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jgmiller

(679 posts)

10. The odds of Q2 being up are pretty slim

Reply to edbermac (Original post)

Thu Jun 26, 2025, 11:06 AM

Jun 2025

So that means an official recession. Actually officially The Trump Recession!

Of course Trump will get his wish and the fed will cut rates but that's just to try and slow down the slide that he started.

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US economy shrank much faster in 1st quarter than previously reported [View all] edbermac Jun 2025 OP

I Can Tell! OC375 Jun 2025 #1

People are terrified of what's happening Johnny2X2X Jun 2025 #2

Atlanta Fed had an estimate at like negative 2.5. They'll be cooking the Q2 books 617Blue Jun 2025 #3

It isn't uncommon for GDPNOW to be way off FBaggins Jun 2025 #14

The neg 2.5 was for Q1. My assumption 617Blue Jun 2025 #15

Interesting. Here's a snapshot from March 26 of GDPNow and the Blue-chip consensus of *Q1* GDP progree Jun 2025 #18

It was pretty eye popping. nt 617Blue Jun 2025 #20

And is this the truth? Farmer-Rick Jun 2025 #4

I've stopped buying anything but food and gas Ritabert Jun 2025 #5

That's about all I spend on also. llmart Jun 2025 #21

Exactly. I have more clothes than I need ... Ritabert Jun 2025 #23

It's Biden's fault. Gimpyknee Jun 2025 #6

If every quarter during Trump's entire term markodochartaigh Jun 2025 #13

You know who's economy did not shrink in the first quarter? Bev54 Jun 2025 #7

Also the Canadian 2nd quarter will moniss Jun 2025 #8

And likely to get much. much worse. Scared consumers, gov't spending / research cuts, healthcare cuts, lots of Exp Jun 2025 #9

The odds of Q2 being up are pretty slim jgmiller Jun 2025 #10

Correcting some misinformation in some replies. Two negative quarters is NOT the official definition of a recession progree Jun 2025 #11

Meh North Coast Lawyer Jun 2025 #12

And because of this an administration can convince itself that it is doing a good job... Ol Janx Spirit Jun 2025 #16

Huh? ProfessorGAC Jun 2025 #17

GDP includes investment which means salaries and capital expenditures. Bernardo de La Paz Jun 2025 #22

Makes Perfect Sense North Coast Lawyer Jun 2025 #24

Gee. I wonder why. Karasu Jun 2025 #19