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Right, te day before the lock down it was at 3.5, today it is at 3.8
If you do the math that is a ~10% increase
So check, that one is confirmed true, next.
@freemo @MattHodges OMG!! Time to head for the bunker!
Huh no one said anything about heading to the bunker or the end of the world.. its just a small (and possibly soon to be large) recession.. no need to be hyperbolic about ir.
@freemo @MattHodges Sorry, but we've been hearing these predictions from so-called experts for nearly three years now... even longer if you count what Trump said would happen to the economy if Biden was elected. Sooner or later the naysayers will be right, of course, but it's mostly just wishful thinking by disappointed conservatives who hate to see Biden succeeding.
What prediction.. we are talking about the recession we are **in*** we are talking the present, not the future.. Obviously is possible it will get wose inteh future, but that depends on oo many factors to blame anyone or anything... But the fact is, we are in a recession now.. so if youve been hearing it for a while, i guess now you know they were right and its confirmed (per the numbers I stated)... lets just hope it gets better and not worse.
@freemo @MattHodges Still sticking to your recession story? You'll be right sooner or later, of course, especially if the Fed keeps raising interest rates, but the crystal ball might need some Windex. https://www.barrons.com/articles/us-gdp-growth-economy-release-report-today-e45b7240
Still trying to argue a narrative rather than objectively collect data and review I see....
We listed multiple indicators last we spoke for one. and for another you are looking at GDP suprisingly narrowly (cherry picking fallacy)
I cant see my original post anymore, but as I recall I listed three data points which are the GDP, inflation, and unemployment. I pointed out the GDP was not particularly horrible, while the other two values had a very suggestive rate.
If i was cherry picking I would have left off the GDP
@freemo @MattHodges Looks to me that you're the one who's cherry picking. GDP and unemployment rate (which held steady at 3.8% in September) are pretty much at the top of the list when it comes to leading economic indicators. Monthly inflation dropped back down a little in September, and falling gas prices tell me that this will likely continue in October too. That the economy is holding up so well is pretty amazing considering Fed tightening.