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Economy

FBaggins

(28,247 posts)

1. The NBER clarification isn't going to help much politically

Reply to mahatmakanejeeves (Original post)

Tue Jul 12, 2022, 08:01 AM

Jul 2022

If the Atlanta fed's "GDPNow" estimate turns out to be the reported GDP figure for Q2, it's going to be called a recession. "It isn't really a recession until NBER says that it is and that won't happen until well after the election" isn't likely to be a very effective defense.

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This Recession May Be Mild. The Second One Will Be Worse. [View all] mahatmakanejeeves Jul 2022 OP

The NBER clarification isn't going to help much politically FBaggins Jul 2022 #1

GDPNow: It's been minus 1.2% since July 8 (not minus 1.9%) progree Jul 2022 #2