What is a recession?

AProudLefty

AProudLefty

Black Kitty Ain't Happy
Simply put, a recession is when the economy stops growing and starts shrinking.

Some say that happens when the value of goods and services produced in a country, known as the gross domestic product, declines for two consecutive quarters, or half a year.

In the United States, though, the National Bureau of Economic Research, a century-old nonprofit widely considered the arbiter of recessions and expansions, takes a broader view.

https://www.nytimes.com/2018/12/17/business/economy/what-is-recession-facts-history.html

A recession can happen even with high employment rate.
 
AProudLefty said:
Simply put, a recession is when the economy stops growing and starts shrinking.

Some say that happens when the value of goods and services produced in a country, known as the gross domestic product, declines for two consecutive quarters, or half a year.

In the United States, though, the National Bureau of Economic Research, a century-old nonprofit widely considered the arbiter of recessions and expansions, takes a broader view.

https://www.nytimes.com/2018/12/17/business/economy/what-is-recession-facts-history.html

A recession can happen even with high employment rate.
Click to expand...

fucking propaganda you idiot.

word games is all liars have.
 


Though there is only a slim chance that you haven’t heard the term “recession” before now – plastered all over the news as it currently is – it is possible that you aren’t entirely familiar with its premise. That being the case, let’s get into what exactly the financial term, which is largely presented to be extremely undesirable in economics, forbodes.

Before we go on to explain the basics, we want to make it clear that no part of this article represents financial advice, and DailyCoin does not act in that capacity. This guide merely serves as educational material to provide an outline one might need to know about recession, and how it generally affects the financial markets⁠—including crypto.

So, without further ado, what is a recession, beyond being the elements of a looming financial breakdown and extreme fiscal uncertainty that often results in economic crisis?


To begin this outline, it should be understood that the consequences of a recession, if not swiftly eased by the relevant authorities enacting the necessary stimulant economic measures, can be devastating to both a nation and its citizens. But how does an economy get to the point of recession in the first place?

Generally speaking, a recession, according to the National Bureau of Economic Research (NBER) simply refers to a significant economic downturn that permeates throughout vital areas of the economy, typically lasting for several quarters of a year or more, depending on the situation of the affected nation.

But to be more precise, a nation often faces recession when its gross domestic product (GDP) shows consistent decline for at least two fiscal quarters.

https://dailycoin.com/recession-for-dummies-what-it-means-and-how-it-affects-the-crypto-market/

In other words, the GDP is in the negative for a quarter or two, even when there's the job growth. It's a unique case.
 
oh, this is supposed to bolster the whole 'recession is a good thing' statement, right?

AHZ had it right......propaganda disguised as 'expert' knowledge.............in other words, bullshit
 
AProudLefty said:
It depends. If there's a low employment rate and a recession, it can be very bad.
Click to expand...

even with high employment it can be bad. money growth is fake, thats the point.

the organic economy, real goods and services not fiat currency denominated bubble value) is shrinking even faster. soon the needs of society can not be met....
 
Of course if you're a eugenicist depopulation nazi, you are fine with recession.

more people die.

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Looks like a repeat of the Volcker era is firmly on the Fed's mind.

Stocks plunged on Tuesday as fears that the Federal Reserve will ultimately spark a recession spread like wildfire after a hotter-than-expected inflation print.

The Fed has raised interest rates four times this year in an attempt to cool rising consumer prices, with Fed Chair Jerome Powell saying that his inflation fight is “unconditional” and rate hikes will continue even if it means some “pain” for Americans.

But despite Powell’s efforts, inflation, as measured by the Consumer Price Index (CPI), rose by 0.1% in August, and 8.3% compared to the same period a year ago, the Bureau of Labor Statistics revealed on Tuesday.

The stock market’s worst day since June 2020 shows ‘the Fed has the worst problem in the world’ with inflation—and recession is the only solution

Stocks plunged on Tuesday as fears that the Federal Reserve will ultimately spark a recession spread like wildfire after a hotter-than-expected inflation print.

The Fed has raised interest rates four times this year in an attempt to cool rising consumer prices, with Fed Chair Jerome Powell saying that his inflation fight is “unconditional” and rate hikes will continue even if it means some “pain” for Americans.

But despite Powell’s efforts, inflation, as measured by the Consumer Price Index (CPI), rose by 0.1% in August, and 8.3% compared to the same period a year ago, the Bureau of Labor Statistics revealed on Tuesday.

https://finance.yahoo.com/news/stock-market-plunge-shows-fed-163154669.html
 
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