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76
U.S. GDP for this quarter is NEGATIVE 1.4%. Hello stagflation. Biden has managed to be worse than the Carter Presidency. (www.zerohedge.com)
posted 4 years ago by onetruephilosoraptor 4 years ago by onetruephilosoraptor +76 / -0
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– Gizortnik 5 points 4 years ago +5 / -0

Because it's about what's being effected and how the values of things are calculated.

Millions of small business closing down? Establishment statistics: "Good. Kill yourself. Buy shit from Walmart you fucking plebian."

The knock-on effects of the entire global economy slowing down, which then effects massive supply chains, and causes so many problems that money can't be re-distributed fast enough, where inflation begins to catch up on the base level prices, effecting all consumer and producer spending all at the same time.

Establishment statistics: "Oh shit, the slaves slowed their consumption for some reason... Anybody know why?"

Buy the way, while everyone is wondering about all those food factories burning down, you just missed the fact that the mortgage industry is literally dying. Every single mortgage company is firing 10%, 20%, 30% of it's workforce because the mortgage system which supports the world economy through the fiancialization of international debt through mortgage backed securities is dead. As in, already dead. As in, you can't save it.

The recession that they will announce in October started in February.

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