The latest US GDP figures for second quarter of 2022 renewed the debate about whether the US economy was in a recession or not. Real GDP contracted in the second quarter of this year by a 0.9% annualised rate (or by 0.2% quarter over quarter). That meant the US economy had contracted for two successive quarters, and so ‘technically’ (by that definition) was in a recession. Real GDP is now up only 1.6% from Q2 2021. And business investment is slowing, up only 3.5% from this time last year, the slowest rate since the end of the COVID slump in 2020.
Calling a recession and blaming it on interest rates
Tag: NBER
Academic paper reveals Hong Kong student protesters were paid to be guinea pigs in bizarre experiment that may have gone wrong
It’s unclear how many, if any, of the students participating in these incendiary activities were initially roused to political action by being “randomly” selected for the academics’ numerous protest studies over the years, but HKUST’s attempted backpedaling suggests it’s a distinct possibility that at least some were.
Ms. Cat’s Chronicles 