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@resjudicata The two quarter thing is the Christopher Columbus of economics. It’s never really been true, everyone who studied the field knew it wasn’t true, but because education systems are substandard and people generally take to simplicity over nuance we get a widespread misconception. I’m...

@susanna12345 This misconception would be forgivable, if the above linked article doesn’t specifically cite a paper discussing unemployment trends during recessions. Please go read the paragraph again, then the cited source, because you’re grossly misinterpreting a fairly straightforward data...

@joyjoy1001 I suppose it was too much to ask that people just read an article before posting. 🤷‍♂️

@joyjoy1001 And here the top comment chain is a guy complaining that we might get a political take, while ignoring the actual content of the article. I guess conversation is doomed on Reddit regardless.

@joyjoy1001 I’d assume that has a lot more to do with the average redditor not really understanding economics but definitely having an opinion on political than anything else, unfortunate as it is.

@joyjoy1001 Its actually a collection of several data points indicative of economic health and trajectory. Maybe I’m missing something but I did not get any partisan vibe here, just discussion of methodology and trends among various aspects of the economy.

@skim Erm, you’d want to do both so that you have a full understanding of what’s driving change. This is why the GDP report has both current dollar output growth as well as price adjustments. For instance current dollar growth was 7.8% with a price adjustment of 8.2% resulting in negative real...

@skim Output remains strong in current dollars, the price adjustments make it negative in real terms.

https://www.dallasfed.org/research/economics/2022/0802 ——- Click the link, they’ve got pictures too!