Welcome to Thunderdome

Leisher wrote: Tue Sep 27, 2022 2:28 pm Bad investors considering "experts" think prices are going to start going the other way, inventory is rising, and home sales are slowing.

Leisher wrote: Fri Jul 29, 2022 10:11 pm Just interesting how the definition, or at least according to folks on both sides, changes based on who is in office.

GORDON wrote: Thu Jul 28, 2022 4:57 pm Sounds like it's Michael Scott who has to stand up and shout, "I DECLARE BANKRUPTCYRECESSION! instead of it being a fixed, objective set of conditions that don't care about politics.

The NBER's traditional definition of a recession is that it is a significant decline in economic activity that is spread across the economy and that lasts more than a few months. The committee's view is that while each of the three criteria—depth, diffusion, and duration—needs to be met individually to some degree, extreme conditions revealed by one criterion may partially offset weaker indications from another. For example, in the case of the February 2020 peak in economic activity, we concluded that the drop in activity had been so great and so widely diffused throughout the economy that the downturn should be classified as a recession even if it proved to be quite brief. The committee subsequently determined that the trough occurred two months after the peak, in April 2020. An expansion is a period when the economy is not in a recession. Expansion is the normal state of the economy; most recessions are brief. However, the time that it takes for the economy to return to its previous peak level of activity may be quite extended.

TheCatt wrote: Tue Jun 15, 2021 4:21 pm Lumber coming back down to earth, has a ways to go.

TheCatt wrote: Wed Sep 28, 2022 12:10 pm To be clear, the definition of a recession hasn't changed since 1978. Anyone tell you otherwise is lying to you.

a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Leisher wrote: Wed Sep 28, 2022 2:24 pm Why'd it take two months to find that definition?

TheCatt wrote: Wed Sep 28, 2022 2:09 pm

TheCatt wrote: Tue Jun 15, 2021 4:21 pm Lumber coming back down to earth, has a ways to go.

Lumber prices are back to pre-pandemic prices.

Bed Bath & Beyond is adjusting its inventory by eliminating one-third of its own brands and adding well-known brands and new direct-to-consumer brands back into the mix.