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Economy crash =/= stock market crash?

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  • Type_45
    Type_45 Posts: 1,723 Forumite
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    adindas said:
    Important News this week:
    Earning Season of mega caps companies to be reported, US-GDP to be reported that will decide whether the US economy will be official in recession, announcement of how many basis point of the interest hike in the US.



    Have you not heard the definition of recession has been changed?
  • adindas
    adindas Posts: 6,856 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Type_45 said:
    adindas said:
    Important News this week:
    Earning Season of mega caps companies to be reported, US-GDP to be reported that will decide whether the US economy will be official in recession, announcement of how many basis point of the interest hike in the US.



    Have you not heard the definition of recession has been changed?

    That political definition was already known since Middle of June 2022. Which president / government want to be remembered as the party who takes the Country into recession ??
  • Type_45
    Type_45 Posts: 1,723 Forumite
    1,000 Posts Fifth Anniversary Name Dropper Combo Breaker
    adindas said:
    Type_45 said:
    adindas said:
    Important News this week:
    Earning Season of mega caps companies to be reported, US-GDP to be reported that will decide whether the US economy will be official in recession, announcement of how many basis point of the interest hike in the US.



    Have you not heard the definition of recession has been changed?

    That political definition was already known since Middle of June 2022. Which president / government want to be remembered as the party who takes the Country into recession ??
    A recession is two consecutive quarters of negative growth. That has been the definition of recession for decades.





  • Swipe
    Swipe Posts: 5,621 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Type_45 said:
    adindas said:
    Type_45 said:
    adindas said:
    Important News this week:
    Earning Season of mega caps companies to be reported, US-GDP to be reported that will decide whether the US economy will be official in recession, announcement of how many basis point of the interest hike in the US.



    Have you not heard the definition of recession has been changed?

    That political definition was already known since Middle of June 2022. Which president / government want to be remembered as the party who takes the Country into recession ??
    A recession is two consecutive quarters of negative growth. That has been the definition of recession for decades.





    That's a technical recession
  • InvesterJones
    InvesterJones Posts: 1,217 Forumite
    1,000 Posts Third Anniversary Name Dropper
    edited 26 July 2022 at 9:21AM
    Type_45 said:
    adindas said:

    That political definition was already known since Middle of June 2022. Which president / government want to be remembered as the party who takes the Country into recession ??
    A recession is two consecutive quarters of negative growth. That has been the definition of recession for decades.

    Ah, I thought there was someone here who said the US was already in recession, they must have been using a different definition I guess.

    edit, oh yes, it was you:

    Type_45 said:
    masonic said:
    Type_45 said:
    The 2y/10y Treasury yield confirms that not only is the US probably already in a recession, but that it will be a very deep recession.
    That's interesting, could you explain the reasoning behind this please, especially the 'very deep' part?
    The US is already in a recession, it just hasn't been officially anointed yet.


  • Type_45
    Type_45 Posts: 1,723 Forumite
    1,000 Posts Fifth Anniversary Name Dropper Combo Breaker
    Type_45 said:
    adindas said:

    That political definition was already known since Middle of June 2022. Which president / government want to be remembered as the party who takes the Country into recession ??
    A recession is two consecutive quarters of negative growth. That has been the definition of recession for decades.

    Ah, I thought there was someone here who said the US was already in recession, they must have been using a different definition I guess.

    edit, oh yes, it was you:

    Type_45 said:
    masonic said:
    Type_45 said:
    The 2y/10y Treasury yield confirms that not only is the US probably already in a recession, but that it will be a very deep recession.
    That's interesting, could you explain the reasoning behind this please, especially the 'very deep' part?
    The US is already in a recession, it just hasn't been officially anointed yet.


    Yes that is correct. The numbers aren't out yet for Q2, hence what I said. 


  • Type_45
    Type_45 Posts: 1,723 Forumite
    1,000 Posts Fifth Anniversary Name Dropper Combo Breaker
    Swipe said:
    Type_45 said:
    adindas said:
    Type_45 said:
    adindas said:
    Important News this week:
    Earning Season of mega caps companies to be reported, US-GDP to be reported that will decide whether the US economy will be official in recession, announcement of how many basis point of the interest hike in the US.



    Have you not heard the definition of recession has been changed?

    That political definition was already known since Middle of June 2022. Which president / government want to be remembered as the party who takes the Country into recession ??
    A recession is two consecutive quarters of negative growth. That has been the definition of recession for decades.





    That's a technical recession

    The Biden regime begs to differ.
  • InvesterJones
    InvesterJones Posts: 1,217 Forumite
    1,000 Posts Third Anniversary Name Dropper
    Type_45 said:
    Type_45 said:
    adindas said:

    That political definition was already known since Middle of June 2022. Which president / government want to be remembered as the party who takes the Country into recession ??
    A recession is two consecutive quarters of negative growth. That has been the definition of recession for decades.

    Ah, I thought there was someone here who said the US was already in recession, they must have been using a different definition I guess.

    edit, oh yes, it was you:

    Type_45 said:
    masonic said:
    Type_45 said:
    The 2y/10y Treasury yield confirms that not only is the US probably already in a recession, but that it will be a very deep recession.
    That's interesting, could you explain the reasoning behind this please, especially the 'very deep' part?
    The US is already in a recession, it just hasn't been officially anointed yet.


    Yes that is correct. The numbers aren't out yet for Q2, hence what I said. 



    So from the definition, it can't be in recession already. The earliest it can be is when the numbers come out.
  • Swipe
    Swipe Posts: 5,621 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Type_45 said:
    Swipe said:
    Type_45 said:
    adindas said:
    Type_45 said:
    adindas said:
    Important News this week:
    Earning Season of mega caps companies to be reported, US-GDP to be reported that will decide whether the US economy will be official in recession, announcement of how many basis point of the interest hike in the US.



    Have you not heard the definition of recession has been changed?

    That political definition was already known since Middle of June 2022. Which president / government want to be remembered as the party who takes the Country into recession ??
    A recession is two consecutive quarters of negative growth. That has been the definition of recession for decades.





    That's a technical recession

    The Biden regime begs to differ.
    I don't think you understand what a technical recession is
  • Type_45
    Type_45 Posts: 1,723 Forumite
    1,000 Posts Fifth Anniversary Name Dropper Combo Breaker
    Swipe said:
    Type_45 said:
    Swipe said:
    Type_45 said:
    adindas said:
    Type_45 said:
    adindas said:
    Important News this week:
    Earning Season of mega caps companies to be reported, US-GDP to be reported that will decide whether the US economy will be official in recession, announcement of how many basis point of the interest hike in the US.



    Have you not heard the definition of recession has been changed?

    That political definition was already known since Middle of June 2022. Which president / government want to be remembered as the party who takes the Country into recession ??
    A recession is two consecutive quarters of negative growth. That has been the definition of recession for decades.





    That's a technical recession

    The Biden regime begs to differ.
    I don't think you understand what a technical recession is

    You should Tweet that, word for word, to the White House.
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