Republic is already dead! at July 28, 2022 12:36 PM (b2nrj)

The Fed and the administration are trying to control the economy, the Fed is trying to save itself and its member banks, the administration is trying to save itself, and they both fear "liquidity traps" like Krugman taught them

Posted by: Kindltot at July 28, 2022 12:42 PM (xhaym)

220 I've had to take action because that whore Sarah is drying up my hash pool with her daily herpes drippings. The things I do for this place.

Posted by: ... at July 28, 2022 12:42 PM (yOjJe)

221 Google already catalogs this place in almost real time, and is working on perfecting natural language processing.
----------
Let's see it try to parse bewb threads.

Posted by: Captain Obvious, Laird o' the Sea at July 28, 2022 12:42 PM (aaGzp)

222 I saw Salamanders with Top Hats open for Men with hats in 85' It was lit!

Posted by: Minnfidel at July 28, 2022 12:42 PM (GwxCX)

223 From best economy in a generation to recession in 18 months. Thanks Brandon! #FJB

Posted by: Guy Mohawk at July 28, 2022 12:42 PM (8GBH4)

224 Ok, let's cut to the chase and call it a DEPRESSION... because that's what it feels like to me.

Posted by: redridinghood at July 28, 2022 12:42 PM (NpAcC)

225 We're not in a recession. We're falling headlong into a DEPRESSION.
Censor that one.
Posted by: J.J. Sefton at July 28, 2022 12:37 PM (x0n13)

They will.
Things are going to get far worse than anything in my old H.S. history books. We never had the rest of the planet dragging us down in quite the same way. And as far as social media - it's tantamount to Ma Bell listening in on your phone conversations and disconnecting you when you say the wrong thing, or USPS going through your mail and burning any offending letters. We are well and truly fucked. 2024 is dog years away, and I'm a mayfly.

Posted by: clutch cargo - Now fortified with CPM-S90V at July 28, 2022 12:42 PM (zB/T/)

226 At least we don't have a famine!

This is the first Presidential Administration ever to boast that at least people aren't starving to death in the United States!

Posted by: The ARC of History! at July 28, 2022 12:42 PM (I2/tG)

227 >Biden is giving us a chance to give up materialism and focus on what really matters!!!
Posted by: ace at July 28, 2022 12:26 PM (B3oWe)

The Democrats have freed me from Food Lock!

Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at July 28, 2022 12:42 PM (QY3QQ)

228 So are we now living in Hitler's Germany, Stalin's Soviet Union, Mao's China, or Pol Pot's Cambodia?

I would like to know whether to invest in Concentration Camps, Gulags, Cannibal food products, or ammo & vacant fields?

Posted by: BetaCuck4Lyfe at July 28, 2022 12:42 PM (MFZ8i)

229 The most shocking thing to me is that Ace wrote most of this post at 10AM. Matlock starts at noon and there's really no reason to be up before then.

Posted by: Goodbury and Graves, Ltd. at July 28, 2022 12:43 PM (PIlQh)

230 Maybe Joey and his pals will Enron themselves.

Posted by: Anna Puma at July 28, 2022 12:43 PM (Z4Wwh)

231 215 Much more important is the cost of capital. The previous recent recessions occurred during a 40-year downward cycle in interest rates. This one is at the start of a cycle of rising interest rates.

In other words, all of those expensive "policy tools" the government has (spending orgies) are much, much more expensive and difficult and a lot of them are gone completely.
Posted by: Joe Mannix (Not a cop!) at July 28, 2022 12:41 PM (WWh8n)

=========

Yes, that's the major element at play here. However, my point was the smaller one: Democrats have implemented policies in key areas that are designed to hold down economic activity.

Just wait until New York locks down again in October because of COVID 17: This Time They're Out for Vengeance.

Posted by: TheJamesMadison, learning the value of horror with Wes Craven at July 28, 2022 12:43 PM (LvTSG)

232 195 179 Prediction: they'll find some way to nudge next quarter's growth up over 0% and memory-hole all talk of negative growth (such a stupid term, btw) over the last two quarters. Anyone fancy a wager?
Posted by: Elric Blade at July 28, 2022 12:38 PM (iFTx/)

=========

I was hearing lots of predictions that they'd fake the 2nd quarter numbers so hard that we'd have positive numbers no matter what.

Instead, the WH is just trying to change long agreed upon definitions.
Posted by: TheJamesMadison, learning the value of horror with Wes Craven at July 28, 2022 12:39 PM (LvTSG)
___________________________

I think they did fake them but no amount of fakery could get to 0% or higher. The real number is between 1.5-2% negative. Plus, I think this is a setup to fake-brag about "improving" numbers in the run-up to November. They probably realize -- and rightfully so -- that few people are really paying attention to any of this in the dog days of summer. So take a hit now when it's not really important and setup a fake "improvement" leading up to November.

Posted by: Elric Blade at July 28, 2022 12:43 PM (iFTx/)

233 The definition of four lights is now five lights.

Posted by: ... at July 28, 2022 12:43 PM (yOjJe)

234 Much more important is the cost of capital. The previous recent recessions occurred during a 40-year downward cycle in interest rates. This one is at the start of a cycle of rising interest rates.

In other words, all of those expensive "policy tools" the government has (spending orgies) are much, much more expensive and difficult and a lot of them are gone completely.
Posted by: Joe Mannix (Not a cop!) at July 28, 2022 12:41 PM (WWh8n)

Absent taxation(and possibly what amounts to theft from depositers/taxpayers, this is mostly a personal theory based on depositers and taxpayers being the real lender and not receiving corresponding returns), equity and debt financing are transparent.

Posted by: Red Turban Someguy - The Republic is already dead! at July 28, 2022 12:43 PM (b2nrj)

235 160 Generally recessions don't last too long. I may be the rare optimist here in thinking we'll probably be in positive growth by year-end and will have Obama era low growth years going forward, plus higher inflation.
Posted by: Red Turban Someguy - The Republic is already dead!

I'll take that action. I really don't think people understand how bad the winter will get, or why. But I know the score. Europe is going to have at least some major regime change, likely by Christmas.

Posted by: trev006 at July 28, 2022 12:43 PM (3IxOB)

236 What's the significance of a salamander in a top hat?

Posted by: Bertram Cabot, Jr. at July 28, 2022 12:38 PM

Gecko was already spoken for.

Posted by: RedMindBlueState at July 28, 2022 12:43 PM (RkC6l)

237 Total Global FUNPRESSION

Posted by: Truck Monkey Report at July 28, 2022 12:43 PM (flINI)

238 This is easily explained. Slow kids can't follow the rules they set for others.

Posted by: Puddinhead at July 28, 2022 12:43 PM (sVfvf)

239 So are we now living in Hitler's Germany, Stalin's Soviet Union, Mao's China, or Pol Pot's Cambodia?

I would like to know whether to invest in Concentration Camps, Gulags, Cannibal food products, or ammo & vacant fields?
Posted by: BetaCuck4Lyfe at July 28, 2022 12:42 PM (MFZ8i)
++++
None of the above. We're in a hybridized chimera based on Maoism but structured more like classical fascism.

Posted by: Joe Mannix (Not a cop!) at July 28, 2022 12:43 PM (WWh8n)

240 The worst is the "Mid Atlantic" accent.

E.g. Peter Jennings - it's a special way to sound like an arrogant twat, and he excelled.

As a counterpoint, an earlier journalist equally as educated and erudite - Elmer Davis, maintained a stolid Indiana accent (such as it was) and was very highly trusted. Because, in part, he didn't sound like a pompous ass.

See how that works, mainstream media?

Posted by: Common Tater at July 28, 2022 12:43 PM (3sphl)

241 Is the US in a recession? Depends on what the meaning of “is” is.

Posted by: Bulgaroctonus at July 28, 2022 12:44 PM (iXjtm)

242 Doocy: "It's two consecutive quarters of negative GDP growth... How is that not redefining recession?"

Jean-Pierre: "That's ~~not the definition~~ racisst."

Posted by: wth at July 28, 2022 12:44 PM (v0R5T)

243 So are we now living in Hitler's Germany, Stalin's Soviet Union, Mao's China, or Pol Pot's Cambodia?

I would like to know whether to invest in Concentration Camps, Gulags, Cannibal food products, or ammo & vacant fields?
Posted by: BetaCuck4Lyfe at July 28, 2022 12:42 PM (MFZ8i)

Embrace the power of 'and.'

Posted by: Sponge - RIP Dave in Texas at July 28, 2022 12:44 PM (Zz0t1)

244 It's too bad that all these millions of dullards out there whining about their student loan payments don't understand that the way to get out of debt and get rid of those is to just go borrow more money.

🤡🌎

Posted by: Azathoth at July 28, 2022 12:44 PM (wb1YC)

245 They've been telegraphing Cambodia for quite some time now.

Posted by: ... at July 28, 2022 12:44 PM (yOjJe)

246 "Then what is the definition of recession, and can you point me to the economic textbook that you got that definition from?"

Posted by: TheJamesMadison, learning the value of horror with Wes Craven at July 28, 2022 12:44 PM (LvTSG)

247 212 Stop whining, peasants!
At least we don't have a famine!
We're saving that for winter!
Posted by: The White House! at July 28, 2022 12:41 PM (I2/tG)

this admin wants to immanetize the four horsemen...

Posted by: jim (in Kalifornia) at July 28, 2022 12:45 PM (ynpvh)

248 When you consider that the buying power of your money has shrunk by 30%, the economy is going gangbusters!

Posted by: The White House at July 28, 2022 12:45 PM (//PXO)

249 @166 The Sino-capitalist model

----

The "Sino-capitalist model" is based on a massive real estate bubble that looks like it's about to burst. Chinese citizens have stopped paying their mortgages on their crap properties, and banks aren't allowing depositors to withdraw funds.

Posted by: junior at July 28, 2022 12:45 PM (Y65bf)

250 Anyone listening to anything Paul Krugman says is the posterchild for dumbshit.

Posted by: Sponge - RIP Dave in Texas at July 28, 2022 12:45 PM (Zz0t1)

251 It will be a gusher of spending perhaps, but not sure they can dodge the iceberg
---
I suspect that, while we're distracted with this, they are already changing (or changed) the formula for calculation of GDP by making government spending a greater percentage.

So yeah, Q3 is going to be technically 0, at worst.

Gas will be $6.50 and the media will tell you there's no inflation and the economy is in recovery (oh, because they already changed the definition of recovery too.)

Posted by: People's Hippo Voice at July 28, 2022 12:45 PM (2zVlE)

252 This slender Asian lady on the beach knows a recession when she sees one - and she sees one:
https://is.gd/Wf85vl

Posted by: Joe Mannix (Not a cop!) at July 28, 2022 12:46 PM (WWh8n)

253 Monkeycession

Posted by: ... at July 28, 2022 12:46 PM (yOjJe)

254 From best economy in a generation to recession in 18 months. Thanks Brandon! #FJB
Posted by: Guy Mohawk at July 28, 2022 12:42 PM (8GBH4)

This will be the 5th time the Democrats have destroyed the economy in the last 40 years and they have become very good at it.

Posted by: The Architect at July 28, 2022 12:46 PM (yQpMk)

255 None of the above. We're in a hybridized chimera based on Maoism but structured more like classical fascism.
---------------
Meh. We are in NeoFueudalism globally.

Posted by: Puddinhead at July 28, 2022 12:46 PM (sVfvf)

256 " I may be the rare optimist here in thinking we'll probably be in positive growth by year-end and will have Obama era low growth years going forward, plus higher inflation. "

lol. By what measurement? They have already changed all the official statistical measures to fit their narrative. The economists I deal with are saying negative to zero growth until at least 2023, then sluggish, low growth at best. There is zero on the horizon to suggest a sea change that turns this around. You will probably get a Republican House and maybe a senate to slow down the spending. But any material changes to tax laws, etc., will be vetoed by Empty Head and his coterie of ideological imbeciles

Posted by: Marcus T at July 28, 2022 12:46 PM (VpIIl)

257 "Ok, let's cut to the chase and call it a DEPRESSION... because that's what it feels like to me."

For me, the inflation is far more terrifying than GDP drops.

Posted by: Please Place The gp In The Bag at July 28, 2022 12:46 PM (qpX6U)

258 226 At least we don't have a famine!

This is the first Presidential Administration ever to boast that at least people aren't starving to death in the United States!

Posted by: The ARC of History! at July 28, 2022 12:42 PM (I2/tG)

Not according to the commercials that state that hundreds of thousands of kids don't get enough to eat in America--donate now!

Posted by: jim (in Kalifornia) at July 28, 2022 12:46 PM (ynpvh)

259 239 So are we now living in Hitler's Germany, Stalin's Soviet Union, Mao's China, or Pol Pot's Cambodia?

I would like to know whether to invest in Concentration Camps, Gulags, Cannibal food products, or ammo & vacant fields?
Posted by: BetaCuck4Lyfe at July 28, 2022 12:42 PM (MFZ8i)
++++
None of the above. We're in a hybridized chimera based on Maoism but structured more like classical fascism.
Posted by: Joe Mannix (Not a cop!) at July 28, 2022 12:43 PM (WWh8n)
___________________________

Or Rush's 2112 . . . .

Posted by: Elric Blade at July 28, 2022 12:47 PM (iFTx/)

260 What's the significance of a salamander in a top hat?
Posted by: Bertram Cabot, Jr. at July 28, 2022 12:38 PM (63Dwl)
.........

It means the amphibian population is doing well.

Posted by: wth at July 28, 2022 12:47 PM (v0R5T)

261 This slender Asian lady on the beach knows a recession when she sees one - and she sees one:
https://is.gd/Wf85vl
Posted by: Joe Mannix (Not a cop!) at July 28, 2022 12:46 PM (WWh8n)

That's quite the finish line.

Posted by: Sponge - RIP Dave in Texas at July 28, 2022 12:47 PM (Zz0t1)

262 Should hacks parroting the govt's propaganda even have 1st Amendment rights?

Posted by: sniffybigtoe at July 28, 2022 12:47 PM (Y5qcH)

263 This slender Asian lady on the beach knows a recession when she sees one - and she sees one:
https://is.gd/Wf85vl
Posted by: Joe Mannix (Not a cop!) at July 28, 2022 12:46 PM (WWh8n)

***

NO YELLOW!

Benjamin Franklin 1775

Posted by: Hunter Biden at July 28, 2022 12:47 PM (flINI)

264 One major difference is that the tech/startup industry is not as overextended as the late 90s and the housing industry is not as overextended as 2007. Yes, new regulations and inflation will weigh on growth but we don't have something paradigm shifting just yet.

Posted by: Red Turban Someguy
----------------------------------
I suspect we will be looking at stagflation situation rather the Obama era. Supply is being constricted globally of food, strategic minerals such as silicon and rare earth, and of course energy. So, we will probably be colder, hungrier, and poorer during Winter of 2022-3.

The problem with financialization of the economy is that people ignore the fundamentals which are real products being produced and sold. The discordance we see with fiat currency regimes, credit, and financial markets and its ability to buy increasingly non-existent products is the paradigm shift.

It is as we are Wiley E. Coyote who has run off a cliff but are just now realizing it before gravity kicks in.

Posted by: whig at July 28, 2022 12:47 PM (CXr4y)

265 "Much more important is the cost of capital. The previous recent recessions occurred during a 40-year downward cycle in interest rates. This one is at the start of a cycle of rising interest rates. "

Take a look at the CP market.

Posted by: Marcus T at July 28, 2022 12:48 PM (VpIIl)

266 The "Sino-capitalist model" is based on a massive real estate bubble that looks like it's about to burst. Chinese citizens have stopped paying their mortgages on their crap properties, and banks aren't allowing depositors to withdraw funds.
Posted by: junior at July 28, 2022 12:45 PM (Y65bf)
++++
It is bursting as we speak. The mortgage payment revolt by pre-completion purchasers, the revocation of credit from suppliers and contractors, the large number of failures of small firms supporting real estate, the continued zero-COVID policy - the air is flying out of China's real estate bubble and it's going to take a lot of the Chinese economy with it, especially once you factor in that a lot of localities are financed directly through real estate and suddenly they're all going to need money from other sources and the only source available is their residents.

Posted by: Joe Mannix (Not a cop!) at July 28, 2022 12:48 PM (WWh8n)

267
Twitter is being pulled in two directions, at the moment. They don't know whether to be fake "experts" on recessions or monkeypox, right now.

Posted by: Soothsayer's Untrue But Accurate Tales at July 28, 2022 12:48 PM (rjIKj)

268 Meh. We are in NeoFueudalism globally.
Posted by: Puddinhead at July 28, 2022 12:46 PM (sVfvf)

Feudalism led by Christians was a constant struggle, but at least Western Christian societies were relatively stable.

Feudalism led by godless, rootless turds is the spiralling disaster everyone knew it would be.

Posted by: trev006 at July 28, 2022 12:48 PM (3IxOB)

269 Should hacks parroting the govt's propaganda even have 1st Amendment rights?
Posted by: sniffybigtoe at July 28, 2022 12:47 PM (Y5qcH)

Yes. However, it should be noted that there is a significant difference between Freedom of Speech and Freedom of the Press.

Posted by: Sponge - RIP Dave in Texas at July 28, 2022 12:48 PM (Zz0t1)

270 "algorithmic" is an anagram of "logarithmic"

this must mean something.

Posted by: quantum mechanic at July 28, 2022 12:48 PM (vcv8B)

271 My thinking is inflation will hit double digits sooner or later

Posted by: Skip's phone at July 28, 2022 12:48 PM (LUZhL)

272 252 This slender Asian lady on the beach knows a recession when she sees one - and she sees one:
https://is.gd/Wf85vl

Posted by: Joe Mannix (Not a cop!) at July 28, 2022 12:46 PM (WWh8n)

Checkered flag for the winner?

Posted by: jim (in Kalifornia) at July 28, 2022 12:48 PM (ynpvh)

273 As this train wreck hurtles towards its inevitable conclusion, the unwashed masses will begin to glimpse that it was deliberate, with malice aforethought. Unfortunately, it will be too late.

Posted by: Notorious BFD at July 28, 2022 12:48 PM (Xrfse)

274 258 226 At least we don't have a famine. Igor to Dr. Frankenstein, "At least it isn't raining". Funny stuff we need.

Posted by: bill in arkansas, not gonna comply with nuttin, waiting for the 0300 knock on the door at July 28, 2022 12:49 PM (lz5hY)

275 "strategic minerals such as silicon ..."

Silicon is strategic? Thank goodness it is so abundant.

Posted by: Please Place The gp In The Bag at July 28, 2022 12:49 PM (qpX6U)

276 >>>203 Reminder: as mini-Build Back Better gets ready to get passed next week via reconciliation, it would not have been possible to do without Mitch McConnell okaying GOP Senators to vote for the bullshit "infrastructure" bill.

This technically not true. Dems always had the votes for reconciliation, it was just a question of whether they could get to a package Manchin would agree to. Infrastructure bill was not formally tied to this, and whatever linkage that existed was just Pelosi/Squad thinking they could roll Manchin by tying the Green New Deal (reconciliation) to the normal process infrastructure bill that he was in favor of (that didn't work and wouldn't have).

If anything the GOPe did mattered here, it was the recent passing of the CHIPs (semiconductor plant subsidies) that helped clear the Senate agenda for this reconciliation stuff. GOPe could have held CHIPs up and made Schumer/Manchin/Senate work on that ... and maybe (MAYBE) run out the clock on the reconciliation stuff.

Posted by: Match Checksout at July 28, 2022 12:49 PM (IK4m/)

277 POLITICO Chief Economic Correspondent and CNBC contributor Ben White March 2020:
"IHS just downgraded first quarter growth to -2.1% others are also going negative. The second quarter will be down by double digits.
All this just means is that we are in a recession right now."

Ben White July 2022:
"The White House is pretty obviously right that even two quarters of shrinking GDP would not show the economy is currently in recession.
Getting people to understand that and the nuances of our strange, vexing, economic movement is just really hard.
By me."

Nuances.

Posted by: Christopher R Taylor at July 28, 2022 12:49 PM (Ivdso)

278 Mark Segraves
@SegravesNBC4
39m
BREAKING: DC @MayorBowser requests @DCNationalGuard activated indefinitely to help migrant busses arriving in DC. Calling it a "humanitarian crisis" that has reached a "tipping point" with 4,000 migrants so far. Requesting DC Armory be used as processing center. @nbcwashington

Posted by: redridinghood at July 28, 2022 12:49 PM (NpAcC)

279 This will be the 5th time the Democrats have destroyed the economy in the last 40 years and they have become very good at it.

Posted by: The Architect at July 28, 2022 12:46 PM (yQpMk)

Friend, this is shaping up to be the most important election of our lives. Only we can stop the Duly Elected in a Fair and Free Process President Biden Agenda. But we can't do it without your help? Will you help us?

Posted by: The GOP - Donate Today! at July 28, 2022 12:49 PM (yOjJe)

280 I remember when George HW Bush was running for reelection against Clinton. The MSM killed him saying the economy was in recession yet it had ended a year and a half before the election.

US Recession: July 1990 to March 1991 (8 months)
Presidential Election: November 3, 1992 (19 months after the recession ended, but it hadn't been announced yet)
National Bureau of Economic Research Official Announcement that the 1990-91 Recession Ended: December 22, 1992 (22 months after the recession ended, almost two months after the presidential election)

The deep state and media have worked hand in hand for a long time.

Posted by: BetaCuck4Lyfe at July 28, 2022 12:49 PM (MFZ8i)

281 Media pretending Americans are so stupid they won't care about a recession if the experts can't define it.

Posted by: clever arriviste at July 28, 2022 12:49 PM (4h9M3)

282
Checkered flag for the winner?
Posted by: jim (in Kalifornia) at July 28, 2022 12:48 PM (ynpvh)

She must take it off and wave it......

Posted by: Sponge - RIP Dave in Texas at July 28, 2022 12:49 PM (Zz0t1)

283 Did the WH fools really say the f word? (famine)

Posted by: vmom stabby stabby stabby stabby stabamillion at July 28, 2022 12:49 PM (EGSGm)

284 This is the first Presidential Administration ever to boast that at least people aren't starving to death in the United States!

We didn't say that. We said that a famine isn't defined by people starving to death.

Posted by: The White House at July 28, 2022 12:49 PM (Q14hI)

285 256

lol. By what measurement? They have already changed all the official statistical measures to fit their narrative. The economists I deal with are saying negative to zero growth until at least 2023, then sluggish, low growth at best. There is zero on the horizon to suggest a sea change that turns this around. You will probably get a Republican House and maybe a senate to slow down the spending. But any material changes to tax laws, etc., will be vetoed by Empty Head and his coterie of ideological imbeciles
Posted by: Marcus T at July 28, 2022 12:46 PM (VpIIl)

Recessions come about due to misallocation of capital, usually overallocation to a particular sector. Today we can see that in tech, and more dubiously housing(unclear whether there is really an overallocation). The people who make up the economy will get things sorted on their own, it doesn't require a special act by the government, though the Biden administration is doing what it can to get in the way.

Q1 2023 vs Q4 2022 is not a terribly different estimate, and Obama growth we seemed agreed on.

Posted by: Red Turban Someguy - The Republic is already dead! at July 28, 2022 12:49 PM (b2nrj)

286 Yes. However, it should be noted that there is a significant difference between Freedom of Speech and Freedom of the Press.
Posted by: Sponge - RIP Dave in Texas at July 28, 2022 12:48 PM (Zz0t1)

I say no. They are acting as agents of the govt, so they can be shutdown.

Posted by: sniffybigtoe at July 28, 2022 12:49 PM (Y5qcH)

287 So, should we just whisper "the R word" instead?

Posted by: Liz at July 28, 2022 12:49 PM (dKIxp)

288 We're not in a recession, but if we were, it's Putin's fault.

Posted by: Duke Lowell at July 28, 2022 12:50 PM (Qy7kP)

289 Mark Segraves
@SegravesNBC4
39m
BREAKING: DC @MayorBowser requests @DCNationalGuard activated indefinitely to help migrant busses arriving in DC. Calling it a "humanitarian crisis" that has reached a "tipping point" with 4,000 migrants so far. Requesting DC Armory be used as processing center. @nbcwashington
Posted by: redridinghood at July 28, 2022 12:49 PM (NpAcC)

Must not be an insurrection then. The NG isn't used for protecting against those, I'm told.

Posted by: Sponge - RIP Dave in Texas at July 28, 2022 12:50 PM (Zz0t1)

290 278 Mark Segraves
@SegravesNBC4
39m
BREAKING: DC @MayorBowser requests @DCNationalGuard activated indefinitely to help migrant busses arriving in DC. Calling it a "humanitarian crisis" that has reached a "tipping point" with 4,000 migrants so far. Requesting DC Armory be used as processing center. @nbcwashington
Posted by: redridinghood at July 28, 2022 12:49 PM (NpAcC)

=======

Maybe at 5,000, they'll start talking about sending them back to their home countries.

Posted by: TheJamesMadison, learning the value of horror with Wes Craven at July 28, 2022 12:50 PM (LvTSG)

291 Can't Define "Recession" >>> <<< Can't Define "Woman"?

Posted by: Elric Blade at July 28, 2022 12:50 PM (iFTx/)

292 275 "strategic minerals such as silicon ..."

Silicon is strategic? Thank goodness it is so abundant.

Posted by: Please Place The gp In The Bag at July 28, 2022 12:49 PM (qpX6U)

glass, semiconductors...

Posted by: jim (in Kalifornia) at July 28, 2022 12:50 PM (ynpvh)

293 I suspect we will be looking at stagflation situation rather the Obama era. Supply is being constricted globally of food, strategic minerals such as silicon and rare earth, and of course energy. So, we will probably be colder, hungrier, and poorer during Winter of 2022-3.

The problem with financialization of the economy is that people ignore the fundamentals which are real products being produced and sold. The discordance we see with fiat currency regimes, credit, and financial markets and its ability to buy increasingly non-existent products is the paradigm shift.

It is as we are Wiley E. Coyote who has run off a cliff but are just now realizing it before gravity kicks in.
Posted by: whig at July 28, 2022 12:47 PM (CXr4y)

I did say Obama era + inflation.

Posted by: Red Turban Someguy - The Republic is already dead! at July 28, 2022 12:50 PM (b2nrj)

294 Who gave the government word definition rights?

Posted by: Skip's phone at July 28, 2022 12:50 PM (LUZhL)

295
SHRINKAGE? I WAS IN THE POOL!

Posted by: THE CONSTANZA ECONOMY at July 28, 2022 12:50 PM (8GBH4)

296 279 This will be the 5th time the Democrats have destroyed the economy in the last 40 years and they have become very good at it.

Posted by: The Architect at July 28, 2022 12:46 PM (yQpMk)

Friend, this is shaping up to be the most important election of our lives. Only we can stop the Duly Elected in a Fair and Free Process President Biden Agenda. But we can't do it without your help? Will you help us?

Posted by: The GOP - Donate Today! at July 28, 2022 12:49 PM (yOjJe)

"The Fifth Wave"?

Posted by: jim (in Kalifornia) at July 28, 2022 12:51 PM (ynpvh)

297 As with any Democrat in the White House, I would take the GDP numbers with a grain of salt. In several weeks when they "revise" the numbers, the actual GDP drop will be -1.1%, and then the next revision of the 2nd QTR GDP will have it down -1.3%.

Remember, with a Democrat in the White House, the initial numbers are always "better" than what the final numbers will be.

Now if a GOP President was in office the GDP initial quarterly numbers usually go like this, initial -0.4%, 1st revision 0.0%, final revision +0.3%, but you can damn sure bet that the media won't talk about the revisions.

Posted by: Ashley Judd's Puffy Scamper at July 28, 2022 12:51 PM (HJcWr)

298 This is late stage Soviet union, with Joe Biden in the lead role as Constantine Chernenko propped up by a massive propaganda operation whose primary function was to cover up the the deteriorating condition of the Bolshevik empire

Posted by: The enraged citizens at July 28, 2022 12:51 PM (YTBIQ)

299 287 So, should we just whisper "the R word" instead?
Posted by: Liz at July 28, 2022 12:49 PM (dKIxp)

========

The Economic Condition that Must Not Be Named.

Posted by: TheJamesMadison, learning the value of horror with Wes Craven at July 28, 2022 12:51 PM (LvTSG)

300 That thing I did in your mouth? That wasn't cum.

Posted by: Commissar of Plenty and Lysenko Solutions at July 28, 2022 12:51 PM (ARwXL)

301 So I guess that all of the copy I 'read' about the Putin recession' can be shitcanned?

Posted by: Winston Smith at July 28, 2022 12:51 PM (cY9wR)

302 156 Definition of "Special English" from the Voice of America, a State Department product. Used to listen in Africa. Sounds like a network news reader.

"Learn English as you read and listen to Voice of America (VOA) news stories about education, technology, current events and other topics in America. The stories are written at the intermediate and upper-beginner level and are read one-third slower than regular VOA English."
Posted by: Javems at July 28, 2022 12:36 PM (AmoqO)

Who's their narrator? Garrett Morris?

Posted by: Darrell Harris at July 28, 2022 12:51 PM (CeGA3)

303 BREAKING: DC @MayorBowser requests @DCNationalGuard activated indefinitely to help migrant busses arriving in DC. Calling it a "humanitarian crisis" that has reached a "tipping point" with 4,000 migrants so far. Requesting DC Armory be used as processing center. @nbcwashington
Posted by: redridinghood at July 28, 2022 12:49 PM (NpAcC)
---
Suck it up, buttercup!

Posted by: "Perfessor" Squirrel at July 28, 2022 12:51 PM (YIVH2)

304 287 So, should we just whisper "the R word" instead?

Posted by: Liz at July 28, 2022 12:49 PM (dKIxp)

Racism?

Posted by: jim (in Kalifornia) at July 28, 2022 12:51 PM (ynpvh)

305 Just noticed that the regime authorized yet another 20 million barrels of oil to be sold from the Strategic Petroleum Reserve two days ago. That is in addition to the 125 million already released. so no it is more than 20% tapped out. I really think this is helping to temporarily lower the prices slightly but the idiots have no credible plan to meet our energy needs expect to keep tapping into it. (And starving us to death.)

Is there a drawdown limit? The regime will take it to zero if necessary.

Posted by: Ripley at July 28, 2022 12:51 PM (MxEKc)

306 Can I have mean tweets back?

Posted by: Minnfidel at July 28, 2022 12:37 PM (GwxCX)

Would you settle for incomprehensible gibberish? Inflation and all that.

Posted by: flounder at July 28, 2022 12:51 PM (G0wZa)

307 DC @MayorBowser requests @DCNationalGuard activated indefinitely to help migrant busses arriving in DC. Calling it a "humanitarian crisis" that has reached a "tipping point" with 4,000 migrants so far.

*Greg Abbott dons his Joe Cool sunglasses*

Posted by: Sponge - RIP Dave in Texas at July 28, 2022 12:52 PM (Zz0t1)

308 BREAKING: DC @MayorBowser requests @DCNationalGuard activated indefinitely to help migrant busses arriving in DC. Calling it a "humanitarian crisis" that has reached a "tipping point" with 4,000 migrants so far. Requesting DC Armory be used as processing center. @nbcwashington
Posted by: redridinghood at July 28, 2022 12:49 PM (NpAcC)
.......

What has she got against breakfast tacos?

Posted by: wth at July 28, 2022 12:52 PM (v0R5T)

309 You need a lot of coal to process silicon. It really likes being sand.

Posted by: sniffybigtoe at July 28, 2022 12:52 PM (Y5qcH)

310 I like AP's pic of the androgynous shopper.

Posted by: Braenyard at July 28, 2022 12:52 PM (a0N9U)

311 245 ..., yo. Cambodia, Rwanda, Holodomor 2.0, all growed up and gone global.

The Green Hunger, coming to a killing field near you.

Posted by: callsign claymore at July 28, 2022 12:52 PM (Tid00)

312 Take a look at the CP market.
Posted by: Marcus T at July 28, 2022 12:48 PM (VpIIl)
++++
3-month AA financial commercial paper rate per FRED:
Jan 03 2022: 0.14%
Jul 26 2022: 2.65%

That's a 19x increase in seven months. Have to go pretty meaningfully pre-COVID (late 201

to see it that high, except then the economy was doing well. Yowza.

Posted by: Joe Mannix (Not a cop!) at July 28, 2022 12:52 PM (WWh8n)

313 Sorry, government imbeciles, but you cannot change reality to fit your narrative, and you cannot prevent anyone from pointing out reality, no matter how many deep tech oligarchs you have trying to censor speech.

Posted by: Thomas Paine at July 28, 2022 12:53 PM (lTGtQ)

314 311 245 ..., yo. Cambodia, Rwanda, Holodomor 2.0, all growed up and gone global.

The Green Hunger, coming to a killing field near you.

Posted by: callsign claymore at July 28, 2022 12:52 PM (Tid00)

bodies = organic fertilizer

Posted by: jim (in Kalifornia) at July 28, 2022 12:53 PM (ynpvh)

315 At least we don't have a famine!

I'm kinda hangry though. I did not plan well for lunch.

Posted by: bear with asymmetrical balls at July 28, 2022 12:53 PM (ppBhU)

316 Wow. The shopper in the AP photo sure looks pitiful. Skinny, shriveled, stoop-shouldered, masked.

Posted by: Emmie at July 28, 2022 12:53 PM (t62xj)

317 Online dictionaries save the cost of reprinting.

Posted by: DaveA at July 28, 2022 12:53 PM (FhXTo)

318 glass, semiconductors...
Posted by: jim (in Kalifornia) at July 28, 2022 12:50 PM (ynpvh)

You need pretty high purity silica to make glass, and extremely high to make semiconductors. Fortunately, high-purity quartz sand is far from rare.

Posted by: Alberta Oil Peon at July 28, 2022 12:53 PM (yzsfV)

319 If We Were In a Recession, The Case For It.

Posted by: NR at July 28, 2022 12:53 PM (Q14hI)

320 316 Wow. The shopper in the AP photo sure looks pitiful. Skinny, shriveled, stoop-shouldered, masked.

Posted by: Emmie at July 28, 2022 12:53 PM (t62xj)

Millenial gamer?

Posted by: jim (in Kalifornia) at July 28, 2022 12:54 PM (ynpvh)

321 @SegravesNBC4
BREAKING: DC @MayorBowser requests @DCNationalGuard activated indefinitely to help migrant busses arriving in DC. Calling it a "humanitarian crisis" that has reached a "tipping point" with 4,000 migrants so far. Requesting DC Armory be used as processing center. @nbcwashington
Posted by: redridinghood at July 28, 2022 12:49 PM (NpAcC)
++++
4,000 is a humanitarian crisis in Washington, DC per their government.

That's less than 5% of the total flooding over the border. Screw 'em. Close the border.

Posted by: Joe Mannix (Not a cop!) at July 28, 2022 12:54 PM (WWh8n)

322 I like AP's pic of the androgynous shopper.

Black socks, mask, backpack. You can smell the open monkeypox sores from here.

Posted by: bear with asymmetrical balls at July 28, 2022 12:54 PM (ppBhU)

323 287 So, should we just whisper "the R word" instead?

--

r3c3ssion

Posted by: vmom stabby stabby stabby stabby stabamillion at July 28, 2022 12:54 PM (y8Kvt)

324 318 glass, semiconductors...
Posted by: jim (in Kalifornia) at July 28, 2022 12:50 PM (ynpvh)

You need pretty high purity silica to make glass, and extremely high to make semiconductors. Fortunately, high-purity quartz sand is far from rare.

Posted by: Alberta Oil Peon at July 28, 2022 12:53 PM (yzsfV)

For one project I was one, we needed a hard glass, so we went with sapphire glass.

Posted by: jim (in Kalifornia) at July 28, 2022 12:55 PM (ynpvh)

325 The Great Unravelling is getting more and more painful to witness.

Posted by: Notorious BFD at July 28, 2022 12:55 PM (Xrfse)

326 WHY IS ANYONE STILL ON FACEBOOK?????!!! THAT is what is so infuriating. Exchanging info on the internet is SOOO much more than fricking Facebook and Twitter!!!

Posted by: Brunnhilde at July 28, 2022 12:55 PM (aW5/6)

327 The "Sino-capitalist model" is based on a massive real estate bubble that looks like it's about to burst. Chinese citizens have stopped paying their mortgages on their crap properties, and banks aren't allowing depositors to withdraw funds.

Posted by: junior
--------------------
Yes it is. An absurd percentage of the Chinese GDP goes to investments in housing--much of which will either never be completed or are of such poor quality that no one lives there. The Zero Covid model is killing production of real goods and local governments that depend on selling leases on property are about to go broke. Xi either has to start shoveling cash out the door or risk a massive lengthy depression. Either way, you end up at the same place either with a short sharp shock of a couple of years or agonizing economic pain for a long period of time. The agonizing pain route though reprograms citizens by changing their expectations and that hinders growth going forward.

Posted by: whig at July 28, 2022 12:55 PM (CXr4y)

328 "The people who make up the economy will get things sorted on their own, it doesn't require a special act by the government, though the Biden administration is doing what it can to get in the way. "

Except when the government keeps intervening (negatively) in the process. The Joe Manchin Economy Destruction Bill has tax changes that will hurt numerous economic drivers. It also has huge spending provisions that will mis-allocate more capital. The alleged "savings" and "revenue" provisions are all dubious. It's a fraud and its going to be a drag on the any recovery.

Posted by: Marcus T at July 28, 2022 12:55 PM (VpIIl)

329 The comment above about Bush I and that recession, correct, and an early outstanding example of gross distortion by institutions.

Thought the National Bureau of Economic Research had hitherto sort of been informally allowed to "call" recessions and other major economic trends, and it wasn't disputed much by others (the 1991-92 episode aside).

But I ran out of adequate words so long ago to describe what we're living through that now I can't even describe my lack of words. On all fronts.

Posted by: rhomboid at July 28, 2022 12:55 PM (OTzUX)

330 At least we don't have a famine!
........

Bank lines > bread lines

Posted by: wth at July 28, 2022 12:55 PM (v0R5T)

331 That's a 19x increase in seven months. Have to go pretty meaningfully pre-COVID (late 201 to see it that high, except then the economy was doing well. Yowza.
Posted by: Joe Mannix (Not a cop!) at July 28, 2022 12:52 PM (WWh8n)

2.44% 3 mo T-Bill.

2.14% 1 mo.

I may get into this. Way more than a savings acct.

Posted by: sniffybigtoe at July 28, 2022 12:55 PM (Y5qcH)

332 Not according to the commercials that state that hundreds of thousands of kids don't get enough to eat in America--donate now!
Posted by: jim (in Kalifornia) at July 28, 2022

***
PSA: "If you saw a child struggling with hunger, how would you know?"

Me: "Damned if I know. Most of the brats I see at the grocery look like they've been pigging out on Cheetos and Nilla Wafers since they were three."

Posted by: Wolfus Aurelius at July 28, 2022 12:55 PM (txdEq)

333 Manchin's kabuki theater that he was against it was just that -- part of the plan re: timing. They wanted to make sure that the inflation created by BBB wasn't felt before the midterms.

And, again: GOPe WAS IN ON IT.

But boy, 'voting' in that Red Wave is going to take care of everything, right?

Posted by: Mary Poppins' Practically Perfect Piercing at July 28, 2022 12:55 PM (AW0uW)

334
This is the first Presidential Administration ever to boast that at least people aren't starving to death in the United States!
Posted by: The ARC of History!

What about those PSAs that talk about children going to bed hungry?

Posted by: Bertram Cabot, Jr. at July 28, 2022 12:56 PM (63Dwl)

335 bodies = organic fertilizer

They're good for the soil.

Posted by: George at July 28, 2022 12:56 PM (yQpMk)

336 BREAKING: DC @MayorBowser requests @DCNationalGuard activated indefinitely to help migrant busses arriving in DC. Calling it a "humanitarian crisis" that has reached a "tipping point" with 4,000 migrants so far. Requesting DC Armory be used as processing center. @nbcwashington

****

Please send all correspondence to 1600 Pennsylvania Avenue, ATTN: ROFL GF

Posted by: Azathoth at July 28, 2022 12:56 PM (wb1YC)

337 326 WHY IS ANYONE STILL ON FACEBOOK?????!!! THAT is what is so infuriating. Exchanging info on the internet is SOOO much more than fricking Facebook and Twitter!!!

Posted by: Brunnhilde
------------------------
Fakebook gives the pretense of relationships without actually investing much time in those relationships.

Posted by: whig at July 28, 2022 12:56 PM (CXr4y)

338 303 I'm an old guy. Is this where we use that Nelson Muntz laugh I've heard so much about?

Posted by: bill in arkansas, not gonna comply with nuttin, waiting for the 0300 knock on the door at July 28, 2022 12:56 PM (lz5hY)

339 BREAKING: DC @MayorBowser requests @DCNationalGuard activated indefinitely to help migrant busses arriving in DC. Calling it a "humanitarian crisis" that has reached a "tipping point" with 4,000 migrants so far. Requesting DC Armory be used as processing center. @nbcwashington
Posted by: redridinghood

I wanna see Gov Death Santa offer to send ......a cavalry unit.

Posted by: Blue Hen at July 28, 2022 12:56 PM (cY9wR)

340 They're clearly delaying it officially being called a Recession untill after the GOP majority is sworn into Congress.

The GOP will mildly complain.

Prolly already mentioned, but I don't have time check.

Posted by: Hands at July 28, 2022 12:57 PM (786Ro)

341 332 Not according to the commercials that state that hundreds of thousands of kids don't get enough to eat in America--donate now!
Posted by: jim (in Kalifornia) at July 28, 2022

***
PSA: "If you saw a child struggling with hunger, how would you know?"

Me: "Damned if I know. Most of the brats I see at the grocery look like they've been pigging out on Cheetos and Nilla Wafers since they were three."

Posted by: Wolfus Aurelius at July 28, 2022 12:55 PM (txdEq)

when the fall over, they roll down the aisle, taking out whatever is in their path...

Posted by: jim (in Kalifornia) at July 28, 2022 12:57 PM (ynpvh)

342 328 "The people who make up the economy will get things sorted on their own, it doesn't require a special act by the government, though the Biden administration is doing what it can to get in the way. "

Except when the government keeps intervening (negatively) in the process. The Joe Manchin Economy Destruction Bill has tax changes that will hurt numerous economic drivers. It also has huge spending provisions that will mis-allocate more capital. The alleged "savings" and "revenue" provisions are all dubious. It's a fraud and its going to be a drag on the any recovery.
Posted by: Marcus T at July 28, 2022 12:55 PM (VpIIl)

I agree that it'll be bad for the economy, but to really lock an economy into bad shape we'd need something more on the order of price controls, nationalization, or a much heavier regulatory framework like seen during the Great Depression.

Posted by: Red Turban Someguy - The Republic is already dead! at July 28, 2022 12:57 PM (b2nrj)

343 I think they did fake them but no amount of fakery could get to 0% or higher. The real number is between 1.5-2% negative. Plus, I think this is a setup to fake-brag about "improving" numbers in the run-up to November. They probably realize -- and rightfully so -- that few people are really paying attention to any of this in the dog days of summer. So take a hit now when it's not really important and setup a fake "improvement" leading up to November.

that's the plan anyway

reality might have other ideas, I dunno

when summer ends all the big swinging dicks come back from the shore/beach house, and it's gonna be a lot harder to fake shit up

Posted by: BlackOrchid at July 28, 2022 12:57 PM (w0NJk)

344 What about those PSAs that talk about children going to bed hungry?

Eight out of ten chirruns!!!

Posted by: The Ad Council at July 28, 2022 12:57 PM (Xrfse)

345 At least we don't have a famine!

I'm kinda hangry though. I did not plan well for lunch.
Posted by: bear with asymmetrical balls at July 28, 2022 12:53 PM (ppBhU)
........

I did. Gonna catch some bugs.

Posted by: wth at July 28, 2022 12:57 PM (v0R5T)

346
But boy, 'voting' in that Red Wave is going to take care of everything, right?
Posted by: Mary Poppins' Practically Perfect Piercing

Everybody will be voting for the Forward Party.

Posted by: Yang not Com at July 28, 2022 12:58 PM (63Dwl)

347 335 bodies = organic fertilizer

They're good for the soil.

Posted by: George at July 28, 2022 12:56 PM (yQpMk)

Although the excess silicone content in some bodies is not so good.

Posted by: jim (in Kalifornia) at July 28, 2022 12:58 PM (ynpvh)

348 But boy, 'voting' in that Red Wave is going to take care of everything, right?

Posted by: Mary Poppins' Practically Perfect Piercing
--------------------------------------
Makes a difference for people in purple states that the commies may get washed out of power at the state and local level.

Best we can hope at the federal level is stagnation.

Posted by: whig at July 28, 2022 12:58 PM (CXr4y)

349 "You need a lot of coal to process silicon. It really likes being sand."

To me "strategic mineral" means something that we'll someday have to bomb somebody to get. Silicon is not one of those, IMHO. This is not to disparage silicon or its enormous importance to our lives. It is a fine element, beloved by all.

Posted by: Please Place The gp In The Bag at July 28, 2022 12:58 PM (qpX6U)

350 Trump's fault for letting the election get stolen.

Posted by: torabora at July 28, 2022 12:58 PM (Y274z)

351 For one project I was one, we needed a hard glass, so we went with sapphire glass.
Posted by: jim (in Kalifornia) at July 28, 2022 12:55 PM (ynpvh)

Alot of things use synthetic sapphire. Most phone glass, watch faces, anywhere you need clear and high hardness.

Posted by: sniffybigtoe at July 28, 2022 12:58 PM (Y5qcH)

352 Wow. The shopper in the AP photo sure looks pitiful. Skinny, shriveled, stoop-shouldered, masked.

Posted by: Emmie at July 28, 2022 12:53 PM (t62xj)

---------------
He should probably be looking at the Malt-o-Meal section of the cereal aisle, rather than the organic stuff, too. To maximize his purchasing power.

Posted by: Curly Shuffle at July 28, 2022 12:58 PM (TNyrE)

353 Tories have until late 2024 to call a new General election. They won a huge majority in 2019, so no chance of any no confidence vote.

Macron lost his majority in parliament, so he is muted. Italy just booted their commie PM

Posted by: Jonah at July 28, 2022 12:58 PM (gwrBY)

354 339 BREAKING: DC @MayorBowser requests @DCNationalGuard activated indefinitely to help migrant busses arriving in DC. Calling it a "humanitarian crisis" that has reached a "tipping point" with 4,000 migrants so far. Requesting DC Armory be used as processing center. @nbcwashington
Posted by: redridinghood

I wanna see Gov Death Santa offer to send ......a cavalry unit.
Posted by: Blue Hen at July 28, 2022 12:56 PM (cY9wR)

the 7th?

Posted by: jim (in Kalifornia) at July 28, 2022 12:58 PM (ynpvh)

355 Get it here before it is erased, the definition of a recession from ABC News in 2008

https://tinyurl.com/3huzj6wa

"A recession in the simplest terms is two consecutive quarters of the U.S. economy slowing down"

Posted by: Scuba_Dude at July 28, 2022 12:58 PM (4q/mG)

356 348 Makes a difference for people in purple states that the commies may get washed out of power at the state and local level.

Best we can hope at the federal level is stagnation.
Posted by: whig at July 28, 2022 12:58 PM (CXr4y)

=========

I want the NM legislature to suddenly be solidly red.

That'll be entertaining.

Posted by: TheJamesMadison, learning the value of horror with Wes Craven at July 28, 2022 12:59 PM (LvTSG)

357 Old and Busted:
First you lose civility, then fairness, then the rule of law and free speech.

Fresh and upcoming:
Papers, and camps to follow.

Posted by: Progressives gotta progress baby at July 28, 2022 12:59 PM (wbbi2)

358 Also, a record wheat harvest!

Posted by: San Franpsycho at July 28, 2022 12:59 PM (dzJhQ)

359 Is "approaching a recession" the same as "just the tip"?

Posted by: Elric Blade at July 28, 2022 12:59 PM (iFTx/)

360 C'mon, fellow folks, and turn those frowns upside down - remember, No Mean Tweets!

Posted by: NPC_01100011 at July 28, 2022 01:00 PM (a3Q+t)

Posted by: William F. "Buck" Dharma at July 28, 2022 01:00 PM (oedLL)

362 I may get into this. Way more than a savings acct.

Posted by: sniffybigtoe
----------------
You can buy I series inflation bonds but only 10k of bonds (sometimes more depending on circumstances) per year. Those are paying about 9 percent or so from last check. Still losing money in relation to inflation but not as much as a tbill.

Posted by: whig at July 28, 2022 01:00 PM (CXr4y)

363 [Some future press conference]
That is not the accepted definition of Mass Graves In The Forest, Mr. Doocy!

Posted by: Karen Jean-Peeyoo at July 28, 2022 01:00 PM (iC0UR)

364 Propaganda hacks have 1st amendment protected expression but... they should lose any special press status (libel protections, etc). I mean you're just a private citizen repeating the government's commanded party line and not news reporters any longer by any sane definition.

Posted by: Christopher R Taylor at July 28, 2022 01:00 PM (Ivdso)

365 Surprised means you ain't paying attention, right?

Posted by: Eromero at July 28, 2022 01:00 PM (gktX6)

366 I wanna see Gov Death Santa offer to send ......a cavalry unit.
Posted by: Blue Hen at July 28, 2022 12:56 PM (cY9wR)

the 7th?
Posted by: jim

Any unit that has whips...Or which says that they do.

Posted by: Blue Hen at July 28, 2022 01:00 PM (cY9wR)

367 They dredge a lot of high quality sand out of the Arkansas River. There are some glass plants around here turning out some high tech stuff.

Posted by: bill in arkansas, not gonna comply with nuttin, waiting for the 0300 knock on the door at July 28, 2022 01:01 PM (lz5hY)

368 BREAKING: DC @MayorBowser requests @DCNationalGuard activated indefinitely to help migrant busses arriving in DC. Calling it a "humanitarian crisis" that has reached a "tipping point" with 4,000 migrants so far. Requesting DC Armory be used as processing center. @nbcwashington
Posted by: redridinghood

May the odds be ever in your favor, b**ch.

Posted by: BourbonChicken at July 28, 2022 01:01 PM (44ww/)

369 ++++
3-month AA financial commercial paper rate per FRED:
Jan 03 2022: 0.14%
Jul 26 2022: 2.65%

That's a 19x increase in seven months. Have to go pretty meaningfully pre-COVID (late 201 to see it that high, except then the economy was doing well. Yowza.
Posted by: Joe Mannix (Not a cop!) at July 28, 2022 12:52 PM (WWh8n)
-------------------------------

Like, when I sold my Mercury to make payroll?

Posted by: Braenyard at July 28, 2022 01:01 PM (a0N9U)

370 Bankruptcies will start to go thru the roof soon. Have friends who are very frugal in the past, but lost income during Covid and now with kids, who have racked up 25k in Credit Card debt. Biden sucks

Posted by: Jonah at July 28, 2022 01:01 PM (gwrBY)

371 1803: Pelham Street in Newport, Rhode Island was the first section of road in America to introduce the gas lights invented by William Murdoch a decade earlier.

Posted by: stu-mick-o-sucks at July 28, 2022 01:01 PM (gRF5m)

372
Meanwhile, back at the Republican Cuck ranch...

they are taking, as usual, the wait-and-see approach of doing nothing.

Republicans have also been trained to be afraid of "seizing" and "pouncing" so they won't say much.

Posted by: Soothsayer's Untrue But Accurate Tales at July 28, 2022 01:01 PM (hWIGf)

373 Any unit that has whips...Or which says that they do.
Posted by: Blue Hen at July 28, 2022 01:00 PM (cY9wR)
-------------
Second look at sjamboks?

Posted by: Captain Obvious, Laird o' the Sea at July 28, 2022 01:02 PM (aaGzp)

374 Recession propaganda won't be able to influence people once BBB starts to take hold. The final passage of President Biden's agenda signals America's resurgence, and YOUR worst nightmare.

Posted by: Sid at July 28, 2022 01:02 PM (j+KYT)

375 So Granny has to share the cat food.

We're not doing that this time?

Posted by: torabora at July 28, 2022 01:02 PM (Y274z)

376 I want the NM legislature to suddenly be solidly red.

That'll be entertaining.

Posted by: TheJamesMadison, learning the value of horror with Wes Craven at July 28, 2022 12:59 PM (LvTSG)

---------------
I was just in The Land of Enchanment. There will be no Red Wave there.

Posted by: Curly Shuffle at July 28, 2022 01:02 PM (TNyrE)

377 ~~Get it here before it is erased, the definition of a recession from ABC News in 2008~~

~~https://tinyurl.com/3huzj6wa~~

~~"A recession in the simplest terms is two consecutive quarters of the U.S. economy slowing down"~~

Posted by: Twitter at July 28, 2022 01:02 PM (v0R5T)

378 367 They dredge a lot of high quality sand out of the Arkansas River. There are some glass plants around here turning out some high tech stuff.

Posted by: bill in arkansas, not gonna comply with nuttin, waiting for the 0300 knock on the door at July 28, 2022 01:01 PM (lz5hY)

Arkasas even has diamonds

Posted by: jim (in Kalifornia) at July 28, 2022 01:02 PM (ynpvh)

379 I want the NM legislature to suddenly be solidly red.

That'll be entertaining.

Posted by: TheJamesMadison
-----------------------------
Bidenomics could be leading to a political realignment which has not been seen in US politics since 1930-32. The one before that was 1894-96. The midterms usually presage the main event.

Posted by: whig at July 28, 2022 01:02 PM (CXr4y)

380
And what's next is this:

1. There is no recession!
2. Also, Republicans and Fox News are "talking down the economy!"

Posted by: Soothsayer's Untrue But Accurate Tales at July 28, 2022 01:02 PM (hWIGf)

381 Posted by: whig at July 28, 2022 01:00 PM (CXr4y)

Yep, I maxed out my I bond last year and then again this year. Times like these, I can understand why they have the cap.

Posted by: sniffybigtoe at July 28, 2022 01:02 PM (Y5qcH)

382 Hope the 90% of Corporations who backed Biden in 2020 are happy with massive tax raises soon. They also backed Manchin

Posted by: Jonah at July 28, 2022 01:03 PM (gwrBY)

383 Is "approaching a recession" the same as "just the tip"?
Posted by: Elric Blade at July 28, 2022 12:59 PM (iFTx/)

Yes, yes it is

Posted by: The Otters at July 28, 2022 01:03 PM (ufFY8)

384 Posted by: Sid at July 28, 2022 01:02 PM (j+KYT)

=========

I can't believe that the administrative state is doing so much to undermine the great Biden.

We should revisit civil service laws to make them more easily fireable since they are so obviously being partisan in their calculations of economic activity.

Posted by: TheJamesMadison, learning the value of horror with Wes Craven at July 28, 2022 01:03 PM (LvTSG)

385 I for one am relieved that BBB will cure what ails us. Thanks, Joes (Biden and Manchin)!

Posted by: Joe Mannix (Not a cop!) at July 28, 2022 01:03 PM (WWh8n)

386 Looks like 3D printers will be banned now: https://bit.ly/3PN0tmT

Posted by: Blanco Basura - moronhorde.com - Email for morons. at July 28, 2022 01:03 PM (Bd6X8)

387 Recession propaganda won't be able to influence people once BBB starts to take hold. The final passage of President Biden's agenda signals America's resurgence, and YOUR worst nightmare.
Posted by: Sid at July 28, 2022 01:02 PM (j+KYT)

I snorted out loud.

Posted by: G'rump928(c) at July 28, 2022 01:03 PM (yQpMk)

388 I think Sid likes gladiator movies and seeing grown men naked.

Posted by: whig at July 28, 2022 01:03 PM (CXr4y)

389 377 Posted by: Twitter at July 28, 2022 01:02 PM

Damn that was quick!!

Posted by: Scuba_Dude at July 28, 2022 01:03 PM (4q/mG)

390 366 As long as the cavalry unit is going to administer the number 6. "We come in a ridin and a whoopin... And later, the number 6 dance."

Posted by: bill in arkansas, not gonna comply with nuttin, waiting for the 0300 knock on the door at July 28, 2022 01:03 PM (lz5hY)

391 David Hogg ☮️
@davidhogg111
@LeaderHoyer get us the vote on an assault weapons ban or get your resume ready. I'll call up every single one of your donors and run far better candidates in your primary. You lied to these families. It is disgusting and wrong.
9:37 AM · Jul 28, 2022

Narrator:
A Democratic Party primary took place on July 19, 2022, in Maryland's 5th Congressional District to determine which Democratic candidate would run in the district's general election on November 8, 2022. Incumbent Steny Hoyer advanced from the Democratic primary for U.S. House Maryland District 5.

You sir, Mr Hogg, are a imbecile!!!

Posted by: BetaCuck4Lyfe at July 28, 2022 01:03 PM (MFZ8i)

392 McConnell can be a real F up. He goes along with Chip funding deal, and then Dems stab him in the back with Massive taxes.

The Gop Wash Generals

Posted by: Jonah at July 28, 2022 01:04 PM (gwrBY)

393 The press should just add the words "under a Republican" to the two-quarter standard definition.

A recession is defined by two consecutive quarters of economic contraction, under a Republican

Posted by: Christopher R Taylor at July 28, 2022 01:04 PM (Ivdso)

394 "Negative growth", isn't.

Posted by: gourmand du jour, geting hungry at July 28, 2022 01:04 PM (jTmQV)

395
Posted by: Sid at July 28, 2022 01:02 PM (j+KYT)

You make us laugh, you stupid cunt.

Posted by: Soothsayer's Untrue But Accurate Tales at July 28, 2022 01:04 PM (hWIGf)

396 "Rumble is better positioned to be an alternative paid subscription source with freebie teaser vids and that makes more sense as a corporation." Posted by: whig

thx, idk those details, but seems like a good concept. YouTube offers subscriptions for ad-free viewing. Seems like there would be a market for what you suggest, for those wanting to avoid the censorship (and the broader view, defeating the BigTech monopolies that are destroying our liberty)

Posted by: illiniwek at July 28, 2022 01:04 PM (Cus5s)

397 Wow. The shopper in the AP photo sure looks pitiful. Skinny, shriveled, stoop-shouldered, masked.
Posted by: Emmie at July 28, 2022 12:53 PM

As an acolyte of Journalist Katie, I haven't worked out in over a year.

Posted by: The Shopper in the AP Photo at July 28, 2022 01:04 PM (a3Q+t)

398 Our freak of a president is speaking lies. I had to turn it off because my head was going to explode.

Posted by: redridinghood at July 28, 2022 01:04 PM (NpAcC)

399 "Arkasas even has diamonds"

And Ouachita fine white whetstone. Or they used to; maybe all mined out now.

Posted by: Please Place The gp In The Bag at July 28, 2022 01:04 PM (qpX6U)

400 To be honest I think we've BEEN in a recession almost nonstop since the mortgage crash of '07-'09 -ish. They've just been papering over it since then.

So maybe the definition of "recession" *should* be changed but not in the way the Regime is doing.

We had a slight respite while Trump was president, but that's all.

Posted by: Hands at July 28, 2022 01:04 PM (786Ro)

401 May the odds be ever in your favor, b**ch.
Posted by: BourbonChicken

Here's some advice: Stay alive.

Posted by: Haymitch Abernathy at July 28, 2022 01:04 PM (ftFVW)

402 370 Bankruptcies will start to go thru the roof soon. Have friends who are very frugal in the past, but lost income during Covid and now with kids, who have racked up 25k in Credit Card debt. Biden sucks

Posted by: Jonah
--------------------
Already started in the auto market with repos.

Posted by: whig at July 28, 2022 01:05 PM (CXr4y)

403 I have changed the altered the meaning of the phrase "fact check".

Pray I don't alter it further.

Posted by: Darth Worder at July 28, 2022 01:05 PM (krQz2)

404 Can't shake pom-poms right now. Mmmmff mmmmfff, too busy, mmmmf mmmff, gobbling Biden's knob . . Mmmmfff mmmmff

Posted by: David 'French' at July 28, 2022 01:05 PM (rXie1)

405 lol I have to say - I was grumpy today and didn't think I had a belly laugh in me - then I saw "sid's" post

Posted by: BlackOrchid at July 28, 2022 01:05 PM (w0NJk)

406 One reason Jews have historically been oppressed, particularly before mass "literacy" is because we were literate. We could not be controlled in the same way that illiterate people could. What's going on is neo-illiteracy.

Posted by: SFGoth at July 28, 2022 01:05 PM (KAi1n)

407 As my brother told me once, you can ignore reality, but reality won't ignore you.

Posted by: Bitter Clinger at July 28, 2022 01:05 PM (g3ozd)

408 Had a conversation today with some folks about how today's youth are basically all-in on a "renter" culture. They do not want to own things because it means they are now responsible for those things.

Wonder how that is impacting the economic downturn when a significant portion of the population is only consuming (i.e., renting) all of their goods and services instead of owning them outright.
Posted by: "Perfessor" Squirrel at July 28, 2022 12:39 PM (YIVH2)

All those are factored into rent, so they will go ballistic when the next rent agreement goes up by 25 percent and smacks them in the face.

Similar for cost of phone, internet, streaming services, you name it.

Posted by: Oldcat at July 28, 2022 01:05 PM (eoQWY)

409 pi] I for one am relieved that BBB will cure what ails us. Thanks, Joes (Biden and Manchin)!
Posted by: Joe Mannix (Not a cop!) at July 28, 2022

***
How many divisions does the Better Business Bureau have?

Posted by: Wolfus Aurelius at July 28, 2022 01:05 PM (txdEq)

410 Seems to me that libs have REEEEE sessions two or three times a day.

Posted by: Bulgaroctonus at July 28, 2022 01:06 PM (iXjtm)

411 I for one am relieved that BBB will cure what ails us. Thanks, Joes (Biden and Manchin)!
Posted by: Joe Mannix (Not a cop!) at July 28, 2022 01:03 PM (WWh8n)
........

The Inflation Reduction Act of 2022 will save us all!

Posted by: wth at July 28, 2022 01:06 PM (v0R5T)

412 2.44% 3 mo T-Bill.

2.14% 1 mo.
=
Well, its certainly not illogical. I mean the stock market for example depending on what mutual fund you are in so far this year is down 10 to 20 percent. Hold a zero is a win. Over the course of say the prior three years you would have easily done better than the t bill rate. If you think the stock market isn't going to rally in the next 6 mos, then some tbills might be in order. If you think the US govt is going to default . . . don't go long on t bills. Go long on liquor.

Posted by: E.F. Mutton at July 28, 2022 01:06 PM (GZVkI)

413 Unexpectedly, my wallet and pantry are empty.

Posted by: RI Red at July 28, 2022 01:06 PM (xtg8y)

414 402. Saw that

Posted by: Jonah at July 28, 2022 01:06 PM (gwrBY)

415 "So maybe the definition of "recession" *should* be changed but not in the way the Regime is doing.

Posted by: Hands"

A recession is when Republicans have control of the govt.

Posted by: Ripley at July 28, 2022 01:06 PM (MxEKc)

416 Thought control

Posted by: Mark Andrew Edwards, Buy ammo, food, water at July 28, 2022 01:06 PM (V6f9+)

417 Hope the 90% of Corporations who backed Biden in 2020 are happy with massive tax raises soon. They also backed Manchin
Posted by: Jonah

Why would they care? They just pass the cost on to us plebs.

Posted by: She Hobbit at July 28, 2022 01:06 PM (ftFVW)

418 324 For one project I was one, we needed a hard glass, so we went with sapphire glass.

ah, yes, good old transparent aluminum

Posted by: kulak anachronda at July 28, 2022 01:06 PM (+Sw2N)

419 David Hogg ☮️
@davidhogg111
@LeaderHoyer get us the vote on an assault weapons ban or get your resume ready. I'll call up every single one of your donors and run far better candidates in your primary. You lied to these families. It is disgusting and wrong.
9:37 AM · Jul 28, 2022

You scare literally no one, pillow biter.

Posted by: Sponge - RIP Dave in Texas at July 28, 2022 01:06 PM (Zz0t1)

420 We had a slight respite while Trump was president, but that's all.

Yeah he gave us 3 years of growth and prosperity until freaking out over the Wuhan Flu. But its been pretty continuous economic disaster other than those three years since 2008.

Posted by: Christopher R Taylor at July 28, 2022 01:06 PM (Ivdso)

421 Brandon climbs 25% in one week in the Rasmussen tracker

from 36 to 45

a bunch of monkey poxed crack lappers

that's wut they are

Posted by: REDACTED at July 28, 2022 01:06 PM (us2H3)

422 YT seems to have more worth watching than Rumble does. YT got a big headstart accumulating content.

Posted by: Please Place The gp In The Bag at July 28, 2022 01:07 PM (qpX6U)

423 Arkasas even has diamonds

Their flag sure shows it. Are they the "Diamond State"? That doesn't sound right, but maybe it is.

Posted by: t-bird at July 28, 2022 01:07 PM (BxhCI)

424 And Ouachita fine white whetstone. Or they used to; maybe all mined out now.

Posted by: Please Place The gp In The Bag
-------------------
Nope. Still plenty of it but synthetic waterstones are making headway into that market.

I use India stones, Ouachita stones, and synthetics for gunsmithing depending on the application. The ones using oil are a bit messy compared to the waterstones but both will do the job.

Posted by: whig at July 28, 2022 01:07 PM (CXr4y)

425 408 Had a conversation today with some folks about how today's youth are basically all-in on a "renter" culture. They do not want to own things because it means they are now responsible for those things.

Wonder how that is impacting the economic downturn when a significant portion of the population is only consuming (i.e., renting) all of their goods and services instead of owning them outright.
Posted by: "Perfessor" Squirrel at July 28, 2022 12:39 PM (YIVH2)

All those are factored into rent, so they will go ballistic when the next rent agreement goes up by 25 percent and smacks them in the face.

Similar for cost of phone, internet, streaming services, you name it.
Posted by: Oldcat at July 28, 2022 01:05 PM (eoQWY)
_________________________

They are being brainwashed in matters of "ownership" just like they are being brainwashed in everything else. The Dumocraps do not want you to own anything. Owners have power and control, and that's the last thing Democraps want you to have.

Posted by: Elric Blade at July 28, 2022 01:07 PM (iFTx/)

426 374 Posted by: Sid at July 28, 2022 01:02 P

Someone has been huffing what Dementia Joe has been blowing out his backside.

Posted by: Scuba_Dude at July 28, 2022 01:07 PM (4q/mG)

427 Had a conversation today with some folks about how today's youth are basically all-in on a "renter" culture. They do not want to own things because it means they are now responsible for those things.

Posted by: "Perfessor" Squirrel at July 28, 2022 12:39 PM (YIVH2)
---
They'll probably be better about eating bugs as well.

Posted by: Axeman at July 28, 2022 01:07 PM (krQz2)

428 Recession propaganda won't be able to influence people once BBB starts to take hold. The final passage of President Biden's agenda signals America's resurgence, and YOUR worst nightmare.
Posted by: Sid at July 28, 2022 01:02 PM

OK...which one of you Morons is this?

Posted by: RedMindBlueState at July 28, 2022 01:08 PM (RkC6l)

429 Republicans for Biden need to be financially punished

Posted by: Jonah at July 28, 2022 01:08 PM (gwrBY)

430 So maybe the definition of "recession" *should* be changed but not in the way the Regime is doing.

Well nobody is arguing that the economy isn't more complex than estimates of growth or contraction. Its just blatantly obvious that the government is trying to avoid admitting they ran the economy into a brick wall and the press is going along like lapdogs.

Posted by: Christopher R Taylor at July 28, 2022 01:08 PM (Ivdso)

431 I think you have to add "fact checking" to the list of redefined words and concepts.

Posted by: From about that time at July 28, 2022 01:08 PM (4780s)

432 Their flag sure shows it. Are they the "Diamond State"? That doesn't sound right, but maybe it is.

Posted by: t-bird
--------------------
"Natural State", I think Diamond State was used once upon a time though and as you said, the flag reflects it.

Posted by: whig at July 28, 2022 01:08 PM (CXr4y)

433 @MayorBowser requests @DCNationalGuard activated indefinitely to help migrant busses arriving in DC. Calling it a "humanitarian crisis" that has reached a "tipping point" with 4,000 migrants so far. Requesting DC Armory be used as processing center. @nbcwashington
Posted by: redridinghood

May the odds be ever in your favor, b**ch.
Posted by: BourbonChicken at July 28, 2022 01:01 PM (44ww/)

First time I've heard "help" defined as "packing them on another bus out of town". The redefinitions keep on coming!

Posted by: Oldcat at July 28, 2022 01:08 PM (eoQWY)

434 They'll probably be better about eating bugs as well.

as long as they're coated in nacho cheese flavoring!

Posted by: BlackOrchid at July 28, 2022 01:08 PM (w0NJk)

435 This is not a recession situation. Stand down.

Posted by: Uvalde Economic Chief at July 28, 2022 01:08 PM (Q14hI)

436 The "news" of death of the Ministry of Truth was greatly exaggerated by the Ministry of Truth.

Posted by: ShainS -- Welcome to the boneyard, it gets worse here every day at July 28, 2022 01:08 PM (QbCrG)

437 393 The press should just add the words "under a Republican" to the two-quarter standard definition.

A recession is defined by two consecutive quarters of economic contraction, under a Republican

Posted by: Christopher R Taylor at July 28, 2022 01:04 PM (Ivdso)

Biden:" Best two out of three?"

Posted by: jim (in Kalifornia) at July 28, 2022 01:08 PM (ynpvh)

438 388 I think Sid likes gladiator movies and seeing grown men naked.
Posted by: whig at July 28, 2022 01:03 PM (CXr4y)

But what if you liked Gladiator and don't want to see grown men nakkid? *looks around sheepishly*

Posted by: Thrawn at July 28, 2022 01:08 PM (Rl7KJ)

439 yep

Posted by: Jonah at July 28, 2022 01:09 PM (gwrBY)

440 Brandon climbs 25% in one week in the Rasmussen tracker

LOL based on what, exactly? A 50 cent drop in the price of gas that went up 3 dollars?

Posted by: Christopher R Taylor at July 28, 2022 01:09 PM (Ivdso)

441 >>> 235 160 Generally recessions don't last too long. I may be the rare optimist here in thinking we'll probably be in positive growth by year-end and will have Obama era low growth years going forward, plus higher inflation.
Posted by: Red Turban Someguy - The Republic is already dead!

I'll take that action. I really don't think people understand how bad the winter will get, or why. But I know the score. Europe is going to have at least some major regime change, likely by Christmas.
Posted by: trev006 at July 28, 2022 12:43 PM (3IxOB)

Me too. I think anyone who expects the damage will be limited to economic pain is hopelessly naïve and/or severely misinformed. The asshoes driving this want things to be destroyed.

Posted by: Helena Handbasket at July 28, 2022 01:09 PM (llON8)

442 Had a conversation today with some folks about how today's youth are basically all-in on a "renter" culture. They do not want to own things because it means they are now responsible for those things.

Posted by: "Perfessor" Squirrel at July 28, 2022 12:39 PM (YIVH2)

They're going to make great future parents.

Posted by: sniffybigtoe at July 28, 2022 01:09 PM (Y5qcH)

443 378 399 Even now, you will hear of somebody literally tripping over a large karat rock in one of the parks dedicated to precious stone hunting.

Posted by: bill in arkansas, not gonna comply with nuttin, waiting for the 0300 knock on the door at July 28, 2022 01:09 PM (lz5hY)

444 406 One reason Jews have historically been oppressed, particularly before mass "literacy" is because we were literate. We could not be controlled in the same way that illiterate people could. What's going on is neo-illiteracy.
Posted by: SFGoth at July 28, 2022 01:05 PM (KAi1n)

Well here's a take you might find interesting. Y'know how the Varangian Guard was composed of foreigners to insure loyalty? Jews (and Chinese, Armenians in other countries) functioned as a sort of outsider civil servant. Main other competitors would be clergy and nobles. There's a lot of factional self-interest in getting rid of the Jewish councilors, while monarchs tended to employ them both for their literacy and not being the catspaw of a noble household or the church.

Posted by: Red Turban Someguy - The Republic is already dead! at July 28, 2022 01:09 PM (b2nrj)

445

I won't cum in my own mouth, my word as a Biden!

Shwoosh!

*Spits*

Woopsi!

Posted by: Joey Bidet, Crack SBD Pilot at July 28, 2022 01:09 PM (jNncL)

446 Huh, Drudge has a picture of Trump with a link to a January 6th commission article on top.

Remember when Drudge was fired from Fox News for showing a picture of an aborted baby? Money must sooth his soulless existence.

Note: I don't visit Drudge's page anymore. Today was just a special occasion and I had to see.

Posted by: BetaCuck4Lyfe at July 28, 2022 01:10 PM (MFZ8i)

447 Recession propaganda won't be able to influence people once BBB starts to take hold. The final passage of President Biden's agenda signals America's resurgence, and YOUR worst nightmare.
Posted by: Sid at July 28, 2022 01:02 PM (j+KYT)

Hey stupid. When the government spends massive amounts of money it just prints willy nilly, it's a BAD thing.

You are really really ignorant.

Stop swallowing your dad's jizz. It's rotting your brain.

Posted by: Sponge - RIP Dave in Texas at July 28, 2022 01:10 PM (Zz0t1)

448 Claim: The White House changed the definition of "recession"

Reality: The White House is just a building, and as an inanimate object it is unable to change the definition of words.

Verdict: Pants on fire!

Posted by: PolitiFact at July 28, 2022 01:10 PM (hjc7m)

449 Brandon climbs 25% in one week in the Rasmussen tracker

from 36 to 45
.......

HE KICKED COVID'S ASS

Posted by: wth at July 28, 2022 01:10 PM (v0R5T)

450 So, what they are saying is that "recession" does not have an objective definition, just a "when we say it is" one.

New + speak.

Posted by: Axeman at July 28, 2022 01:11 PM (krQz2)

451 BREAKING: DC @MayorBowser requests @DCNationalGuard activated indefinitely to help migrant busses arriving in DC. Calling it a "humanitarian crisis" that has reached a "tipping point" with 4,000 migrants so far. Requesting DC Armory be used as processing center. @nbcwashington

Like wind turbines…NIMBY

Posted by: 7man at July 28, 2022 01:11 PM (qwO6y)

452 There's an old saying along the lines of: "A recession is when some other guy loses HIS job; a depression is when you lose YOUR job."

The new saying is apparently, "A recession is whenever it might be blamed on a Republican; a depression is whenever a DEM loses an election."

Posted by: Match Checksout at July 28, 2022 01:11 PM (IK4m/)

453 While we're at it, Dad, can we ban:
Crackhead
"Impregnated an Arkansas stripper"
"totally unqualified to serve on the Board of Burisma"
"shtupped his dead brother's wife"
and "Hunter's laptop"?

Posted by: Hunter Biden at July 28, 2022 01:11 PM (FJYfm)

454 Hiring freezes now, layoffs around December. Folks don't know how much energy prices will be this winter. At this point, they are just uneasy. But I still have folks that yell at me if their internet is down an hour.

Posted by: Notsothoreau - move forward at July 28, 2022 01:11 PM (5HBd1)

455 >>> 407 As my brother told me once, you can ignore reality, but reality won't ignore you.
Posted by: Bitter Clinger at July 28, 2022 01:05 PM (g3ozd)

This will be entertaining when we reach the 'smiting' phase.

Posted by: Helena Handbasket at July 28, 2022 01:12 PM (llON8)

456 I know all this recession shit is important, and I get it. I guess I'm more shocked it took this long to tally the 2 straight quarters of negative growth, even with vast helpings of creative maths.
BUT...that VDH article from the morning report still makes me irate. What a heaping pile of garbage nonsense from a guy who should know better. It looks like he sent it to Lindsey Graham for proofreading. Just saying.....

Posted by: Skeptical Schnauzer at July 28, 2022 01:12 PM (h+7ej)

457 There is a general principle in politics that you want your underlings to be dependent on your favor as much as possible.

Posted by: Red Turban Someguy - The Republic is already dead! at July 28, 2022 01:12 PM (b2nrj)

458 434 They'll probably be better about eating bugs as well.

as long as they're coated in nacho cheese flavoring!
Posted by: BlackOrchid at July 28, 2022 01:08 PM (w0NJk)

Garlic butter silkworms, grasshoppers, and crickets are actually quite tasty...

Posted by: jim (in Kalifornia) at July 28, 2022 01:12 PM (ynpvh)

459 Had a conversation today with some folks about how today's youth are basically all-in on a "renter" culture. They do not want to own things because it means they are now responsible for those things.
Posted by: "Perfessor" Squirrel at July 28, 2022 12:39 PM (YIVH2)
++++
The upshot to that is increased mobility and reduced overhangs of shit you have to deal with. You always pay for all that anyway, but it's abstracted away and shows up as simply "rent" and is thus easier to move away from when needed, as well as making things easier to manage because you just call the landlord.

The downsides are in stability and accountability. It is unpredictable in terms of costs and if the landlord sucks, then things don't get done. For young people trying to figure out where to live, what to do for work, how to maximize potential, etc., that "rent and I can leave anytime" attitude makes some sense. For people with families, the stability is a great thing because your fixed housing costs are going to be lower than your rent would have been, all things being equal, 2-5 years down the road.

Posted by: Joe Mannix (Not a cop!) at July 28, 2022 01:12 PM (WWh8n)

460 "I don't visit Drudge's page anymore."

I give it a glance often. I figure he'll have the scoop when the nuke war starts, maybe a few seconds before the other aggregators do. Don't want to miss it.

Posted by: Please Place The gp In The Bag at July 28, 2022 01:12 PM (qpX6U)

461 Yeah he gave us 3 years of growth and prosperity until freaking out over the Wuhan Flu.

That about sums it up.

Posted by: Notorious BFD at July 28, 2022 01:12 PM (Xrfse)

462 Brandon climbs 25% in one week in the Rasmussen tracker

from 36 to 45
.......

HE KICKED COVID'S ASS
Posted by: wth

Yes we were all so relieved he recovered so quickly, I can tell you.

Posted by: She Hobbit (stiffly) at July 28, 2022 01:12 PM (ftFVW)

463 445
I won't cum in my own mouth, my word as a Biden!
Shwoosh!
*Spits*
Woopsi!
Posted by: Joey Bidet, Crack SBD Pilot at July 28, 2022 01:09 PM (jNncL)

Auto-fellation...

Posted by: jim (in Kalifornia) at July 28, 2022 01:13 PM (ynpvh)

464 They're going to make great future parents.

Generational Wealth will consist of Hulu passwords.

Posted by: Uvalde Economic Chief at July 28, 2022 01:13 PM (BxhCI)

465 BUT...that VDH article from the morning report still makes me irate. What a heaping pile of garbage nonsense from a guy who should know better. It looks like he sent it to Lindsey Graham for proofreading. Just saying.....
Posted by: Skeptical Schnauzer at July 28, 2022 01:12 PM (h+7ej)
---------
The cruelty must flow.

Posted by: Captain Obvious, Laird o' the Sea at July 28, 2022 01:13 PM (aaGzp)

466 Minimalism. That's what they preach. I do agree with buying less junk and living in a clutter free house. But paring your possessions down to 33 is just preparing for the camps.

Posted by: Notsothoreau - move forward at July 28, 2022 01:13 PM (5HBd1)

467 Looks like 3D printers will be banned now: https://bit.ly/3PN0tmT
Posted by: Blanco Basura - moronhorde.com - Email for morons. at July 28, 2022 01:03 PM (Bd6X

That gun looks clumsy to use. And hokey.

Posted by: Alberta Oil Peon at July 28, 2022 01:13 PM (wTaeB)

468 During funsession, I plan to learn guitar!

Posted by: Jimco Industries at July 28, 2022 01:13 PM (buTO7)

469 Just watched Tucker's Monday monologue attacking bid pharma on covid vaccines, alzheimers, opiods, anti-depressants. Absolutely brutal.

Posted by: Chuck Martel at July 28, 2022 01:14 PM (fs1hN)

470 Yeah, a "neo-illiteracy" is pretty much what Orwell was talking about.

Also Mike Judge.

Posted by: Axeman at July 28, 2022 01:14 PM (krQz2)

471 423 The Natural State. Had a few folks bitching and moaning about the state flag looking too much like the Confederate Battle Flag, what with the stars. Didn't go very far, and there has been no Confederate statue, like around a court house, torn down to my knowledge.

Posted by: bill in arkansas, not gonna comply with nuttin, waiting for the 0300 knock on the door at July 28, 2022 01:14 PM (lz5hY)

472 its actually good they are doing this because it just adds fuel to the fire that needs to burn. I'm all for it. Keep adding tinder baby, we're ready.

are you ready to start dragging people behind your car>? Are you looking forward to hanging you're local liars>? Are you excited about the opportunity that is coming soon to excercise your constitutional duty to soak the flag of liberty in a little blood as corrective action against a tyrannical government AND media AND big tech companies? Because i can't wait.

Posted by: joe fingerblaster at July 28, 2022 01:15 PM (xt3ow)

473 too busy to keep up with all this, but according to a piece from Newsweek, "The White House website did not change its definition of what a recession is, as it never had one to begin with."

Posted by: mallfly the Peach of Hoboken at July 28, 2022 01:15 PM (Ynyl9)

474 NOOD Kennedy

Posted by: jim (in Kalifornia) at July 28, 2022 01:15 PM (ynpvh)

475 Facebook et al are working on the edges of what would normally be called "fraud"

Posted by: SMOD at July 28, 2022 01:15 PM (RHGPo)

476 During funsession, I plan to learn guitar!

Posted by: Jimco Industries at July 28, 2022 01:13 PM (buTO7)

-------------------
"When you're down and troubled and need a helping hand..."

Posted by: Curly Shuffle at July 28, 2022 01:15 PM (TNyrE)

477
I would like to know whether to invest in Concentration Camps, Gulags, Cannibal food products, or ammo & vacant fields?
Posted by: BetaCuck4Lyfe at July 28, 2022 12:42 PM (MFZ8i)

Isabel Perón is about to assume the Presidency.

Posted by: Kindltot at July 28, 2022 01:15 PM (xhaym)

478 During funsession, I plan to learn guitar!
Posted by: Jimco Industries at July 28, 2022 01:13 PM (buTO7)
........

I want to become an influencer. Or a rapper.

Posted by: wth at July 28, 2022 01:16 PM (v0R5T)

479 The announcement of the Manchin buy-out the day before the announcement of 2nd QTR GDP is purely coincidental. The Junta is nothing but theater.

Posted by: Gref at July 28, 2022 01:16 PM (AMIL/)

480 "If you think the US govt is going to default . . . don't go long on t bills. Go long on liquor."

ha, yeah, vodka might be easier to trade than gold, if there is some calamity. But buying a lifetime supply now might make sense for those with investment money, and some space in their basement. But getting a couple pallets of hard liquor delivered might be difficult for those with real wealth. Some here might suggest buying more ammo. we're all preppers now. ha

Posted by: illiniwek at July 28, 2022 01:16 PM (Cus5s)

481 "that VDH article from the morning report still makes me irate"

'The Ukrainian Verdun?' That one?

Posted by: Please Place The gp In The Bag at July 28, 2022 01:16 PM (qpX6U)

482 Brian Deese has the most punchable face I have seen in quite a while.

Posted by: quantum mechanic at July 28, 2022 01:17 PM (vcv8B)

483 Overpaid citizen spokesperson,
since you can't define recession,
what is Depression?

Posted by: blindbutch at July 28, 2022 01:17 PM (gE1E/)

484 446 Huh, Drudge has a picture of Trump with a link to a January 6th commission article on top.

Remember when Drudge was fired from Fox News for showing a picture of an aborted baby? Money must sooth his soulless existence.

Note: I don't visit Drudge's page anymore. Today was just a special occasion and I had to see.

Posted by: BetaCuck4Lyfe
-------------------------------
Drudge was bought out prior to 2020 because his advert team is now run by shady former Googul people. Name is on the banner but that is about it from all accounts. JJ is a better aggregator and there are others today.

Posted by: whig at July 28, 2022 01:17 PM (CXr4y)

485 When the SEC comes along and bets Mark Zuckerigger's balls with baseball bats, they will know this is fraud.

Posted by: SMOD at July 28, 2022 01:19 PM (RHGPo)

486 Yeah he gave us 3 years of growth and prosperity until freaking out over the Wuhan Flu.

That about sums it up.
Posted by: Notorious BFD

Yeah, Trump got played. I will crawl through a sea of thumbtacks to vote for him in 2024 if its required, but man he played a lot of things wrong and trusted certain people way too much. There may have been good reasons behind it, I admit. But it still bothers me. I hope he's got a better sense of his task and has the right people around him.

Posted by: Skeptical Schnauzer at July 28, 2022 01:19 PM (h+7ej)

487 A recession is defined by two consecutive quarters of economic contraction, under a Republican

Posted by: Christopher R Taylor at July 28, 2022 01:04 PM (Ivdso)

Don't need two quarters for a Republican recession, even one will do!

Democrats will now get two, maybe three grace quarters going forward.

Posted by: Sjg at July 28, 2022 01:19 PM (gDSJf)

488 Funny, in 2020, they declared a recession with not even one quarter of negative growth.

I wonder what the difference was?

Posted by: Thomas Paine at July 28, 2022 01:20 PM (lTGtQ)

489 It's not a recession recession.

Posted by: ... at July 28, 2022 01:20 PM (yOjJe)

490 483 Overpaid citizen spokesperson,
since you can't define recession,
what is Depression?
------------------
Depression is wanting to cut your dick off but instead you shoot up a schoolhouse.

Posted by: Puddinhead at July 28, 2022 01:21 PM (bGkHK)

491 I tried preparing them many different ways, but FYI, there's no way to make Stink Bugs or Cadaver Flies taste good. Scratch them off the list.

Posted by: Goodbury and Graves, Ltd. at July 28, 2022 01:22 PM (PIlQh)

492 "that VDH article from the morning report still makes me irate"

'The Ukrainian Verdun?' That one?
Posted by: Please Place The gp In The Bag

Bingo

Posted by: Skeptical Schnauzer at July 28, 2022 01:23 PM (h+7ej)

493 The definition of recession varies based on how near Democrats are to an election.

Posted by: Puddinhead at July 28, 2022 01:23 PM (bGkHK)

494
The final passage of President Biden's agenda signals America's resurgence, and YOUR worst nightmare.

My worst nightmare is Utopia?

Posted by: Bertram Cabot, Jr. at July 28, 2022 01:24 PM (63Dwl)

495 472 glows.

Posted by: Mr Aspirin Factory at July 28, 2022 01:24 PM (89T5c)

496 Russian state TV rages at DOJ
They say DOJ is trying to put "our" Trump in jail

Posted by: Paul at July 28, 2022 01:25 PM (6Zhup)

497 Recessions come about due to misallocation of capital, usually overallocation to a particular sector. Today we can see that in tech, and more dubiously housing(unclear whether there is really an overallocation). The people who make up the economy will get things sorted on their own, it doesn't require a special act by the government, though the Biden administration is doing what it can to get in the way.
[ . . . ]
Posted by: Red Turban Someguy - The Republic is already dead! at July 28, 2022 12:49 PM (b2nrj)

IIRC, recessions are caused by government printing (or setting interest rates below the cost of money) screwing up the balance between borrowing for long term projects versus short term borrowing and savings attracted by higher interest rates on savings.

That the economy has gone sour under near zero interest rates, and went sour before the rates went up yesterday, means there are serious structural problems in the economy that will have to be liquidated out.

Since Biden's Junta are all behind Krugman's fear of liquidity traps they will do everything to keep their allies and relations afloat, and this will wind up putting us firmly into a depression.

Posted by: Kindltot at July 28, 2022 01:26 PM (xhaym)

498 Posted by: Skeptical Schnauzer at July 28, 2022 01:19 PM (h+7ej)

It's worth keeping in mind that in early 2020 the "experts" in government and research hospitals were going around telling everyone that 5% of the population was going to die outright and the rest would be permanently scarred to the point where they wouldn't even be qualified to serve in the military.

It wasn't just certain people, every agency in the government was telling the President that this was a near doomsday scenario that required drastic action.

Posted by: Sjg at July 28, 2022 01:26 PM (gDSJf)

499 Man, is Wall Street in the bag or not. As soon as their 'ralley' begins the wilt the market makers punch the price to keep the inevitable from happening. They did the samething last week until the Saudis told meat puppet to go fuck himself, diplomatically speaking.

Posted by: Puddinhead at July 28, 2022 01:27 PM (bGkHK)

500 Sorry, government imbeciles, but you cannot change reality to fit your narrative, and you cannot prevent anyone from pointing out reality, no matter how many deep tech oligarchs you have trying to censor speech.
Posted by: Thomas Paine at July 28, 2022 12:53 PM (lTGtQ)

No, no. If everyone buys in we can change objective reality.

Posted by: Kindltot at July 28, 2022 01:30 PM (xhaym)

501 Declining real spending in the physical economy, declining investment, declining inventories and reduced construction and fixed asset investment while inflation continues and the average joe's credit cards are nearly maxed out isn't exactly a rosy "things are better than the top-line GDP print indicates" story.

Posted by: Joe Mannix (Not a cop!) at July 28, 2022 12:28 PM

That summary looks very rosy to us! "You will own nothing" plan is right on schedule. Now people just need to get on board the "and you will be happy" train.

Posted by: WEF Elites at July 28, 2022 01:44 PM (Do5/p)

502 "Two quarters of negative growth" is a generally accepted rule of thumb for the start of a recession, and has been so for many years, but a rule of thumb isn't a definition.

Biden, his team, Facebook and the sympathetic press are falling back on "legalese" to censor folks who are referring to a rule of thumb as a definition.

We just need to make sure that when we post about the Bided administration using this definition, that we're saying that they're now trying to sidestep or memory-hole the long-accepted "two quarters of negative growth" rule of thumb.

Posted by: Reno_Dave at July 28, 2022 01:52 PM (hdtXg)

503 No, no. If everyone buys in we can change objective reality.
==
The community based reality, culture, is essentially diabolical. Everyone is forced to live the lie. No one can be allowed to escape.

That is the culture in power now. At least controlling our institutions. You will be made to sing the song the way it is written. Because your lack of belief is ultimately the PROBLEM not our incomptence. See Jimmy Carter A crisis of Confidence Speech. It's fundamentally an inversion of Christian faith - same as communism - you must believe in the Government. Your doubts are holding us back.

Posted by: Its going to get a LOT worse. at July 28, 2022 02:01 PM (Z9o7R)

504 Now people just need to get on board the "and you will be happy" train.
==
Demolition man was meant to be a joke people. A joke.

Posted by: Its going to get a LOT worse. at July 28, 2022 02:03 PM (Z9o7R)

505 Facebook has reported its first-ever revenue miss and continued poor earnings, with forecasts expecting a second straight quarter of declining sales. The social media Masters of the Universe missed analysts’ estimates for both revenue and earnings.

It's a Zuckercession.

Posted by: SMOD at July 28, 2022 02:54 PM (RHGPo)

506 Dozens of former Republican and Democrat officials have teamed up with Andrew Yang to join a third party, the Forward Party, which will launch on Thursday, according to a Reuters report.

The Forward Party announcement comes nearly one year after Yang announced his departure from the Democrat Party to develop a third party. Yang rose to prominence with his failed 2020 presidential run as a Democrat, where he promoted Universal Basic Income.

The Forward Party will be co-chaired by Yang and former Republican New Jersey Governor Christine Todd Whitman.

Posted by: SMOD at July 28, 2022 02:59 PM (RHGPo)

507 Just to reiterate:

It is only a Recession if it is from the Recession region of France, otherwise, it is just sparking misery.

Posted by: Lee+Also at July 28, 2022 02:59 PM (YPgjG)

508 I am making a real GOOD MONEY (80$ to 92$ / hr. )online from my laptop. Last month I GOT a check of nearly 21,000$, this online work is simple and straightforward, I don't have to go to the OFFICE, Its home online job. At that point this work opportunity is for you. If you are interested. Simply give it a shot on the accompanying site.... http://www.salarycash1.com

Posted by: Sarah at July 28, 2022 03:06 PM (MxZdd)

509 Last week they banned the word "Groomer" because too many kids were escaping. This week, you can't say the Regime changed the definition of "Recession". In fairness, maybe they just changed "20% Inflation" to mean "10% Inflation".

Remember: it's not true until Big Tech bans it!

Posted by: The Gipper Lives at July 28, 2022 04:10 PM (Ndje9)

510 The chocolate ration has been increased from 30 grams to 20.

Posted by: Scott at July 28, 2022 05:10 PM (kmvkg)

511 Deleat Facebook

Posted by: Tamaa the Drongo Bird at July 28, 2022 06:14 PM (wGqjj)

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GDP Contracts by 0.9%, The Second Quarter in a Row, as America Enters a FuncessionLEFTWING MONOPOLY FACEBOOK BEGINS CENSORING STATEMENTS THAT BIDEN HAS CHANGED THE DEFINITION OF A RECESSION

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GDP Contracts by 0.9%, The Second Quarter in a Row, as America Enters a Funcession
LEFTWING MONOPOLY FACEBOOK BEGINS CENSORING STATEMENTS THAT BIDEN HAS CHANGED THE DEFINITION OF A RECESSION