BREAKING: Q2 GDP unexpectedly falls by -0.9%, officially putting the U.S. in a recession.
— The Kobeissi Letter (@KobeissiLetter) July 28, 2022
GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal.
It’s not just a recession “signal,” it’s the actual definition of a recession, which everyone agreed on until this month when the Biden spinmeisters tried to change it.
Do you believe there is an attempt to redefine a recession? https://t.co/zBYaXNkvqT
— unusual_whales (@unusual_whales) July 28, 2022
The U.S. economy is officially in a recession because of Joe Biden’s reckless spending.
Now, the Democrats’ plan is to spend another $2 trillion over the next two weeks.
The radical left needs to put their Green New Deal agenda and liberal wishlist aside and stop spending.
— Sen. Marsha Blackburn (@MarshaBlackburn) July 28, 2022
Prices +8.9% GDP -0.9%
Stagflation
— Alessio (@AlessioTMAD) July 28, 2022
WE HAVE RECESSION:
Q2 GDP -0.9%, EXP 0.4%— zerohedge (@zerohedge) July 28, 2022
BREAKING
US Q2 advance GDP -0.9% vs +0.5% expected
— unusual_whales (@unusual_whales) July 28, 2022
h/t Glenn
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