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Post by jdv on Jul 28, 2022 11:52:34 GMT -5
TODAY the Federal government released the last 3 months of economic data, and it's grim - the US economy slowing by nearly a full percentage point.
It was the second straight quarter of negative numbers, thus meaning we're in a recession. Indeed, the last ten times this happened, everyone on either side of the aisle and in the media called it just that, a recession.
None of this should be shocking considering the record inflation we've all incurred this year.
But apparently obeying a directive from 81,000,000 vote getter President Joe Biden, Facebook and other "news" outlets are either censoring themselves, or their users for saying so.
This of course is about the same as Nazi German radio stations claiming in 1944 that Germany had taken Stalingrad, or Soviet Union radio proclaiming the virtues of communism, and will likely be remembered as exactly that in the months & years to come.
Sadly, the word "recession" just the latest word or phrase in the common vernacular to be changed to support a morally/logically dubious political narrative, including "woman," "vaccine," "racist," and "mostly peaceful".
Hard to say what's worse for the USA, the now in-your-face cencorship coming from the government & big tech, or the fact that the economy is likely to get a whole lot worse before it gets better.
Let's call the whole thing malarky.
Orwell & Joe Stalin would be proud.... No AP, 2 straight quarters of large economic downturn - especially when combined with record inflation - does not mean a recession "may be approaching" - it's already here......
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Post by jdv on Jul 28, 2022 12:04:23 GMT -5
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Post by Warpig on Jul 28, 2022 12:07:12 GMT -5
HOW DARE YOU POINT OUT FACTS, YOU RACIST, SEXIST, HOMOPHOBIC, TRANSPHOBIC, PIECE OF SHIT!
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Post by jdv on Jul 28, 2022 12:13:20 GMT -5
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Post by Warpig on Jul 28, 2022 13:19:23 GMT -5
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Post by jdv on Jul 28, 2022 15:01:41 GMT -5
Instant karma? "Facebook has reported its first-ever revenue miss and continued poor earnings, with forecasts expecting a second straight quarter of declining sales. The social media Masters of the Universe missed analysts’ estimates for both revenue and earnings. CNBC reports that Facebook (now known as Meta) recently reported a worse-than-expected drop in revenue, missed on earnings, and gave a weak forecast for the future. Further poor performance could see a second consecutive decline in year-over-year sales. Facebook shares fell by 5.65 percent in intraday trading on Thursday." ------------------------------------- Breaks the heart, don't it? Meanwhile, we're still in a recession. www.breitbart.com/tech/2022/07/28/zuck-misses-big-facebook-reports-first-ever-drop-in-revenue/ |
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Post by Warpig on Jul 28, 2022 15:25:39 GMT -5
Instant karma? "Facebook has reported its first-ever revenue miss and continued poor earnings, with forecasts expecting a second straight quarter of declining sales. The social media Masters of the Universe missed analysts’ estimates for both revenue and earnings. CNBC reports that Facebook (now known as Meta) recently reported a worse-than-expected drop in revenue, missed on earnings, and gave a weak forecast for the future. Further poor performance could see a second consecutive decline in year-over-year sales. Facebook shares fell by 5.65 percent in intraday trading on Thursday." ------------------------------------- Breaks the heart, don't it? Meanwhile, we're still in a recession. www.breitbart.com/tech/2022/07/28/zuck-misses-big-facebook-reports-first-ever-drop-in-revenue/ |
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Post by jdv on Jul 28, 2022 17:39:21 GMT -5
The highest vote getting politician in human history, Joe Biden, today told the press that, "We're not in a recession."
He did not, however, take any questions from them. While that claim is of course dubious, his economic advisor Brian Deese "Nuts" today told Americans that they should be happy with the state of the economy because we are not experiencing famine: "And, obviously, the high prices are hitting Americans very hard, but...in a way, that is different from some places that are facing famine, for example." ------------------------------------
Yes, he actually said that out loud in public at a podium at the White House.
Despite all the facts to the contrary, the only major media news outlet to call the economic downturn a recession was the Wall Street Journal. In fact, it appears that several outlets have removed older articles dealing with past recessions because....
Reasons.
So to recap, we are not in a recession despite all those pesky traditional indicators saying we are, how dare you suggest that we are, and we all ought to be counting our lucky stars that we are not yet starving to death.
Yippee!
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Post by Warpig on Jul 29, 2022 5:54:14 GMT -5
"I know it's bad out there, but hey, at least you're not covered in locusts."
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Post by jdv on Jul 29, 2022 10:43:50 GMT -5
Wiki editors changed their traditional definition of "recession" "An edit war broke out on Wikipedia this week over the definition of “recession,” as the Biden administration and the corporate media take the unprecedented step of denying the U.S. is in recession even after two consecutive quarters of negative growth. More than 70 edits to the page about recessions were made before the site locked the entry preventing further changes. The edits successfully de-emphasize the broad consensus definition of recession — two consecutive quarters of negative GDP growth — instead parroting the Biden Administration’s talking points." ---------------------------- The definition is now locked so as to prevent any corrections. All of which will convince Americans that all is well. www.breitbart.com/tech/2022/07/29/ministry-of-truth-wikipedia-editors-feverishly-change-article-on-recessions-to-match-biden-talking-points/ |
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Post by jdv on Aug 15, 2022 15:18:17 GMT -5
Making all that Owellian censorship and changing of definitions worse, today there was yet another indication that not all is well: "New York State Manufacturing Index Falls Into a Major Contraction, The Worst Collapse Since 9/11 General conditions index drops 42 points to negative 31.3 -- the second largest decline on record The numbers: The New York Fed's Empire State business conditions index, a gauge of manufacturing activity in the state, plummeted 42.4 points to negative 31.3 in August, the regional Fed bank said Monday.
This is the second largest monthly decline on record and among the lowest levels in the survey's history, the regional Fed bank said.
Economists had expected a gain of 5.0, according to a survey by The Wall Street Journal. Big picture: Economists were expecting a small retreat in the factory index, not a rout. The U.S. manufacturing sector, which was a strength during the recovery from the pandemic, is facing a steep drop-off in new business." --------------------------------
Missed it by that much. Instead of a 5 point gain, it was a 43 point drop. Close Ward, close.
Hey, good thing wiki and all those news outlets bent over backwards to inform us we're not in a recession, 'cause otherwise I'd be very worried.
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Post by Warpig on Aug 15, 2022 15:28:53 GMT -5
IM SURE ITS NOTHING! DRINK UP, LADS!
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Post by jdv on Sept 21, 2022 12:06:17 GMT -5
AND 2 months after the OP, it looks like we've now had 3 straight quarters of negative economic growth, a sure sign that yup, we're in a recession: "Atlanta Fed just predicted that the GDP will have negative growth for the 3rd Quarter. That's 3 Quarters in a row that our GDP has shrunk." ---------------------- Grab the popcorn and watch the evening news tonight - assuming they even bother reporting it - the spin will be magnificent. BTW, interest rates are now 6.25%, the highest rate since October 2008. So we got that going for us. I hope the censors at Facebook coffeed up this morning - it's going to be a long day of banning people. businesssolutionsprofits.com/2022/09/21/breaking-atlanta-fed-announces-negative-3rd-quarter-growth-for-third-quarter-in-row/ |
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Post by Warpig on Sept 21, 2022 12:46:14 GMT -5
"Put it all on my pos, it's been a lovely fucking war."
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Post by jdv on Sept 29, 2022 15:56:05 GMT -5
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Post by Warpig on Sept 30, 2022 7:43:37 GMT -5
Oh Good! The curtains are on fire!
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Post by jdv on Sept 30, 2022 10:30:21 GMT -5
Facebook will ban you for pointing that out.
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