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Word is that 2nd quarter GDP is negative 1.5


Word is that 2nd quarter GDP is negative 1.5  

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Author: TheCrow   Date: 7/18/2022 2:04:28 PM  +3/-0   Show Orig. Msg (this window) Or  In New Window

When the rain fall, it's not just because the cloud's shadow is there.


The rain was water vapor in the atmosphere.


Eventually rising above the condensation level, which formed the cloud of visible liquid water.


At some point in that process, the suspended liquid water forms droplets, then drops and falls as rain.


That is a process that takes hours, even thouogh the rain cloud may only be minutes.


The economy is very like weather- hot and cold; dry and wet; moving or stationary- but always affected by long term influences.


You don't create the economic infrastructure instantly.


You don't create the useful working population instantly, either.


As predicted for years, the recession has come and it will be short. Not because Biden is POTUS and not because Trump was POTUS although each changed the scenarion affecting it- the recession is here/coming because we haven't mastered the economic cycle yet. 


Certainly not the world economic cycle, which is working around the globe. Biden didn't do this. But The Donald did initiate the Trump Covid Recession directly. The sharpest economic contraction since the Great Depression and the highest unemployment rate ever!


Talk about economic ignorance! Well, no- not ignorance. Trump DGAF about the novel coronavirus, the economic effect and/or the impending death toll. Not until he realised it was an election year and a million dead Americans, a recession would make him 'look bad'.


 
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Word is that 2nd quarter GDP is negative 1.5 +2/-2 Old Guy 7/18/2022 11:29:40 AM