Recession Thesaurus
Seems like business writers (and WDEL newsreaders for that matter) are running out of words to describe our current proximity to economic “recession.”
I do what I can to help out:
approaching, approximate, at hand, coming, expected, imminent, impending, looming, near-at-hand
All of these are preferable to “teetering on the brink” which is sooooo 2007.
Sliding down the razor blade toward recession.
Ouch!
“Honey, I think I’m ‘on the brink’ of pregnancy.”
This post started out snark but while I was writing it I realized it will probably come true:
1. They will announce a tiny GDP growth for Q1. This is a lie of course, but it will cause the MSM to immediately stop printing headlines including the word “recession.”
2. Then one Friday evening late this summer, they will announce that Q1 has been retroactively revised to a net GDP decline. This will be ignored because of wall-to-wall coverage of a missing blonde girl.
3. Shortly after they will announce another tiny GDP gain for Q2. This too will be bogus, and will be revised down… after the election.
Meanwhile they will go into the election having successfully concealed the start of a real recession, which is defined as 2 successive quarters of GDP decline.
The recession when it finally recognized by the MSM will of course be blamed on Democrats.
Guys I hate to break the news again, we are already in a recession.
They have been pulling this bogus reporting for the last two years. If you look at it objectively it is really the start of a depression becuase there is no tenable end in sight as long as we prop up a faltering business cycle for political gain.
The thing about this that always makes me do a “huh… wha?!” take is the notion that a recession is defined by X number of quarters of “negative growth.”
Negative growth? Does that mean that we know we’re OK when we see a few quarters of “positive shrinkage?”
I kind of like “teetering”, but I’m old. Good observation. Maybe we should had the “r” word to George Carlin’s list.