US Enters Technical Recession After Two Consecutive Negative Growths - Foreign Affairs (3)

US Enters Technical Recession After Two Consecutive Negative Growths - Foreign Affairs (3) - Nairaland

Nairaland Forum › Nairaland General › Politics › Foreign Affairs › US Enters Technical Recession After Two Consecutive Negative Growths (30785 Views)

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Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 5:50pm On Jul 28, 2022

Drenimarcus:
Any sane person living in the US knows the US is in recession. This just makes it official. Ibime how far?

There is no report that says US has OFFICIALY entered recession.

The NBER determines recession and have yet to call it one.

1 Like

Re: US Enters Technical Recession After Two Consecutive Negative Growths by Mccullum: 5:50pm On Jul 28, 2022

jimetagambo:
Don't get it twisted. Russia is struggling under the effects of sanctions, but the US economy keeps adding jobs and economic indictators are strong.

When the war commenced 1 Dollar to 1 Ruble was 88, now is stood at 1 Dollar to 1 Ruble at 55,

most countries currencies dropping value, Ruble adding more value..

this indicate that Russian still manage her economy better during the war

and what the West thought would happened to Russia has failed because

Biden was bragging that Ruble would be rubble after series of sanctions from US and her allies.

5 Likes

Re: US Enters Technical Recession After Two Consecutive Negative Growths by Ray07(m): 5:50pm On Jul 28, 2022

Angelfrost:
Buhari and his cabinet will vibe to this news!

How dare anyone complain of hardship in Nigeria when America is in recession!

Angelfrost, Nigeria no be country again.

Drugs to treat ailments done expensive die.
People might soon turn to herbal.

Re: US Enters Technical Recession After Two Consecutive Negative Growths by Drenimarcus(m): 5:50pm On Jul 28, 2022

jimetagambo:
Post any report that says US has officially entered recession.

What does 2 consecutive negative GDP mean?

Re: US Enters Technical Recession After Two Consecutive Negative Growths by Tvoice: 5:51pm On Jul 28, 2022

The same pipo wey dey recession, dia money still high pass nigeria own , and dem dey recession

Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 5:51pm On Jul 28, 2022

Drenimarcus:
What does 2 negative GDP mean?

You don't determine what a recession is. The NBER does.

Post a report from the NBER that says the USA is officially in a recession. We will be waiting.

Maybe you are a JJC to America

2 Likes

Re: US Enters Technical Recession After Two Consecutive Negative Growths by seunny4lif(m): 5:53pm On Jul 28, 2022

Eriokanmi:
How? Check the value of their currency and their economic situation right now. They've eaten their humble pie in their policy of ruple purchases of their gas by EU. A few days ago, they resumed sale of gas in Euro and usd due to their bad economic condition.

Nigeria's case is such a sorry one. How they allowed investors in the oil and gas sector to leave Nigeria is still baffling. That sector would have been flourishing by now.

Vote out bad government. Vote Obi

Russia resumed sales of gas in Euros and Dollars?
Where is your news coming from because even CNN and BBC can’t find that news

6 Likes

Re: US Enters Technical Recession After Two Consecutive Negative Growths by Drenimarcus(m): 5:53pm On Jul 28, 2022

jimetagambo:
You don't determine what a recession is. The NBER does.

Post a report from the NBER that says the USA is officially in a recession. We will be waiting.

Maybe you are a JJC to America

Same people trying to re-define recession?

Yes, I be JJC cheesy

2 Likes

Re: US Enters Technical Recession After Two Consecutive Negative Growths by nedekid: 5:54pm On Jul 28, 2022

VeryWickedMan:
Lol
While Russia is flourishing

I weak oh, they sanction Russia to the bone, yet na them enter recession first. grin

8 Likes

Re: US Enters Technical Recession After Two Consecutive Negative Growths by Angelfrost(m): 5:54pm On Jul 28, 2022

Ray07:
Angelfrost, Nigeria no be country again.

Drugs to treat ailments done expensive die.
People might soon turn to herbal.

One clown was talking about how the nation's economy has grown this year under Buhari... That Buhari has outperformed his predecessor.

I honestly didn't have the strength to engage the fellow... These days, na to just dey read comments, dey observe your fellow Nigerians.

Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 5:54pm On Jul 28, 2022

Drenimarcus:
Same people trying to re-define recession?

Yes, I be JJC

Same people have called recession for decades. grin

Until they call it a recession then it isn't officially a recession yet.

Re: US Enters Technical Recession After Two Consecutive Negative Growths by Drenimarcus(m): 5:54pm On Jul 28, 2022

seunny4lif:
Russia resumed sales of gas in Euros and Dollars?
Where is your news coming from because even CNN and BBC can’t find that news

I tire. They just sprout news out of thin air.

See people arguing that US no den recession.

6 Likes

Re: US Enters Technical Recession After Two Consecutive Negative Growths by Drenimarcus(m): 5:54pm On Jul 28, 2022

jimetagambo:
Same people have called recession for decades.
Until they call it a recession then it isn't officially a recession yet.

Re: US Enters Technical Recession After Two Consecutive Negative Growths by Brendaniel: 5:55pm On Jul 28, 2022

Winning123:
Mumu. How is he doing that.

Biden is the cause of the Ukraine war, If you don't know, don't come and argue, i didn't start this year, Ukraine was part of the issue they used to impeach Trump and Biden was involved, the problem people don't ask questions and look for the root causes of problems...

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Re: US Enters Technical Recession After Two Consecutive Negative Growths by nomenclature(m): 5:55pm On Jul 28, 2022

jimetagambo:
Don't get it twisted. Russia is struggling under the effects of sanctions, but the US economy keeps adding jobs and economic indictators are strong.

Some of you are irredeemable

9 Likes

Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 5:56pm On Jul 28, 2022

Drenimarcus:

Yeske

NBER don't give a flying fuk about emotions or feelings grin

Until they call it a recession then it isn't officially a recession yet.

Simple as ABC grin

1 Like

Re: US Enters Technical Recession After Two Consecutive Negative Growths by Brendaniel: 5:56pm On Jul 28, 2022

jimetagambo:
Which Republican president ever bent to the Democrats? List them.

And Trump is mostly hated by his fellow Republicans.

That's a lie...

Re: US Enters Technical Recession After Two Consecutive Negative Growths by ponziponzi(m): 5:56pm On Jul 28, 2022

jimetagambo:
Go and argue with the NBER that hasn't yet called a recession or the Federal reserve chairman appointed by The republicans that has refused to call a recession. Because only one of the recession metrics have been met

There is a reason the OP put technical in his post. Trying to gaslight and play with the emotions of low IQ people.

I don't care who says what. Not from the same Powell who told us last year that "inflation is transitory" when he had the opportunity to start raising interest rate slowly. He was even promising soft landing earlier this year. Now everything is in a mess and they are adding "technical" to a recession.

2 Likes

Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 5:57pm On Jul 28, 2022

Brendaniel:
That's a lie...

Which is the lie.

The Republicans that are now dumping him for DeSantis (Florida State Governor to run for Republican party presidential.candinate for 2024), or Trump's own appointies below that called him names to his face.

2 Likes

Re: US Enters Technical Recession After Two Consecutive Negative Growths by LienwaltAbel(m): 5:58pm On Jul 28, 2022

Eriokanmi:
How? Check the value of their currency and their economic situation right now. They've eaten their humble pie in their policy of ruple purchases of their gas by EU. A few days ago, they resumed sale of gas in Euro and usd due to their bad economic condition.

Nigeria's case is such a sorry one. How they allowed investors in the oil and gas sector to leave Nigeria is still baffling. That sector would have been flourishing by now.

Vote out bad government. Vote Obi

How do you expect a dolt like that guy to even understand a word of what you're sayin

1 Like

Re: US Enters Technical Recession After Two Consecutive Negative Growths by Doctorgid: 5:59pm On Jul 28, 2022

US enter technical recession and naira still dey fall like this before dollar, wetin Nigeria enter then huh

Unredemmable recession.

1 Like

Re: US Enters Technical Recession After Two Consecutive Negative Growths by Pilet: 5:59pm On Jul 28, 2022

Biden and Buhari get Similarities

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Re: US Enters Technical Recession After Two Consecutive Negative Growths by Ckonnet: 5:59pm On Jul 28, 2022*

Brendaniel:
Oga, leave that thing, Biden is causing problems all over the world causing wars and hatred, while Trump was busy solving problems and you expect American economy not to suffer, We warned them against electing Biden they didn't listen...

They hated Trump because he was not an easy push over who bends for liberals - That was his major offense to most Americans...

Me I follow warn them also but you know Africans can be emotional for everything and most Biden supporters don't understand how macro economics works, you have to tame every beast for economy to move forward which trump did very well by romancing putin,the Korean boy and even china but biden came to make noise and disrupt the world. What Africans don't know is that we have a common enemy.

6 Likes

Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 5:59pm On Jul 28, 2022

ponziponzi:
I don't care who says what. Not from the same Powell who told us last year that "inflation is transitory" when he had the opportunity to start raising interest rate slowly. He was even promising soft landing earlier this year. Now everything is in a mess and they are adding "technical" to a recession.

Well.

NBER determines when the country is in a recession. Not some unknown poster on Nairaland grin

Re: US Enters Technical Recession After Two Consecutive Negative Growths by bmdmix14: 5:59pm On Jul 28, 2022

Buhari and his minion will use this as an excuse to worsen Nigerians situation now

Re: US Enters Technical Recession After Two Consecutive Negative Growths by Drenimarcus(m): 5:59pm On Jul 28, 2022

ponziponzi:
I don't care who says what. Not from the same Powell who told us last year that "inflation is transitory" when he had the opportunity to start raising interest rate slowly. He was even promising soft landing earlier this year. Now everything is in a mess and they are adding "technical" to a recession.

Same people saying it is not a recession but a slow growth cheesy

. I need not to argue cos I know wetin dev sup for yonder here.

5 Likes