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Am I stupid?
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<blockquote data-quote="Star*" data-source="post: 162541" data-attributes="member: 4964"><p>Sits Wynter's Grace down in a chair and says to her DO NOT EVER EVER EVER ASK if you are STUPID. You may be a Beautiful, Intelligent, Thoughtful, Caring, Human - like me Lol (read each first letter) BUT YOU ARE NEVER STUPID_so do not ask me again) </p><p> </p><p>ahem......and as far as the line in your post that did not make sense? If we pointed out every thing on this board that did not make sense we'd be a community of pointers. With perfection should come the wisdom to give oneself a break. </p><p> </p><p>Now on to your economic question: </p><p> </p><p>There has not yet (to date) been a decline in the Gross Domestic Product or (GPD) of more than 10%. (It's very close). We are seeing inflations in the manner of prices sharpening (ie: oil, gas, mortgage) which is called a stagflation. (love that word - stagnant inflation) lol. </p><p> </p><p>But the NBER (National Bureau of Economic Resources) or NBER has a committee called the Business Cycle Dating Committee and they decide when we officially go into a recession -their guidelines are pretty loose. (like dating a teen with no morals) but the mom above had it right - </p><p> </p><p>We need to show 2 full quarters of negative growth to get the NBER to get the BCDC to say "yup we're in a recession" and even then - it basically means NOTHING to us other than watch your pennies and simply put - YOUR income ain't gonna match your outcome. </p><p> </p><p>Hope this helps. </p><p>pft - thinking HOW many times I have written a sentence that wasn't understandable. LOL.</p></blockquote><p></p>
[QUOTE="Star*, post: 162541, member: 4964"] Sits Wynter's Grace down in a chair and says to her DO NOT EVER EVER EVER ASK if you are STUPID. You may be a Beautiful, Intelligent, Thoughtful, Caring, Human - like me Lol (read each first letter) BUT YOU ARE NEVER STUPID_so do not ask me again) ahem......and as far as the line in your post that did not make sense? If we pointed out every thing on this board that did not make sense we'd be a community of pointers. With perfection should come the wisdom to give oneself a break. Now on to your economic question: There has not yet (to date) been a decline in the Gross Domestic Product or (GPD) of more than 10%. (It's very close). We are seeing inflations in the manner of prices sharpening (ie: oil, gas, mortgage) which is called a stagflation. (love that word - stagnant inflation) lol. But the NBER (National Bureau of Economic Resources) or NBER has a committee called the Business Cycle Dating Committee and they decide when we officially go into a recession -their guidelines are pretty loose. (like dating a teen with no morals) but the mom above had it right - We need to show 2 full quarters of negative growth to get the NBER to get the BCDC to say "yup we're in a recession" and even then - it basically means NOTHING to us other than watch your pennies and simply put - YOUR income ain't gonna match your outcome. Hope this helps. pft - thinking HOW many times I have written a sentence that wasn't understandable. LOL. [/QUOTE]
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