We can see no political scenario where the Bureau of Economic Analysis (BEA) will report a negative second quarter GDP number, despite the reality of a contracted economy.
A negative second quarter GDP would mean the Joe Biden economic policies have resulted in a recession. Yes, the economy is contracting; and yes, the economy is in an actual recession. However, it would be too politically damaging for the federal bureaucrats to quantify it accurately.
That being said, the Atlanta Fed is now calculating a negative 1% second quarter GDP result [DATA HERE]:
(Fed Reserve) – The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is -1.0 percent on June 30, down from 0.3 percent on June 27. After recent releases from the US Bureau of Economic Analysis and the US Census Bureau, the nowcasts of second-quarter real personal consumption expenditures growth and real gross private domestic investment growth decreased from 2.7 percent and -8.1 percent, respectively, to 1.7 percent and -13.2 percent, respectively. (link)
CTH predicts the BEA is likely to generate a statistical report somewhere in the +0.5% range. Just enough positive GDP to avoid the literal definition of a recession. The BEA report will be issued at the end of July and if they follow recent patterns, they will likely underestimate the inflation rate as well as under-calculate the import data.
Steering this entire country into a ditch. Do what you can to fool the public, hit the accelerator.
When I look at the number of failures under this regime and the velocity of said failures, it reminds me of my experiences in Silicon Valley with developers there who proudly recited their motto “fail fast, fail forward“. And fail most of them did, time and time again. Same mentality with our government and the globalists in general right now.
In other words, I agree with you.
My grandmother on my mother’s side is from Finland. The road leading to their village was a few miles to the main road made of gravel which led to the almost mile long dirt road with a few houses, with hers being at the end. So they mostly maintained their own road since they were farmers and the gravel road was maintained by the state…which of course got rutted with the winters. Anyway she always drove insanely fast on this road and by the time you got to the main road your teeth were practically knocked loose. One day we asked her why and she claimed it is better to go fast because it is the same number of bumps, besides you may even skip a few the faster you go so get to the good road as fast as possible.
And that is why I wish the government would just hurry up and fail…then we can get to the good road faster. Thanks mor mor for the life lesson.
Just like under b h o
You can come out with any BS story you want to, but the people who buy groceries, gas and pay rent know exactly what is going on. They don’t need reports or graphs to tell them why they have no money left.
Yeah but our national policy is, and has for the last 15 years been driven by non-working and never-have-worked literal little baby brat college aged citizens( hell, and non citizens). Our 16-26 year old demographic literally drives every single thing this laughable excuse for a nation does. I emphasize that this age group is the least qualified and least educated and most ignorant group we have, yet their opinions are the only opinions that seem to matter and the only ones that drive law, regulations, and policy.
It is a bad, bad joke.n I have grown to despise young-adult people and I’m not even that old myself (40).
Sadly, I have to agree. With a few notable exceptions, almost every millennial I have personally met and conversed with has impressed me with not having the basic knowledge necessary to navigate todays complex life challenges. But they are 110% confident in their superior knowledge and capabilities. I just (mentally) shake my head.
Who taught those young people this crap? Our age group did, and we continue to shrug it off like it’s an election issue.
Greg: Don’t look at me! No kids.
Don’t!! Just don’t! The Communist Democrat school system indoctrinated these youthful idiots!
OMG, go try to work with those children out in the valley (in Cali), there isn’t an adult in the house.
I was talking with a young man at church last night – I think he’s 29? We were discussing the evils of the world today and trying to come up with ways to deal with them in a Biblically sound manner. He commented that one of the biggest “evils” that he sees is the absolute lack of any kind of work ethic today. He works 5-6 days a week (12 hour days) as a high end airplane mechanic and he has supported himself fully since he was 16 years old. He has been all over the world and doesn’t like to ask anyone for any help but he said that he feels like a total outlier among his generation…
If we had fair and honest open elections.
First, this wouldn’t have happened.
Second, they would be gone this November!
Starts with media to make people believe things which aren’t true.
The number one reason our country is in this mess is because of the media. If they were honest no one would even be trying to get away with this extreme amount of criminality. Can you just imagine what the media would sound like today if a Republican administration were fudging these numbers and lying about it.
Actually, I beg to disagree.
A true ‘opposition’ party would ( particularly when in the majority in both Houses, AND with the WH) have held the feet of the FCC to the fire, insisting they enforce legislation ON THE BOOKS, to limit media ownership.
Instead, as 5-6 media conglomerates bought up newspapers and tv stationd, they just increased the #’s they could own.
Likewise, with a majority interested in MAGA, they could have rescinded the ruling giving i-net providers immunity from suits WHILE allowing them to control (censor) content.
FIRST we f*ck the RINOS,…THEN we can f*ck msm, big tech, teachers unions, etc.
WITHOUT F*cking the RINOS, we just sit with our d*ck in our hands, frustrated and p.o.’d.
Dutchman, are you in the formally great state of PA?
It’s both!
Dutch! Good to hear from you. I haven’t been interacting a lot lately, but glad to see you are still here. A little testier, I see, but I also agree it is warranted.
Maybe, they say can’t fix stupid.
It appears that significant proportion of folks are stupid.
Stupid people do stupid things..our “ betters” may be in for a surprise.
The majority of folks I chat with here in our British Columbian community are virulently anti Trudeau, and prefer Putin to Trudeau.
My money is on Putin for the win..what President Trump supporter or Jan 6 detainee would fight for Obama/ Biden.
You would come back from overseas and find illegals on food stamps in your home.
Same here in Canada..
Our betters are living in a bubble..
Family,Friends and genuine CTH supporters that is all that matters.
Think prudent reserve..
Cheers!
Biden said on TV, several times, that he was going to shut down ALL petroleum and coal producing and consuming entities! They mandate everybody take a set of shots containing an experimental DNA altering concoction! They encouraged anyone in the world to come into America thru any means possible and Biden would not stop them nor insist they had gotten a “shot”. Many of America’s billionaire monopolists are supporting and cheering on WEF Davos speakers who wish to begin a massive depopulation.
WHAT SATANIC POWER MAKES PEOPLE SUPPORT THEIR OWN MISERY AND MURDER?
Acting in a way, objectively not in ones own best interests.
Acting in a way that is foreseeably harmful to others, and displaying no regret, or even awareness of the harm.
Open displays of bizarre behavior. Open displays of sexually deviant behavior.
Speaking nonsense.
Claiming demonstrable untrue things; “I am the Queen of England!”,..”Napolean”,..”a Woman!” (when obviously a man).
Displaying anger, rage or crying, whenever challenged.
Displaying a lack of contact with reality.
In ancient times, signs of demonic possesion, in current times, of insanity.
Until quite recently.
Any sexual behavior that damaged body tissue or spread disease was recognized as deviant by the American Psychiatric Society just 30 years ago. We are living in a world gone mad.
Humanity is a living breathing deal with the devil. We refuse correction and deny truth even as we gnaw at our own limbs in confused despair. FORGET western values. The nation is a rotting pile of falsehood and idolatry. It’s DEAD and headed for the shredder. Be prepared in your soul, because your body is doomed.
Actually it starts with parents who fail to take responsibility for teaching their children to think critically.
Remember growing up hearing, “If everyone jumped off a cliff would you jump off a cliff?” Or “Sticks and stones will break my bones but words will never hurt me!”
There was accountability in the two parent families post WWII.
I fully expect that the Dems keep the house and break the filibuster in the Senate with pick ups just like that errant ABC news tweet said, word for word.
I’m done ignoring the signs. That tweet was the tell.
Id love to be wrong, and hope you all get to rub it in my face.
We will!! Be ready!!
I’m afraid “fair”, “honest”, and “open” are words that no longer apply to our elections in the United States.
You have too much faith in Kevin and Mitch.
A fair and open media would never have allowed the stealers to get away with it.
SD is completely on target again.
Per Biden US economy is doing well
S&P down 21.22% the worst start to a year since 1962
Nasdaq Composite is down 30% the worst start to a year ever
US Treasuries worst first half of a year ever…
The credit side of the bond market shows HYG suffering its worst H1 losses ever…
Crypto has worst start to a year ever
Commodities, broadly speaking, were up 18% in the first half of 2022 (but they were up 22% in the first half of 2021 – which is weird because pretty sure that Putin didn’t invade Ukraine in 2021).
Oil up 40%
Dollar up 10% its biggest start to a year ever
Hat tip Zero Hedge
Falling retail sales , falling manufacturing and services, stagnant wages, mortgage rates up 87%, food up 59%, commodities up 63%, gas up 80%, rents up 17%, housing up 20%+, bank accounts are where the dollar goes to die.
The cruelty of %’s. It takes a 43% gain to get back to zero after a 30% loss. Ouch.
If the Demented Fraud wasn’t lying, his lips wouldn’t be moving. If the actual cost living was applied to SSI at year end, all those on SSI would be getting about 150% increase
With reality being what it is, and the gullibility of the public being what it is, I’m a little surprised that they haven’t found a way to completely falsify the continuing bad news. I suppose they’re still working on the details.
Here’s how….” Buying is way up, grocery sales dollar volumes are booming! People are spending way up on gas and diesel. Travel must be booming!” Happy times 🎼
But but but….We know better!!
Uh, they’ve been doing it for ever Dem admin!
They can put out a report that the chocolate ration has been increased from 25% to 20%.
The second economy is lethal to the first economy.
We all know how globalist investors have used their investment power (using other peoples’ money!) to force companies to “go woke.” But we are also learning that those same influences appear to be driving the supply chain issues as well.
You are watching financial engineers crash the train.
You will become poorer during the crash.
And then these same engineers will ask you to pay for their failures.
We can still destroy them if we have the will. Canada gave us a tip. Some rebellious truckers provided the scenario that impelled that tip.
At some point they’ll send their soldiers and then I’ll really start smiling. Being ahead of the curve can have its mortality costs but that’s how life goes sometimes.
If people can’t figure it out, well OK. Die in ignorance.
If you did a man on the street Q&A and asked the first thousand people you met “Does the government and the politicians lie to the people?” Probably 95% would answer YES! We’ve come to accept these lies as a matter of course so this forthcoming economic report will fall on those same accepting ears. The old saw “you can EXpect what you INspect” holds true as is witnessed by the condition of our nation. We the people just don’t pay attention as a whole. The responsibility of our citizenship is lost on the majority, and hence here we are. We can only hope and pray that the pain people are experiencing will WAKE THEM UP. If not we’re off to the dust bin of history.
They just ajusted the first quarter down. So that they can show the 2nd as growth.
if they reported the REAL numbers, Q4 2021 was negative growth……we have been in a defined recession as of the end of March 2022……remember those hold backs in import and government outlay reports?
We’ve been in recession since October for sure, perhaps earlier…
Just like with BHO! Good times, good times!🙄🙄🙄
Perfect timing for the implementation of the “Biden Strategy” of expanding forever bases overseas in fat cat Europe while a historic recession hits at home. Has anyone in DC ever heard of the Monroe Doctrine or Sunset Clause?
I grew up with Steve Jobs , Johnny Cash and Bob Hope……
Now there’s no jobs , no cash , and no hope .
Please don’t let anything happen to Kevin Bacon !
QueenofBaconz
Ugh, yes, leaves me quite “Haggard” 😉
You’re Hired !
Funny how it has left me waylon!and out of cash, but I still have a willie!
The “we know they are lying…” thing, just gets more infuriating and demoralizing to me day-by-day. I fight that feeling and do what I can to distract my thoughts from dwelling on it. The slippery slope has become vertical dead-drop. I’ve always been a pragmatic brightsider. It’s getting tough to keep looking for the good. At 68 yo, I expected a bit more from my ‘golden years’.
We will be in an official recession the moment they figure out a way to say Putin is to blame.
You are seeing the real world meaning of “you will own nothing”. This is the world of sustainable energy free of carbon.
By every measure for which environmentalists strive, a shrinking output, reduced energy production, and outright economic stagnation, we are achieving the objectives of the great reset.
Nothing could be better except for the ultimate 95% culling of humanity.
We have the solution. It involves cordite.
That’s an option that tugs at the 60’s heartstrings but I think people can reach for a pen or a keyboard and figure out a different way. It all depends how willing they are to suffer and perhaps do things they’ve historically found antithetical to the brainwashing they’ve received.
The solutions are out there. I mean before we get to the killing part. History indicates only a small portion of the population is in that wheelhouse.
Swinging the criminal element to the cause could be effective though. Seems like .gov is releasing them in droves. Make them a better deal and turn them into mercs if the financial warfare fails.
https://www.zerohedge.com/personal-finance/initial-jobless-claims-5-month-highs-layoffs-accelerate-0
Advertising to hire but not really hiring?
https://www.zerohedge.com/personal-finance/why-housing-bubble-bust-baked
Higher home prices and back in Trump’s time, lower mortgages…low mortgage and higher price still means more money for the bankers.
And a house that is sold, often has the new owner spending lots of money. Repairs, sheets, towels, curtains and carpets, dishes, toys for the kids, tools, etc…
In the bho regime, people who never should have been approved for mortgages, were getting them, and then when the balloon ballooned, they were getting foreclosed for non payment.
Sooner or later, any bubble that gets too big, will burst.
Places have been putting up hiring notices and posting to job boards, and then not hiring, since COVID. I wondered if there was some sort of government money scheme where it was more lucrative for businesses to claim to be trying to hire people without actually doing so.
Where I’ve lived in Oregon the last seven years or so I’ve never seen help wanted signs, save for one of the two fuel stations in town since they apparently go through island attendants like grease through a goose. Not even during Covid. Never. IDK, perhaps the businesses weren’t smart enough to get on the Covid fraud train.
I tried PPP for my business after all that ‘non-essential’ BS went down and gave up after no joy, said screw it, and closed it down. No more contributing to this sht show. They bought their tickets; let them crash.
This is where it’s important to understand something. The banks new what was coming due to the ARM deals so anyone who missed a payment, but paid current afterwards, placed those payments in escrow which was not applied to the accounts, placing millions into default.
When our banks Lend money long term but borrow short term, there’s a huge problem. They always call in the loans and that is why they pressed so hard for 2/1, 3/1 & 5/1 ARM deals.
It’s harder to call in 30 fixed rates and why setting up automatic monthly payments is a must.
This is exactly what they just did to Russia, confiscated their reserves, blocking them from paying and then claimed “Default.”
I noticed, in California anyway, the state government threw up more roadblocks to foreclosures to ‘keep people in their homes’. They’ve also been running a mortgage catch-up program since Covid.
Those of us who are in the active fight are testing all the systems. All of them. Financial warfare is the last resort before life-ending activities begin. They should’ve left us alone and not done the bioweapon. It is what it is.
When will the average American realize the riden with biden train is going over a cliff? Kinda like driving with your eyes closed, will it take running into a brick wall before they realize their mistake?
Economics 101 must be made a mandatory in order to graduate high school.
I have always thought that personal finance and economics, the two tools needed by everyone to navigate when adulthood is reached, should be mandatory…not an elective, required…for graduation from high school.
And I don’t mean some piffling study of them. There is nothing which can be taught or required in high school more important than this.
I had a paper route, for 2 1/2 years, as did my dad when he was a kid.
Thats dead, now its young adults with small pickups, instead of teenagers on bikes.
THAT gave me a foundation, for learning basic, personal economics.
Yes. Good grounding all right. Our twin 17 yr old grandlads are both working now. It did us a power of good to hear them say they get it.
Once you carry your own water, you learn the value of every drop.
Once America moved to a debt-based economy, all that brainwashing we got as kids of the 50’s and 60’s was out the window. I lived in that ignorant past in my business for years if not decades. Then I read a couple of PDJT’s books and was enlightened.
Can’t remember the exact saying but remember the one about if one owes the bank a grand one has a problem; if one owes the bank ten million, the bank has a problem. We see this repeatedly over time with bailouts of large industry, including the financial industry after the last economic crash. Too big to fail.
We can learn from that. Collectively we can be too big to fail. However it takes will and coordination and for some of us doing things that would make a billy goat puke. That’s what war is.
Capitalist, market-based, Friedman economics 101 to be clear. I don’t want my kids learning bull crap socialist Keynesian Econ 101.
Glad to see you make that important distinction, which I should have…but didn’t.
I’ll be honest, Milton was brilliant and became good friends with Martin Armstrong who is by far the most brilliant individual when it comes to global economics. He’s dealt with so many governments around the world but they never listen as he says often.
The best book you could ever own is “Manipulating the World Economy.” If you have the money and can find it, buy the 5th edition. I own the 3rd and the 5th edition. Worth every dollar bar none!
I don’t make a cent by promoting this but your personal economic education will never be the same.
https://www.armstrongeconomics.com/books/new-release-manipulating-the-world-economy/
I was hoping the new crap economy would be our National chemotherapy to kill off the cancerous Biden, but if the patient dies too, then it’s a bust.
It’s an illusion only to the believers.
Perhaps the 22% of dems who think we are on the right path are Stockholm syndrome voters
With EVERY poll, remember this;
AmericaFirst MAGA voters,…DON’T DO POLLS.
So, their “pool” of respondents for the poll, was AFTER 3/4 of the people in the pool, climbed out, toweled dry and walked away.
They polled “what was left” i.e. “the dregs”.
Applies to EVERY poll you see.
If you were to add in the Maga voters, all who disaprove strongly of Brandons policies, that 20 percent goes to 2 percent.
89 percent of “the dregs” strongly disaprove, with A1 respondents, in a percentage that corresponds to their percentage of the total, Bidens disapprove goes up to 99, as NONE of them would say “approve”.
US now officially in a recession.
BEA pretending not to know things.
81 million *ballots*.
Once the public knows, it’s game over.
“CTH predicts the BEA is likely to generate a statistical report somewhere in the +0.5% range. Just enough positive GDP to avoid the literal definition of a recession.” – Sundance. Which of course puts off declaring we’re in a recession until next year needing two consecutive quarters – 3rd and 4th! So no recession before the midterm elections of course! Amazing!! The 3rd quarter will include that portion of the 2nd quarter negative growth that was manipulated! So the 3rd qtr. negative growth could be a doozy and out before the election! My guess is that 3rd qtr. GDP number could also be manipulated for ChiCom Joe’s and the Democrats benefit or the war with Russia will have started by then to bury the bad news! Pushing negative growth into the future is easy for banana republics, it’s what they do hide truth!!! Believe nothing reported about the economy by ChiCom Joe or his minions or the corrupt leftist msm including Fox Propaganda!!
This is one of the most stark and concise examples I have seen on inflation. Someone put together a load of charts into short clip.
https://gettr.com/post/p1gfcal6078
Video progression Jan. 2020 through June 2022 by categories of gas, wheat, corn, cotton, oil, coffee, sugar, butter, cheese and orange. It’s pretty amazing to see this in short video clip.
Swamp rats love it when their dumba_ss plans come together.
Elections have consequences, stolen elections doubly so.
Initial Jobless Claims At 5-Month Highs As Layoffs Accelerate
JUN 30, 2022
https://www.zerohedge.com/personal-finance/initial-jobless-claims-5-month-highs-layoffs-accelerate-0
The number of Americans filing for jobless benefits for the first time was 231k last week (down very modestly from an upwardly revised 233k) leaving the 4-week average at the highest since January 2022.
There were 1.328 million continuing claims, very modestly below an upwardly revised 1.331 million last week, but an upward trend remains…
If the Biden Commerce Department doesn’t mess with the final numbers, this will mean we are officially in a Recession.
Without freedom of speech in this country, we wouldn’t know who the idiots are. Right now, it’s crystal clear!
Meme Worthy 🙂
Isn’t government spending included in GDP? If so, isn’t it even worse than that?
You don’t have to be a rocket scientist or have CNN make a formal statement to know that we are in a Recession. There was no way that the economy was going to suddenly turn around a week shy of the end of the second quarter, when we have been watching the stock market free fall and everything else crash as a result of Biden’s train-wreck economic policies. The Feds can lie all they want to about how great things are, as Americans have to make choices about whether they can afford to eat 2 vs 3 meals/day, or pay for the gas to continue using their car. Who are they kidding?
Next, if things go like they did in the 70’s, we will see gas rationing and people will be getting their pink slips as companies tighten their belts due to skyrocketing inflation of costs. Biden’s grand plan? “Tax the greedy oil companies!” (while he is trying to destroy their US operations) “Tax the greedy businesses who aren’t paying their share!” Anyone with any common sense at all knows tax increases will be like pouring gasoline on a fire. All while he is sending billions of US tax dollars to Ukraine every week to prop up a corrupt Fascist dictator. You can count on Biden to do the worst thing possible in an economic crisis, because that is what he is being tasked to do by his secret handlers. No one is this stupid and incompetent.
I lived, worked and went to college during the 70’s, markedly so during the Carter administration and its aftermath, and that era was like a pleasant sunny spring afternoon compared to what’s going on now.
A blue collar grunt earning ten bucks an hour could comfortably buy a home even with the crazy interest rates and then new ARM’s. Employment was solid, manufacturing and ag were robust, plenty of opportunities and plenty of disposable income.
I saved enough to start my own business in the mid 80’s. Not just a whatever business, but a capital intensive machine shop business. Lots of long hours but, again, nothing like what we’re going through now. For those of us in our 60’s-80’s, to me anyway, this is like an alternative universe, or a nightmare I fervently want to wake up from. Nuts.
As it pertains to the Regime and the statements/policies coming from them, every single day is just a Ground Hog Day of pure insanity that only the clinically insane would accept.
Were in for one hell of an economic contraction. The real issue is will the Biden administration start an international crisis to cover thier failures? This man himself is psychopathic and this makes him very dangerous.
Time to focus what’s truly important. We are all unfortunately locked into this roller coaster ride. Faith in God through Jesus Christ and ensuring those in our sphere of influence are also right with Jesus. That may look different than expected. Becoming ungovernable by the Satan administration may be the new righteousness.
So, what foods should we stockpile should we hope to survive nuclear fallout and winter?
To simplify, shelf stable and/or dehydrated versions of what one normally consumes. Think of that food triangle and one’s personal preferences and work it out.
On the nuclear thing, can’t help with that. Location is probably the best defense. Not being where the mess is. Think about Japan after Hiroshima and Nagasaki. Big island, lots of folks were unaffected. Location.
Gives Powell an excuse to keep raising rates, hurting Europe more (which is good, cuz that’s the Globalists’ Home Turf)
The manipulation of gas/oil numbers the past couple of weeks (and next week too, btw) is clear they’re full of it. But no one believes this garbage anymore.
There is no way nominal output currently exceeds the inflation rate now no matter how they try to spin the statistics. We are in a recession.
Consumer spending, the economy’s main engine, was much softer in the first quarter than previously reported, according to Commerce Department gross domestic product revisions released Wednesday. Spending grew at a revised annual rate of 1.8% in the first quarter, down from a previous estimate of 3.1%.
https://archive.ph/B0rd9
Joe six pack is tapped out:
Bed Bath and Beyond
Inventories increased by +12.5% Year over Year this quarter, while total sales declined by -25.1%.
Bed Bath (BBBY) stock price hit $54 in early 2021
Closed at $4.97 today
If I only had the money to re decorate my bathroom,
Id be shi##er rich!
When politics are allowed to override the fed’s responsibility to give accurate information, then the whole system is corrupt and can no longer be trusted.
Duh!!
And besides that, the Fed CAN’T provide accurate information even if they tried.
The worldwide financial system can be considered to be in a similar league of complexity as the worldwide climatological system and, therefore, far too complex to accurately predict because of far too few data points taken compared to the number of potentially useful ones, an imperfectly known relationship between innumerable factors with even many of those factors being unknown, etc., etc. Their predictions are just as much based upon SIMPLISTIC GARBAGE models as are the catastrophic climate change hucksters.
Short video showing that:
“CTH predicts the BEA is likely to generate a statistical report somewhere in the +0.5% range.”
One of the many positive things about CTH is that sundance often warns his readers that something he writes about is a “theory or a prediction” and so on but he also provides as many relevant facts and details as possible. We’ll see how close SD’s prediction is.
A few days ago, CTH cost me a friendly relationship (possibly temporarily) with a neighbor when we were discussing politics. He began the political discussion but when I answered his question about Bill Barr he became agitated and I wasn’t able to finish my answer. We haven’t talked since.
I’m only kidding about CTH causing the tension in the discussion but I did mention some of the facts and details I’ve read here that seem even more credible today. The corruption of the Biden DOJ etc. is definitely a part of Barr’s legacy due to his fear of being impeached and his reluctance to prosecute the “Russian Collusion” conspirators etc.
I was disappointed that I didn’t get a chance to say the “Barr is the Bondo and Durham is the spray paint” slogan.
Can’t blame Sundance for anything other than to make us all more suspicious cats. If only the rinos could see the wisdom of cats.
The BEA has outed itself as another largely useless Federal Dept. Budget savings to be had.
This is purposeful and frustrating. What can we do? Nothing – while an illegitimate shadow government throws us under the bus chasing a fabricated green new deal that is a threat to life, liberty, and military.
And now ADP has said that they will not release the July jobs report pending some new methodology. I’m sure it will be a methodology that inflates what Biden wants to inflate and doesn’t show anything Biden doesn’t want Americans to notice.
https://www.thegatewaypundit.com/2022/06/breaking-biden-economy-officially-recession-key-fed-gdp-tracker-turns-negative/
“We’re changing peoples lives”
And then a month later they’ll quietly revise the number down to negative territory. Is a recession still a recession if it’s not reported as a recession by the fake news? 🤔
-1.6%
https://www.bea.gov/news/2022/gross-domestic-product-third-estimate-gdp-industry-and-corporate-profits-revised-first
Pulling Back The Curtain On The ‘Real’ US Economy
1 Jul 2022
https://www.zerohedge.com/economics/us-economy-contracted-more-initially-reported-1st-quarter
Revised numbers on US GDP from the Bureau Of Economic Analysis indicate that the economy faces a deeper contraction than originally reported. GDP shrank in the first quarter of 2022 by 1.6%; this is an impressive and sharp reversal from the fourth quarter of last year, which saw GDP grow by 6.9% due primarily to the continued circulation of covid stimulus dollars and consumer credit spending.
It’s important to keep in mind that this plunge in GDP occurred BEFORE the Federal Reserve started raising interest rates. Meaning, the Fed did in fact raise rates into economic weakness, much like they did during the onset of the Great Depression, causing even more damage to the economy in the process and prolonging the effects of the crisis. The difference this time is that we do not face a standard deflationary threat, but a stagflationary one. It’s a completely different ballgame.
Revise the revision of the previously revised numbers…. Shades of 1984.
But negative growth isn’t really negative growth. It’s really an increase in the growth because Trump and Putin caused this downturn which would have been much worse had it not been for all Joe’s policies so we are actually seeing the economy grow.
The Biden Recession.
Another PDJT prediction that came true.