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:The NBER is the group tasked with defining when a recession begins and ends. Technically, there is some leeway in making that determination, because obviously the current recession did not begin on January 1, 2022. It could have started earlier in the fourth quarter of 2021, of even sometime after Jan 1st. Two consecutive quarters is a rule of thumb that ''confirms'' recession.
:The NBER is the group tasked with defining when a recession begins and ends. Technically, there is some leeway in making that determination, because obviously the current recession did not begin on January 1, 2022. It could have started earlier in the fourth quarter of 2021, of even sometime after Jan 1st. Two consecutive quarters is a rule of thumb that ''confirms'' recession.
:But yes, there is other criteria looked at, which is what Biden cronies are arguing, principally unemployment. In recent decades, unemployment of 5.7% is when members Congress begin panicking for their jobs and start talking of [[Stimulus]]. In the current case, unemployment is 3.6% (we'll leave aside a discussion of cooked numbers in UC stats & the CPI for now). So the question is, ''Is unemployment set to rise in the coming quarter or two?'' Amazon.com laid off 100,000 workers, and Wal Mart, the nation's largest employer is also laying off (both are r3elated to supply chain issues. And China is considering supply sanctions in retaliation for Pelosi's provocation).
:But yes, there is other criteria looked at, which is what Biden cronies are arguing, principally unemployment. In recent decades, unemployment of 5.7% is when members Congress begin panicking for their jobs and start talking of [[Stimulus]]. In the current case, unemployment is 3.6% (we'll leave aside a discussion of cooked numbers in UC stats & the CPI for now). So the question is, ''Is unemployment set to rise in the coming quarter or two?'' Amazon.com laid off 100,000 workers, and Wal Mart, the nation's largest employer is also laying off (both are related to supply chain issues. And China is considering supply chains sanctions in retaliation for Pelosi's provocation).
:Not only is this a recession, it is purely a man-made, [[D.C.]] directed recession. [[User:RobSmith|RobS]]<sup>[[User talk:RobSmith|Ich bin ein breakfast taco]]</sup> 12:58, August 8, 2022 (EDT)
:Not only is this a recession, it is purely a man-made, [[D.C.]] directed recession. [[User:RobSmith|RobS]]<sup>[[User talk:RobSmith|Ich bin ein breakfast taco]]</sup> 12:58, August 8, 2022 (EDT)