Boiler Room: The Official Stock Market Discussion
ahomeplateslugger
Superstar
isn't a recession 2 negative GDP?
No
That’s has been a feature of recessions in the past
A recession is declared by the NBER and is a pullback/slowdown in the economy
Rickdogg44
RIP Charmander RIP Kobe
Biden up there with that covid cough talking about the chips
SleezyBigSlim
Banned
The only reason they are not calling it a recession is because of positive job numbers. Unemployment is only 3%
What is it then when major S&P companies like Walmart, Target, and Apple are constantly doing preemptive warning before earnings toinvestors of an economic decline like they have been?
ahomeplateslugger
Superstar
so two negative quarters of GDP is a feature of a recession and we had that, but we are not in a recession?
i also think we are in a pullback/slowdown in the economy. unemployment may be low but the unemployment number is BS and can easily be manipulated. there has been a lot of layoffs, less consumer spending, lower than expected revenue from companies and lower guidance.
It’s the technical definition of a recession (which we are in). NBER gives the final call but they usually lag all indicators.
All the big F500 can see the forest for the trees (US is in a recession).
so two negative quarters of GDP is a feature of a recession and we had that, but we are not in a recession?
i also think we are in a pullback/slowdown in the economy. unemployment may be low but the unemployment number is BS and can easily be manipulated. there has been a lot of layoffs, less consumer spending, lower than expected revenue from companies and lower guidance.
You can’t have a recession with historic lows in unemployment because that correlates into high demand
A recession wouldn’t have inflation either because the slowdown in the economy would feature less demand
High unemployment= Less spending, business closures, foreclosures… That’s a recession
The technical definition of a recession is 2 consecutive quarters of contracting GDP…which is what the US has. Also, UE is a lagging indicator of economic conditions (and can be fudged).
You can absolutely have a recession and high inflation (stagflation). Some inflation is supply side driven.
It’s a lot of semantics and politics right now on calling a recession a recession but Q3 numbers will put a lot of that to rest.
BlaxOps
Pro
$RBLX misses on EPS and Sales. Same quarter sales last year was $454.10 million, this year $591.20 million. Why would the analyst consensus be $645million this quarter?!
I’m not an analyst but at least in companies including my own, a lot of budgets were set last summer during the re-opening during vax and other covid money floating around. They’re still growing but not at the rate that they projected due to the anomaly of last year
BlaxOps
Pro
Understood. Seems like those projections should have been modified to account for this.
Slim
Superstar
Coinbase is about to give back all those gains they got when they announced the Blackrock partnership.