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US Enters Technical Recession After Two Consecutive Negative Growths - Foreign Affairs (6) - Nairaland

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Re: US Enters Technical Recession After Two Consecutive Negative Growths by Nobody: 6:50pm On Jul 28
jimetagambo:

Bias?

Jerome Powell was appointed by the Republican..Biden could have fired him but he kept him.

The NBER does not care about what party is in power. They would call a recession the moment it's one. I can't even argue.

Like I said earlier. If it's a recession, no biggie. It won't be the first neither would it be the last.

The issue I have with you here is saying it “started” under the last administration. Biden has been president for more than 2 consecutive quarters now so still blaming his economic performance on the last president exposes YOUR bias.

At what point does a new president become responsible for the economy? After 3 years? Lol
C’mon man. If you had just said once NBER calls it I will accept it instead of trying to deflect the blame to republicans I would have understood.
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Geovanni412(m): 6:50pm On Jul 28
jimetagambo:
More on why a recession hasn't been officially called yet.

Unemployment rate is at 3.6 % and falling
Stock market is soaring
The dollar is gaining in strenght

The stock market isn't soaring. What happened was a relief rally. Most stocks are down by 20-50 percent from their all time high. Examples includes Netflix,paypal and Tesla shares.

1 Like 1 Share

Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 6:53pm On Jul 28
SlyfoxxjReturns:


The issue I have with you here is saying it “started” under the last administration. Biden has been president for more than 2 consecutive quarters now so still blaming his economic performance on the last president exposes YOUR bias.

At what point does a new president become responsible for the economy? After 3 years? Lol
C’mon man. If you had just said once NBER calls it I will accept it instead of trying to deflect the blame to republicans I would have understood.
Of course.

Remember my last post that I talked about deficit.

You can see from the graph below how the deficit always Increase under a GQO government. That is what often brings recession.

And as usual, the Dems are already bringing down the deficit again. It's like a cycle in the USA. Everytime.

Somehow you feel my posts are bias. I am just stating what happened every now and then.

1 Like 1 Share

Re: US Enters Technical Recession After Two Consecutive Negative Growths by VeryWickedMan: 6:55pm On Jul 28
pargelenis:
Russia own pass recession … send your wife to born the next “pikin” there grin

Is Russia in recession, Yes or No?

Simple
Re: US Enters Technical Recession After Two Consecutive Negative Growths by IgOga(m): 6:56pm On Jul 28
jimetagambo:

I am sure you know that Russia too is selling vaccines. Get your head out of conspiracy theories boy.

Please tell me why Russia is struggling with part shortage so bad that it's making cars without air bag, seat belt tensioners, radios e.t.c. butchering aeroplanes for parts e.t.c. Tell me why the inflation rate in Russia is above 15%. Tell me why Russia has fallen so low that it is now buying drone parts from Iran grin

Alot of us don't suck Putin's dick for a living brighter do we read Russia propaganda news aka RT.

grin grin grin

If it floats your boat.....keep getting boosted with the poison till death.....

On the issue of Russian economy and sanctions, Austria and Hungary governments have urged the EU ro review these sanctions as it seems to only affect the EU and not Russia...

White House reporters actually accused the Biden administration of trying to hide the fact thqf the US has entered recession.....

BTW I live in Europe and we don't watch RT as it has been banned since the Ukriane war started....people can feel the effects of the sanctions.....we don't need Putin to tell us what we can see....maybe you need some exposure on what is really happening in the world....more than 125 countries are feeling it including Nigeria.....but then you will dismiss reality cos msm tells you so.....time reveals all things

7 Likes

Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 6:58pm On Jul 28
IgOga:

grin grin grin

If it floats your boat.....keep getting boosted with the poison till death.....

On the issue of Russian economy and sanctions, Austria and Hungary governments have urged the EU ro review these sanctions as it seems to only affect the EU and not Russia...

White House reporters actually accused the Biden administration of trying to hide the fact thqf the US has entered recession.....

BTW I live in Europe and we don't watch RT as it has been banned since the Ukriane war started....people can feel the effects of the sanctions.....we don't need Putin to tell us what we can see....maybe you need some exposure on what is really happening in the world....more than 125 countries are feeling it including Nigeria.....but then you will dismiss reality cos msm tells you so.....time reveals all things
Yes. I will take the Russian sputnik vaxx. None of your business.

In the US, the NBER determines recession and not white house staff (I don't know where you got that from).

Maybe you do things differently in "your" Europe. grin

Of course Africa is feeling the effect of the Ukraine war more than any other countries in the world. Just yesterday, the US dashed Nigeria almost $60 million dollars to help fight hunger. My Income has not been affected in North America. I still eat any food I want. My affordability has not gone down.. Price of oil went up a but it is fast falling as well. Thank God.

Jobs full everywhere and people are even taking on multiple jobs sef. The dollars are getting stronger. Economy is doing just fine. You guys can sort yourself out in Europe grin

1 Like 1 Share

Re: US Enters Technical Recession After Two Consecutive Negative Growths by sylvok: 7:02pm On Jul 28
Biden has crashed the US economy. The things the poster is saying about Trump are BS. The leftist news agency he was busy quoting is propaganda. Under Trump, the US economy was booming. An idiot took over and crashed it. now they are looking for scape goat.
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Kingcalls: 7:04pm On Jul 28
jimetagambo:
Though this started from the Trump era when he bullied the Federal reserve to start cutting interest rates, but it has not been declared a recession yet by Republican appointed Federal reserve chair Jerome Powell and the NBER that determines recession in the US. This is because of low unemployment rate and strong economic outputs.

Until NBER calls it a recession then I will agree. As a matter of fact, recession is not new, it comes and goes. Trump had a recession too.

U are dumb... thats how u dunb asses accused Jonathan and PDP....u have taken that sick mind-set of urs to America... u are a sissy ...pvssy ass niggar... never wanna throw real blame to the person involved

2 Likes

Re: US Enters Technical Recession After Two Consecutive Negative Growths by LordAdam16: 7:07pm On Jul 28
Drenimarcus:
Any sane person living in the US knows the US is in recession. This just makes it official. Ibime how far?

Ibime does not play politics with his money. He'll accept it is a recession.

It wouldn't matter though. As far as democrats are concerned, no price is too high to pay to make certain Trump is not in the White House.

In November, they'll expect another 2020 election night "fortification" that'll magically preserve Democrat control of House and Senate.

-Lord

3 Likes 1 Share

Re: US Enters Technical Recession After Two Consecutive Negative Growths by Dscop: 7:09pm On Jul 28
IgOga:


I think you got it upside down....the best performing currency in the world for 2022 is Russian Rouble.....Russia's inflation has gone down this year.....Russia has cheap energy and food.....the real impact of Ukraine war Nd sanctions are in Europe and the US....US is in recession......the only issue the Russian economy has was US blocking Russia from refinancing their debt in dollars....so thatvthe US could claim Russia defaulted but not for lack of money infact FT says Russia has already met 60% of its revenue target this year by end of May.....they will likely have more than they budgeted
..

.....Forget the propaganda the reality is there for every reasonable person to see.....in a world where poison is sold as vaccine....and recession is actively being marketed by US media as recovery....you need to be careful about believing all things media...engage your brain when reading the news

So how much Ruble have you invested in? grin grin

2 Likes 1 Share

Re: US Enters Technical Recession After Two Consecutive Negative Growths by phixtech: 7:09pm On Jul 28
What's the solution now?
Re: US Enters Technical Recession After Two Consecutive Negative Growths by DerrickzB: 7:10pm On Jul 28
BritishNaija:
End time things.

Sorry ooo! American apologist… grin cheesy

1 Like

Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 7:16pm On Jul 28
Kingcalls:


U are dumb... thats how u dunb asses accused Jonathan and PDP....u have taken that sick mind-set of urs to America... u are a sissy ...pvssy ass niggar... never wanna throw real blame to the person involved
You must have been dropped as a baby, and your banged your head on the floor grin

That's all.
Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 7:16pm On Jul 28
Dscop:


So how much Ruble have you invested in? grin grin
Let me answer for him.


Zero

1 Like

Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 7:18pm On Jul 28
LordAdam16:


Ibime does not play politics with his money. He'll accept it is a recession.

It wouldn't matter though. As far as democrats are concerned, no price is too high to pay to make certain Trump is not in the White House.

In November, they'll expect another 2020 election night "fortification" that'll magically preserve Democrat control of House and Senate.

-Lord
Democrats do not care about Trump that much more. They have done their part through the Jan 6. DeSantis is now the republikkan's new bride. Republikkans know that Trump is bad business for them now and would like up behind DeSantis for 2024.

Even Murdochs has started turning the heat on Trump, and Trump is very much aware.

1 Like

Re: US Enters Technical Recession After Two Consecutive Negative Growths by pargelenis(m): 7:20pm On Jul 28
VeryWickedMan:
Is Russia in recession, Yes or No?Simple
Do you have common sense, yes or no?
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Dscop: 7:25pm On Jul 28
IgOga:

grin grin grin

If it floats your boat.....keep getting boosted with the poison till death.....

On the issue of Russian economy and sanctions, Austria and Hungary governments have urged the EU ro review these sanctions as it seems to only affect the EU and not Russia...

White House reporters actually accused the Biden administration of trying to hide the fact thqf the US has entered recession.....

BTW I live in Europe and we don't watch RT as it has been banned since the Ukriane war started....people can feel the effects of the sanctions.....we don't need Putin to tell us what we can see....maybe you need some exposure on what is really happening in the world....more than 125 countries are feeling it including Nigeria.....but then you will dismiss reality cos msm tells you so.....time reveals all things



So we were energy independent under Trump and Buhari has been dead for a while and the Elite gave us vaccine to kill all of us?grin grin

I don't know why you people are butt hurt for an election that doesn't concern you, but you keep crying; you can't even come here talk less of voting. But your tears go really well with Folgers.

Re: US Enters Technical Recession After Two Consecutive Negative Growths by LordAdam16: 7:25pm On Jul 28
jimetagambo:

[s]Democrats do not care about Trump that much more. They have some their part through the Jan 6. DeSantis is now the republikkans new bride. Republikkans know that Trump is bad business for them now.

Even Murdochs has started turning the heat on Trump, and Trump is very much aware[/s].

Trash!

Trump will be the 2024 Republican nominee and there's nothing you or anyone can do about it. Get that in your head.

-Lord

1 Like

Re: US Enters Technical Recession After Two Consecutive Negative Growths by kay29000(m): 7:25pm On Jul 28
VeryWickedMan:


You must be daft if you think I will take Russian news from a US news site during a Russia vs US war.

Exactly. Lol
Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 7:26pm On Jul 28
LordAdam16:


Trash!

Trump will be the 2024 Republican nominee and there's nothing you or anyone can do about it. Get that in your head.

-Lord
DeSantis would be the 2024 republikkan nominee, and there is nothing you or anyone can do about it. Get that into your empty skull. grin

Trump belongs to the old people suffering from dementia's home.

- Jimetagabo

1 Like

Re: US Enters Technical Recession After Two Consecutive Negative Growths by Ade3131: 7:26pm On Jul 28
Splitmind:
See that we should be grateful for president Buhari, other countries are seriously suffering but we are alright where we are.

Buhari thank you ooo.

Have I done as you say?
Re: US Enters Technical Recession After Two Consecutive Negative Growths by LordAdam16: 7:32pm On Jul 28
jimetagambo:

[s]DeSantis would be the 2024 republikkan nominee, and there is nothing you or anyone can do about it. Get that into your empty skull. grin

Trump belongs to the old people suffering from dementia's home.

- Jimetagabo[/s]

Heard you. Now move along!

-Lord
Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 7:34pm On Jul 28
LordAdam16:


Heard you. Now move along!

-Lord

1 Like

Re: US Enters Technical Recession After Two Consecutive Negative Growths by ParpahSeventy: 7:35pm On Jul 28
jimetagambo:
Though this started from the Trump era when he bullied the Federal reserve to start cutting interest rates, but it has not been declared a recession yet by Republican appointed Federal reserve chair Jerome Powell and the NBER that determines recession in the US. This is because of low unemployment rate and strong economic outputs.

Until NBER calls it a recession then I will agree. As a matter of fact, recession is not new, it comes and goes. Trump had a recession too.
All these defence on a government that don't know that there is a black man defending them somewhere.
Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 7:35pm On Jul 28
ParpahSeventy:

All these defence on a government that don't know that there is a black man defending them somewhere.
How does that concern you. Face your Buhari.

Oh. I almost forgot. That same government still gave your country $55 million yesterday to help you fight hunger. He did not call your country a shithole because he knows you are not monkeys like the other guy thinks.

Re: US Enters Technical Recession After Two Consecutive Negative Growths by Dscop: 7:36pm On Jul 28
jimetagambo:

DeSantis would be the 2024 republikkan nominee, and there is nothing you or anyone can do about it. Get that into your empty skull. grin

Trump belongs to the old people suffering from dementia's home.

- Jimetagabo


He's on his way to jail. 2024 is the least of his worries, 35 lawsuits and counting; but let the clowns keep giving him money... grin grin grin

You have to be beyond stuupid to think a guy who lost the Presidency, lost the Senate and lost the House is coming back as a savior.; he even lost his Tweeter account. grin grin grin grin grin

I wonder why he didn't make us great the first time. Good riddance...

2 Likes

Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 7:37pm On Jul 28
Dscop:



He's on his way to jail. 2024 is the least of his worries, 35 lawsuits and counting; but let the clowns keep giving him money... grin grin grin
grin grin grin grin
Re: US Enters Technical Recession After Two Consecutive Negative Growths by kay29000(m): 7:38pm On Jul 28
Batam:
An analyst said US economy is almost in recession in June this year but I wonder US dollars why US dollars started gaining momentum over other major currencies of the world.

I think this recession is all over the world
but we should thank God that subsidy whether scam or not is still suppressing the inflation rate in Nigeria

This is kind of true. My friend in Ghana was complaining to me this evening that the inflation in naija is still learning compared to inflation in Ghana right now. He said bus fare that used to be 150 naira equivalent last year is now like 500 naira equivalent right now. He said he is planning to come back to naija, even after I told him how crazy things are here right now.

1 Like 1 Share

Re: US Enters Technical Recession After Two Consecutive Negative Growths by ParpahSeventy: 7:38pm On Jul 28
jimetagambo:

How does that concern you. Face your Buhari.
Oh. I forgot. That government still gave your country 58 million yesterday to help you fight hunger. He did not call your country a shithole because he knows you are not monkeys like the other guy thinks.
Am not fighting hunger, I have more than I will need to eat.
You can claim American as much as you want, but the whites won't hesitate to tie your hands behind your back, force your head to the ground with their knees and sink multiple bullets into your black skin at the slightest provocation.
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Ibime(m): 7:39pm On Jul 28
LordAdam16:


Ibime does not play politics with his money. He'll accept it is a recession.

It wouldn't matter though. As far as democrats are concerned, no price is too high to pay to make certain Trump is not in the White House.

In November, they'll expect another 2020 election night "fortification" that'll magically preserve Democrat control of House and Senate.

-Lord

I don't play politics with economics but you do. As no President is responsible for the start or end of a business cycle. They are just lucky to be there at the start or middle of a cycle, or at the end of one. Same reason I always absolved George Bush of 2 recessions during his tenure. The world has been on a bullrun since 2009 fuelled by Fed printing money, and a major Covid fiscal response that accelerated the cycle to it's end. The cycle is simply over. If Trump is lucky, he would have skipped the hard part and return in 2024 when the cycle has started to turn upward, just like Clinton skipped the hard part of the Savings and Loans crisis and entered on the upturn, then handed over to Bush II just before the Tech bubble downturn.

2 Likes 1 Share

Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 7:39pm On Jul 28
ParpahSeventy:

Am not fighting hunger, I have more than I will need to eat.
You can claim American as much as you want, but the whites won't hesitate to tie your hands behind your back, force your head to the ground with their knees and sink multiple bullets into your black skin at the slightest provocation.
Still none of your business. Face your Buhari and let us face our Biden in too.

Same way Nigerian police pump bullets into skulls of poor Nigerians shey.
Re: US Enters Technical Recession After Two Consecutive Negative Growths by ParpahSeventy: 7:40pm On Jul 28
kay29000:


This is kind of true. My friend in Ghana was complaining to me this evening that the inflation in naija is still learning compared to inflation in Ghana right now. He said bus fare that used to be 150 naira equivalent last year is now like 500 naira equivalent right now. He said he is planning to come back to naija, even after I told him how crazy things are here right now.
Ghana is in shambles, people who don't update themselves think Ghana is paradise.

2 Likes 1 Share

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