These people...My Goodness

 

GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal

"A strong recession signal"?

"Most economists don’t expect the NBER to declare an official recession, despite the consecutive quarters of negative growth. Since 1948, the economy has never seen consecutive quarterly growth declines without being in a recession.

The feeling, though, on Wall Street is that the economy could well hit recession later this year or in 2023 but is not in one now.

That may not be enough to change public perception, however. A Morning Consult/Politico poll earlier this month indicated that 65% of registered voters, including 78% of Republicans, think the economy already is in a recession."

I had to go to the second page on my news feed to find any story saying anything about todays GDP #s.

If that doesn't tell you something I don't know what will.

A strong recession signal?

My ass.

Every other time this has ever happened?

It's been called what it is, a recession, not a signal.

My questions are these:

What would the numbers have been if we hadn't been releasing a million barrels of oil a day from the strategic reserve since March?

Our short sightedness is leading us right into the trap Russia and China have set for us.

My other question is:

 Why were todays GDP number buried deep in the second page of my news feed?

Even then it was only the second part of a story about yesterdays Fed interest rate hike.

Why?

1 Thessalonians 5:2-4

The Day of the Lord

…For you are fully aware that the Day of the Lord will come like a thief in the night. While people are saying, “Peace and security,” destruction will come upon them suddenly, like labor pains on a pregnant woman, and they will not escape. But you, brothers, are not in the darkness so that this day should overtake you like a thief.…

I know I sound like a broken record but you just have to understand what is going on right in front of your eyes.

You are witnessing that happen right now, right in front of you.

The people selling this nonsense are the false prophets spoke of in Matthew 24:11

Oh and by the time 4.5% interest rates get here? it will fix 9.1% inflation even though going back to 1954 we have never been able to lower inflation without the interest rate being higher than the rate of inflation.

But this time is different for some reason.

I wonder why?

Matthew 24:21

For then shall be great tribulation, such as was not since the beginning of the world to this time, no, nor ever shall be.

Two consecutive quarters of negative GDP growth doesn't equal a recession and eventual 4.5% interest rates will cure 9.1% inflation even though historically that has just never happened.

The fact of the matter is this:

The longer you have artificially low interest rates?

The worst the recession will be when it really gets going and we have never had interest rates this low for this long, so figure it out what's about to happen.

 Keep in mins todays GDP #'s are just preliminary, in a lil while we will get the adjusted #'s , and then even later we will get the final second quarter GDP#s.

Those stories will be on the front page I'm sure

Things are being controlled and manipulated so that you wont know what's really going on.

It's just so obvious...

I love you honey :-).

Bugs and kisses baby.