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Nov 28 2022 02:49pm
I have been saying for the entire year of 2022 that we are living in a Recession.
However most people refuse to acknowledge this.

#1,.. Money in your pocket. Inflation. YOU don't realize things are as bad as they are because you have money in your pocket.

#2 Black Friday / Cyber Monday / Thanks Giving / Prognostication of Christmas.



Black Friday, There is no massive spike in spending. It's so bad that it even plateaued. People are trying to keep money in their pocket.
Cyber Monday,. a net LOSS, people aren't spending.

Thanks giving,. Turkey price up due to culling of birds. More expensive than ever.

Christmas will be cheap and tight. There is no hope for it saving the economy for Q1 of 2023.

----------
So,.. Are you ready to wake up?
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Nov 28 2022 03:00pm
If only there was some standard recognized definition of recession with meaningful analytics to determine if we were in a recession or not. Oh well, no such system, or definition exists.
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Nov 28 2022 03:56pm
Well duh, whose spending on my stuff
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Nov 28 2022 04:13pm
Quote (Mondain @ 28 Nov 2022 15:49)
So,.. Are you ready to wake up?


The price of stocks in the stock market only indicates the value at which shares of companies are being traded at.

People on both sides of the political isle will point to the stock market to try to validate their economic talking points, but in reality the stock markets are only possible indicators of economic up or down turns and do not determine whether or not an economy is growing.

In the US, the stock market is basically rigged to trend upwards due to the federal reserve's policy and if you zoom out on a DJIA chart that should be obvious.

Edit: Also your talking point of a slow black Friday is wrong and online sales broke another record: https://www.adweek.com/commerce/black-friday-bounces-back-with-record-breaking-online-sales/

This post was edited by mki on Nov 28 2022 04:16pm
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Nov 28 2022 04:21pm
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Nov 28 2022 04:53pm
Quote (mki @ Nov 28 2022 04:13pm)
The price of stocks in the stock market only indicates the value at which shares of companies are being traded at.

People on both sides of the political isle will point to the stock market to try to validate their economic talking points, but in reality the stock markets are only possible indicators of economic up or down turns and do not determine whether or not an economy is growing.

In the US, the stock market is basically rigged to trend upwards due to the federal reserve's policy and if you zoom out on a DJIA chart that should be obvious.

Edit: Also your talking point of a slow black Friday is wrong and online sales broke another record: https://www.adweek.com/commerce/black-friday-bounces-back-with-record-breaking-online-sales/


nono when i check out at target it makes the dow go up .00003
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Nov 28 2022 04:57pm
Quote (Mondain @ Nov 28 2022 12:49pm)
I have been saying for the entire year of 2022 that we are living in a Recession.
However most people refuse to acknowledge this.

#1,.. Money in your pocket. Inflation. YOU don't realize things are as bad as they are because you have money in your pocket.

#2 Black Friday / Cyber Monday / Thanks Giving / Prognostication of Christmas.

https://i.imgur.com/5R2ZfqI.png

Black Friday, There is no massive spike in spending. It's so bad that it even plateaued. People are trying to keep money in their pocket.
Cyber Monday,. a net LOSS, people aren't spending.

Thanks giving,. Turkey price up due to culling of birds. More expensive than ever.

Christmas will be cheap and tight. There is no hope for it saving the economy for Q1 of 2023.

----------
So,.. Are you ready to wake up?


When was the last recession where people had to screech and scream about it ACKSHULLY being a recession?

Seems kind of like, you know it when you see it type of things. If you are spending this much time trying to tell us we're in one, we probably aren't.
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Nov 28 2022 05:06pm
Quote (Sioux @ Nov 28 2022 04:57pm)
When was the last recession where people had to screech and scream about it ACKSHULLY being a recession?

Seems kind of like, you know it when you see it type of things. If you are spending this much time trying to tell us we're in one, we probably aren't.



It is because the federal government changed the definition of recession to say we weren’t in one.


You know this.



You know you are being disingenuous.





None of you can have an honest conversation about anything because the people you like make you look so bad.





You know exactly why this is a conversation.

This post was edited by YeeHaw on Nov 28 2022 05:07pm
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Nov 28 2022 05:07pm
sleepy joe and his boys have just changed the definition of a recession

so we are not in a recession, simple B)
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Nov 28 2022 05:09pm
Quote (JohnnyMcCoy @ Nov 28 2022 05:07pm)
sleepy joe and his boys have just changed the definition of a recession

so we are not in a recession, simple B)



Waiting for to come back with a study showing a recession is actually………
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