https://preview.redd.it/m03n8fu7ckx91.jpg?auto=webp&s=bba938aae5cc47a41546e578730866e6de749a84
The White House updated their definition of a recession.
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Phillies will win. Will they change definition again?
I shouldn’t have shorted the Phillies mascot.
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LETS GO PHILLIES MY PUTS NEED YOU
This could go further. Any time Philly ranks in the top of anything, that is not to say that Philly, itself, has improved. However, it is to say that the rest of the country has sunk to unusually low levels. If Philly gets ranked “the most livable city” we know that is not actually because Philly is in any way a desirable city to live in. Rather, it suggests that other cities have sharply fallen to unusually low levels of livability
TLDR: Philly is a cesspool.
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>A recession is an economic downturn that lasts for at least two consecutive quarters of negative growth in real gross domestic product (GDP).
I feel like this is old news and the site was changed some time ago.
Edit: The shitpost was funny. I missed the last line when I first responded.
Alright, I’ll go all in on the Phillies if we go to a game 7
Finally some concrete evidence
That changes everything . I feel better now.
Shit post or DD. Don’t know where one ends and the other starts.
I’ve never been more interested in baseball my entire life
No wonder that’s who he’s rooting for.
https://twitter.com/jimcramer/status/1587925744776364032?
You made me read all of it . Jerk
Yes, yes, give me more Biden Admin Newspeak! “Vaccine”, “safe and effective”, “democracy”, “transitory”, “birthing people”. I love it!
How many times do I have to see this?
Ah yes blatant corruption, my favorite main course
Someone found inspect element
2000 Recession wasn’t 2 consecutive quarters. It had a positive quarter in between. The last time there was a negative-positive-negative 3 quarter run was in the 50s, and not a recession. They don’t go by strict GDP quarters.
While this is the first 2 quarter negative GDP run not declared a recession, GDP is a noisy imperfect measure, so it’s a first-cut heuristic, not a definition. GDP, by the way, is supposed to exactly, dollar per dollar, match GDI. Being noisy, they don’t, sometimes by over hundred billion. GDI was positive, not negative, during the first two quarters.
Note, further, that the previous two declared recessions, aka the 2020 Covid recession and the 2008 Financial Crisis recession, had GDI *lower* than GDP. In the noisy economic moment of early 2022, GDI was above GDP.
There’s reasons in my macroeconomics class on recessions (in 2012!) they also told us a recession isn’t actually 2 quarters of GDP and they look at a lot more. And that 2 quarters GDP is usually a good enough heuristic, but not sufficient. Sufficient is the 0.998 correlation to baseball championships.
If GDP was measured perfectly and in realtime, we could declare recessions day by day, or at least by single quarters, and not half to wait for two to even consider it.
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edit: tl;dr: get rekt nerds the Phillies was always how we did it
Astro’s need to pull it together and rally!
Checks out
Lmaooo