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Pastimes : The Philosophical Porch

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To: Rarebird who wrote (14204)	7/15/2022 9:44:47 AM
From: Real Man	Read Replies (3) of 25194

First quarter US real gdp declined, we will have our second quarter number some time end of July. A negative number will mean US has entered a recession. Don’t forget the number is a real number, so inflation is subtracted. So far accelerating inflation and slowing growth in June makes it likely the GDP growth number for the second quarter will also be negative. If it happens , US is in a recession since the start of the year or end of last year. European economy is in total shit, European PMs are on resignation spree, so I think it comes here, at least the economy part. Never seen US President resign. Reason for usd strength is shit in Europe.

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