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  • =?UTF-8?Q?Re=3a_A_weird_economy_may_give_way_to_recession_=02=c2=80?= =

    From George.Anthony@21:1/5 to Ralph E Lindberg on Mon Jul 25 11:07:41 2022
    On 7/25/2022 9:30 AM, Ralph E Lindberg wrote:
    On 2022-07-24 17:19:15 +0000, Technobarbarian said:

    "A weird economy may give way to recession — or not"

    "
    .....
          Once again for those who missed it the first time:
    "With unemployment still historically low and consumers still opening
    their wallets with reckless abandon......."

    TB

    Exactly this is a wierd situtation with some leading factors pointing
    one way and others  something else

    But of course when you have this SOB in charge.

    https://www.johnlocke.org/biden-team-wants-to-redefine-recession/


    --
    ----------
    Progress... it's holding us back.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From bfh@21:1/5 to George.Anthony on Mon Jul 25 13:59:28 2022
    George.Anthony wrote:
    On 7/25/2022 9:30 AM, Ralph E Lindberg wrote:
    On 2022-07-24 17:19:15 +0000, Technobarbarian said:

    "A weird economy may give way to recession — or not"

    "
    .....
          Once again for those who missed it the first time:
    "With unemployment still historically low and consumers still
    opening their wallets with reckless abandon......."

    TB

    Exactly this is a wierd situtation with some leading factors
    pointing one way and others  something else

    But of course when you have this SOB in charge.

    https://www.johnlocke.org/biden-team-wants-to-redefine-recession/


    Like inflation, recession is literally transitory - and at the end of
    the day going forward, pivoting your calculus toward redefinitioning, reorienting, metrics modification, and efficacious messaging will
    virtually neutralize many of the existential threats that are on the
    table and will carry you safely through most any uncomfortable
    negative inflection point that you may wittingly or unwittingly
    encounter at the next fork in the road on your perilous journey toward
    the ever-elusive Normalville.

    If following that science doesn't work for you, just order a few of
    those Mike Lindell My Triangulators.
    --
    bill
    Theory don't mean squat if it don't work.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Technobarbarian@21:1/5 to Ralph E Lindberg on Mon Jul 25 11:03:35 2022
    On 7/25/2022 7:30 AM, Ralph E Lindberg wrote:
    On 2022-07-24 17:19:15 +0000, Technobarbarian said:

    "A weird economy may give way to recession — or not"

    "
    .....
          Once again for those who missed it the first time:
    "With unemployment still historically low and consumers still opening
    their wallets with reckless abandon......."

    TB

    Exactly this is a wierd situtation with some leading factors pointing
    one way and others  something else


    For your entire life time the GDP per capita has only been headed
    in one direction, primarily driven by improvements in technology and a
    growing population. This has not changed substantially.

    "Real gross domestic product per capita"

    https://fred.stlouisfed.org/series/A939RX0Q048SBEA

    For me the most important "leading factor" is that our State Parks
    are still difficult to get into during the summer even though we keep
    building more and expanding them. I do not expect that to change any
    time soon. Whatever economic difficulties may be ahead of us, they will
    be mostly at the margins. Small changes for most folks. The people most affected will be those who were already experiencing economic
    difficulties and those flirting with it.

    The difficulty rural America is having with inflation is a good
    example of this. Economic hardship in rural America has been a perpetual headline since before we were born. People being forced out of rural
    America has been going on since before any of us were born. My Dad grew
    up on a farm. By the time I came along the farm was just a memory for
    many families.

    TB

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