Open Thread – Saturday, 23 July 2022

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327 Responses to Open Thread – Saturday, 23 July 2022

  1. Arky says:

    F…ing about with definitions and changing the rules is now business as usual for our rulers.

  2. Arky says:

    2006:

    Recession
    What does it Mean? A significant decline in activity spread across the economy, lasting longer than a few months. It is visible in industrial production, employment, real income and wholesale-retail trade. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country’s gross domestic product (GDP).

    ..
    2008:

    Recession
    What does it Mean? A significant decline in activity spread across the economy, lasting longer than a few months. It is visible in industrial production, employment, real income and wholesale-retail trade. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country’s gross domestic product (GDP).

    ..

    2016:

    What is a ‘Recession’
    A recession is a significant decline in activity across the economy, lasting longer than a few months. It is visible in industrial production, employment, real income and wholesale-retail trade. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country’s gross domestic product (GDP); although the National Bureau of Economic Research (NBER) does not necessarily need to see this occur to call a recession.

    ..
    2020:

    What is a Recession?
    A recession is a macroeconomic term that refers to a significant decline in general economic activity in a designated region. It had been typically recognized as two consecutive quarters of economic decline, as reflected by GDP in conjunction with monthly indicators like a rise in unemployment. However, the National Bureau of Economic Research (NBER), which officially declares recessions, says1 the two consecutive quarters of decline in real GDP are not how it is defined anymore. The NBER defines a recession as a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

    ..
    March 2022:

    What is a Recession?
    A recession is a macroeconomic term that refers to a significant decline in general economic activity in a designated region. It had been typically recognized as two consecutive quarters of economic decline, as reflected by GDP in conjunction with monthly indicators such as a rise in unemployment. However, the National Bureau of Economic Research (NBER), which officially declares recessions, says the two consecutive quarters of decline in real GDP are not how it is defined anymore. The NBER defines a recession as a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

    ..
    Today, after many, many redrafts this year:

    What Is a Recession?
    A recession is a significant, widespread, and prolonged downturn in economic activity. Because recessions often last six months or more, one popular rule of thumb is that two consecutive quarters of decline in a country’s Gross Domestic Product (GDP) constitute a recession.

    Economists including those at the National Bureau of Economic Research (NBER), which dates U.S. business cycles, define a recession as an economic contraction starting at the peak of the expansion that preceded it and ending at the low point of the ensuing downturn.

  3. mh says:

    Sportsbet market

    Manly Sea Eagles 5.50 | Sydney Roosters 1.15

  4. Arky says:

    So two consecutive quarters of negative growth has gone from being the technical definition of recession, to a “rule of thumb”.
    And who changed this definition?

    The NBER is supported by research grants from government agencies and private foundations, by investment income, and by contributions from individuals and corporations.

    The group took in $32 million for the year ended June 30, 2020, according to its financial statement.
    5

    The economist Paul Krugman, writing in the New York Times, said NBER is “best described, I’d say, as the old-boy network of economics made flesh. There are a couple of NBER offices, but they’re small; what the organization mainly consists of is its associates and what they do. In many sub-fields of economics, just about anyone well-known in the profession is an NBER research associate; it’s normal for these associates to release new research as NBER working papers.

    ..
    – Investopedia.

  5. shatterzzz says:

    Sportsbet market
    Manly Sea Eagles 5.50 | Sydney Roosters 1.15

    NEDS market 7.08pm 27th..
    Manly fairies $6.50 .. Rorters $1.12
    Handicap Manly .. +18.5

  6. mh says:

    The Rubin Report
    1.72M subscribers

    Dave Rubin of “The Rubin Report” talks about Meet the Press’ Chuck Todd grilling Janet Yellen over her attempts to redefine an economic recession as whatever the National Bureau of Economic Research says it is.

    https://www.youtube.com/watch?v=gzbtCm203Lc

  7. mh says:

    Yellen refers to a “common definition” of recession, the one that we all know, but lends her support to a different “technical definition”.

  8. Black Ball says:

    We are in the age of Newspeak ladies and gentlemen. Buckle up.

  9. mh says:

    Everyone’s favourite…

    Sean Hannity: The White House is trying to rewrite the definition of recession

    https://www.youtube.com/watch?v=kLc5TmUqxOk

  10. Steve trickler says:

    Credit to Malcolm Roberts. He has called out a lot of bulls*t and is still standing firm.

    **********

    Via Joel Jammal:

    🏛 Parliament Resumes: LABOR already playing games 🤦‍♂️ ~ Senator Malcolm Roberts

  11. Old bloke says:

    Good research Arky.

  12. Steve trickler says:

    It’s been a while since listening to this.

    You Belong to ethe City – Glenn Frey (2014) HD video

  13. mh says:

    I hope Manly players bend the knee tomorrow night to highlight the club’s discrimination against the black Christian Pacific Islanders not playing because of the Manly board not respecting their cultural beliefs.

    Or something.

  14. mh says:

    Shit just got real

    McDonald’s hiked the price of its cheeseburger in the U.K. for the first time in 14 years as cost pressures bite.

    The fast food chain confirmed Wednesday that the iconic burger was one among a number of items facing price increases across its U.K. restaurant network.

    The cost of a cheeseburger has increased 20% from 99 pence ($1.19) to £1.19.

  15. Steve trickler says:

    My local fast food joint has hidden their 5G phone tower as a chimney.

  16. Steve trickler says:

    BUT, BUT BUT BUT, 5G?

    Have you anything to contribute, Sinclair?

  17. Steve trickler says:

    Sleep well ladies and gents.

  18. Arky says:

    This entirely “manufactured” band got along better than most of the “genuine” product, and it’s touching how the sole surviving member misses his departed friends.
    https://www.youtube.com/watch?v=-8urgvC0TR8

  19. Arky says:

    Artificial intelligence might one day surpass us in intelligence and decide to wipe us off the face of the Earth, but the soulless pricks will never have our style.
    Humans 4 Eva.

  20. Black Ball says:

    Remember the earth moving with every utterance of Cass Hutchinson, star witness who claimed Trump grabbed at the wheel of the limousine etc? You may be shocked to learn that she is not truthful
    https://thefederalist.com/2022/07/26/exclusive-in-private-cassidy-hutchinson-joked-about-riot-called-j6-committee-phony-praised-trump-before-changing-story/

  21. Black Ball says:

    And one of our flag bearers in Birmingham:

    ‘Australia’s flag-bearers for the Birmingham Commonwealth Games opening ceremony, to be held in the early morning this Friday, Australian time, will be the one of the most capped Commonwealth Games athletes, Toowoomba’s squash player Rachael Grinham, and the highly successful men’s hockey captain Eddie Ockenden from Tasmania.

    The selection of Grinham, 45, is obvious: she has been one of the stalwarts of the Australian Commonwealth Games team for the past five editions, winning a silver medal at the 1998 Kuala Lumpur Games, pairing with her sister Natalie for team gold at the Melbourne Games and has been one of Australia’s top squash players on the world circuit. She only missed the Delhi Games because of injury.

    Team Scotland has claimed that their female flag bearer badminton stalwart Kirsty Gilmour is the first gay athlete to be given the honour, but Grinham, from Toowoomba, came out as gay more than five years ago, at the time saying it was to “if we can help others, then it’s worth doing”.

    Grinham was in shock when told of the flag honour, by Australian Team Chef de Mission, Petria Thomas in the presence of Governor-General, David Hurley and Linda Hurley and in front of over 300 team members inside the Birmingham University Athletes Village.

    She was especially chuffed as the Commonwealth Games is the biggest international multi sport event that squash can be part of.

    “It has been a bit surreal when I do think I am here for the sixth time,’’ she said, adding that in the previous opening ceremonies “we are never up the front, I am the little one as well. (It will be) lucky if I am seen”.

    However the Australian selectors have bypassed another female athlete who has also been at five previous Games, the table tennis player Jian Fang Lay, of Victoria.

    Lay has represented Australia at six Olympic Games and she has represented Australia at every Games since the sport was first held at Manchester 2002, winning seven medals. Lay was born in Wenzhou, China, and arrived in Australia in 1994 with her husband and training partner Jorge Lay.’

    So the more accomplished player gets overlooked because not gay. Seems about right 🤦

  22. mh says:

    NRL star Jai Arrow’s dog kills pet in second attack

    NRL star Jai Arrow’s American Staffordshire terrier Thor has brutally killed a pet greyhound only three months after attacking another smaller dog

  23. mh says:

    Dow rallies 400 points as Powell hints Fed could slow pace of rate hikes, Nasdaq jumps 4%

    Long term you have to be bearish.
    We are in the 70s.

  24. mh says:

    Sen. Joe Manchin, D-W.V., announced Wednesday that he has reached a deal with Senate Majority Leader Chuck Schumer, D-N.Y., on legislation aimed to reduce inflation that includes tax, climate, energy and health care-related provisions.

    Any deal with Schumer is always bad news.

  25. mh says:

    Peter Schiff and Rob Schmitt discuss rising inflation, rising interest rates, and rising consumer prices. Recorded on Newsmax 7/26/2022

    https://www.youtube.com/watch?v=pun58IwdzQA

  26. Steve trickler says:

    When are we going to see a fat butch lesbian thing become a media reporter on the MSM?

    All we get today is wannabe f8cked in the head Barbie dolls.

    Fat bush pigs need equal opportunity now!

  27. Steve trickler says:

    I am impressed. I was expecting him to end up in a spot of bother tackling this sport….like, in the fence and upside down. That didn’t happen.

    Well done bloke.

    👏

    ***********

    Our FIRST Jet Boat Sprint Race Was INSANE!!!! Only Crashed Twice… But It Was AMAZING!!!

  28. JohnJJJ says:

    The boycotting players were initially going to watch the match from the safety of a gymnasium in the Bob Fulton Stand’s Centre of Excellence because the dug-out, located near the players’ tunnel, was deemed too close to fans and unsafe. There were even fears protesters angry at the players’ stance could attempt to enter the ground and harass the seven stars According to the Oz.
    This is getting better by the day.

  29. Arky says:

    Long term you have to be bearish.
    We are in the 70s.

    ..
    Yes, but can you afford to stay out of it while the idiots pile back in?

  30. Steve trickler says:

    Heller:

    “The year is 2035. In New York, palm trees line the Hudson River from 125th Street to the Midtown exit.” – Washington Post September 4, 1988

    Science Dies In Bad Journalism

  31. mh says:

    Yes, but can you afford to stay out of it while the idiots pile back in?

    I’ve had my super back in Australian shares the last few weeks then moved back to cash on Monday. The ASX will likely rocket up now.

  32. mh says:

    Wellcamp down to minus 2.7 this morning.

    A bit chilly for the inmates. All three of them.

  33. Shy Ted says:

    Still hot in the UK? More advice If you can, try to read the first few paras. I like the “Sunday Sport exclusive” bit.
    Better than bugs?

  34. mh says:

    Jerome Powell joins in with the Biden administration.
    Won’t be a real recession

    Powell said he does not think the economy is in recession, though growth was negative in the first quarter and was expected to be barely positive in the second quarter.

    “Think about what a recession is. It’s a broad-based decline across many industries that’s sustained more than a couple of months. This doesn’t seem like that now,” he said. “The real reason is the labor market has been such a strong signal of economic strength that it makes you question the GDP data.”

    lol

  35. mh says:

    There were even fears protesters angry at the players’ stance could attempt to enter the ground and harass the seven stars

    Ian Roberts and his mates.

  36. Ragu says:

    A bit of work has gone into this channel. Bill McClintock

    Squeezing together L.A woman and 2 minutes to midnight

    https://youtu.be/nY9LBOp54KQ

  37. JohnJJJ says:

    A few headlines in case you missed them
    ‘Shame on them’: Gay footy star slams Manly players for boycotting pride jersey
    A footy star who came out as gay while he was still playing has roasted the Manly players refusing to wear a rainbow pride jersey.

    TV icon Magda Szubanski backs Manly players in a corner
    Aussie TV star Magda Szubanski has attacked the religious stance of seven rugby league involved in the Manly pride jersey scandal

    Gay TikTok star calls on Manly to sack players in pride jersey boycott
    A gay Australian TikTok star is calling on the Manly Sea Eagles to permanently stand down players involved in the pride jersey boycott

    Gay Footy stars, TV icons, TikTok stars… where will this end? I wish we had another week before the match. There are so many others I would like to hear from.

  38. kaysee kaysee says:

    Plans from the Globalist-in-chief

    1/
    Schwab

    So we penetrate the cabinets

    Take a quick scroll through the thread.

    2/
    The Fourth Industrial Revolution

    The Internet of Bodies

    3/
    Kim Iversen

    Digital ID

  39. kaysee kaysee says:

    The word that comes to mind is Sleazy.

    And the gullible are still buying the Putin-bad, Zelensky good, story.

    Ukraine’s Zelensky and Wife Pose for Vogue While Their Country Is Invaded

    Ukraine’s President Volodymyr Zelensky and his wife, First Lady Olena Zelenska, posed for a special digital cover for Vogue magazine while their country continues to be invaded by Russia.

    Zelensky and Zelenska were photographed by famed American photographer Annie Leibovitz for the Vogue digital cover which has been promoted across the fashion magazine’s social media platforms.

  40. kaysee kaysee says:

    Gay Footy stars, TV icons, TikTok stars… where will this end? I wish we had another week before the match. There are so many others I would like to hear from.

    Are there Christian Pacific Islanders (CPIs) in the team playing against Manly?

    If all the CPIs unite on this one issue and refuse to participate in any of the qwerty-related matches, it would be a prideful occasion.

  41. caveman says:

    Street words ,new Manly CEO comes into play on Monday. Things are not what they appear with Des, all but noone have been running the show. Ive heard Penn has given the new CEO carte blanche.
    This is Anthony Mestrov from the Greyhounds.

  42. Boambee John says:

    There were even fears protesters angry at the players’ stance could attempt to enter the ground and harass the seven stars According to the Oz.

    I suspect that the real fear was that the crowd would cheer the seven hold-outs.

  43. mh says:

    A footy star who came out as gay while he was still playing has roasted the Manly players refusing to wear a rainbow pride jersey.

    Roberts, you tool.
    Pride paraphernalia is for those who are GAY.

  44. kaysee kaysee says:

    Wishful thinking ……

    Would you be wishing?

    This Friday’s
    US Mega Millions billion dollar jackpot

    A few people came close to winning it all in Tuesday night’s Mega Millions drawing, but they fell one ball short of cashing in on the massive jackpot. No one won the $830 million payout, and the estimated prize for Friday night’s drawing has grown to over a billion dollars.

    Or?

    Finding this in your backyard

    Big Pink Diamond Discovered in Angola

    A big pink diamond of 170 carats has been discovered in Angola and is claimed to be the largest such gemstone found in 300 years.

    Called the “Lulo Rose,” the diamond was found at the Lulo alluvial diamond mine, the mine’s owner, the Lucapa Diamond Company, announced Wednesday on its website.

  45. mh says:

    Manly captain Daly Cherry-Evans needs to show leadership and get a PRIDE tattoo.

  46. kaysee kaysee says:

    I came across a tweet yesterday, where a Dutch guy tells the BBC to F-off.

    About to post it here, turns out the poster’s account has been suspended. But, it has been saved here on Bitchute.

  47. mh says:

    Are there Christian Pacific Islanders (CPIs) in the team playing against Manly?

    Daniel Tupou
    Joseph Manu
    Joseph Suaalii

  48. mh says:

    Sydney Morning Herald

    MOST VIEWED IN SPORT

    OPINION
    Don’t blame Pacific Island cultures for queer fear. Blame colonisation

    Andrew Johns: Manly can’t win – and there will be unrest

    Maria Folau labels NRL, V’landys ‘hypocrites’ over Manly jersey controversy

    Stay away: Manly players boycotting over rainbow jersey won’t attend match

    ‘We’ve talked about it’: Robinson says Roosters would wear pride jersey

    ‘One of the greatest speeches’: Hasler delivers mea culpa to end them all

  49. kaysee kaysee says:

    Don’t blame Pacific Island cultures for queer fear. Blame colonisation

    I’m checking into my background – it must be Pasifika.
    Full of fear for the queer. Can’t be any other reason.


    From a wider community perspective, we may view Pasifika cultures as being homophobic — full of fear for the queer. But this was taught to us by white, Western attitudes brought with colonisation.

  50. Steve trickler says:

    The next Bilderberg conference should be carpet bombed with B-52’s.

  51. Steve trickler says:

    Reverend Simon Sideways:

    Seems all the Conservative party could muster was these two. It’s a sad indictment.

    Pillock or Prick the agony of choice

  52. Steve trickler says:

    China Fact Chasers:

    Will China’s zero covid madness ever end?

    Covid Testing in China is Insane!

  53. kaysee kaysee says:

    Country Liberal Party Senator Jacinta Price doubles down on addressing pointless virtue signalling and divisiveness

    1/
    Senator Jacinta Nampijinpa Price’s First Speech

    2/
    Warren Mundine

    I heard the greatest speech in Parliament I’ve been waiting for all my life. The speaker? Senator Jacinta Nampijinpa Price #auspol Get a copy of it.

    3/Senator Jacinta Price has defended the actions of Pauline Hanson

    Senator Price leapt to the defence of Senator Hanson on Thursday as she doubled down on her criticism of “symbolism” and argued the ceremonies became excessive.

    “While I understand the need for acknowledgment is important, we’ve just been absolutely saturated with it,” she told 2GB’s Ben Fordham.

    “It’s getting to the point where it’s actually removing the sacredness of traditional culture and practices. It’s become almost like a throw-away line.”

  54. Steve trickler says:

    It is a shame Bald can no longer visit her again. He’s been banned from Belarus. He told .Gov to f*ck off.

    ***********

    Return To The Belarus Chernobyl Zone…With Shopping Bags 🇧🇾

  55. mh says:

    Channel 9 have just stated that it’s Women In League round.

    So why are Manly wearing rainbow pride jerseys?

    Are Manly saying all women that play RL are lezzos?

  56. kaysee kaysee says:

    If you didn’t believe that there is a war on in Ukraine, you’ll believe it when you Meet the Zelensky’s on the Piers Morgan movie set.

    There is a war, yes, there is a war.

  57. mh says:

    And meet the focker:

    Ben Stiller meets Volodymyr Zelenskiy on trip to Ukraine: ‘You’re my hero’

    https://www.youtube.com/watch?v=Lq0NTJmNbQY

  58. kaysee kaysee says:

    ˘◡˘

    Break time

    1/
    Karolina Protsenko

    Ob-La-Di, Ob-La-Da

  59. kaysee kaysee says:

    2/

    Talented modeler

    makes miniature dumpster

  60. Steve trickler says:

    Clarification is needed. .Gov Belarus asked him to promote the country.

    Bald: You are corrupt as f*ck! No way will I do that.

    Banned!

  61. Steve trickler says:

    Enjoy the show.

    **********

    Evolution of Traffic (1890s ~ 2020s)

  62. Shy Ted says:

    Nigella’s come all this way for some good home-cooked food. She shoulda come to my place tonight – sausage, egg and chips. 😋 If anyone sees her tell her she can have the leftovers heated up tomorrow.

  63. Black Ball says:

    Manly 6-18 Roosters

  64. mh says:

    Senator Babet
    @senatorbabet
    My first speech is coming up in Canberra next week. I’d like to extend an invitation to the members and supporters of the United Australia Party.

    https://mobile.twitter.com/senatorbabet/status/1552566193785294848/photo/1

  65. Black Ball says:

    Not sure if this has been floated on this site, but here tis:

    ‘A plan to light up the Shrine Of Rememberance for the first time to honour QWERTY servicemen and women had been called inappropriate.
    Rainbow colours will be projected onto the Shrine at dusk this Sunday following a Last Post service in commemoration of the contribution of gay military members.
    The event will mark the opening of the Shrine’s “Defending With Pride” exhibit.’

    FMD

  66. Steve trickler says:

    Nice choice of music, Mister Heller.

    Climate Crisis Wednesday

  67. mh says:

    A woman who claims she was harassed by former Australian Test cricket captain Tim Paine and Tasmanian cricket staff as part of a texting saga is set to face trial over allegations she stole thousands of dollars and memberships from her former employer, Cricket Tasmania.

    Renee Ferguson, who worked as a receptionist for the sporting organisation from 2015 to 2017, appeared in Hobart Magistrates Court on Thursday.

  68. Steve trickler says:

    A bloke walking his dog:

    *******

    Cash!

    Cash 2.0 Great Dane on Main Street in Ventura 2

  69. mh says:

    #foxnews #hannity
    Charles Payne reacts to latest developments in Biden economic crisis

    https://www.youtube.com/watch?v=tDHrkbgI5iU

  70. Steve trickler says:

    If they ban him?

    🤔 The pricks at sussietube are content the channel is shadowed banned.

    *******

    Tony Heller:

    Greenland’s two most famous glaciers are growing, while the press and academia claim the exact opposite.

    Journalism May Never Recover

  71. mh says:

    US in economic recession – now official

    The U.S. economy contracted for the second straight quarter from April to June, hitting a widely accepted rule of thumb for a recession, the Bureau of Economic Analysis reported Thursday.

    Gross domestic product fell 0.9% at an annualized pace for the period, according to the advance estimate. That follows a 1.6% decline in the first quarter and was worse than the Dow Jones estimate for a gain of 0.3%.

  72. Arky says:

    hitting a widely accepted rule of thumb for a recession

    ..
    “rule of thumb”
    Or, what during most of our lifetimes was the actual technical definition of recession.
    For as long as I can remember that WAS the definition.

  73. mh says:

    US officially enters a recession

    FOX Business’ Maria Bartiromo unpacks GDP reports for second quarter and discusses the reality of recession in the U.S. after 0.9% negative economic growth.

    https://www.youtube.com/watch?v=wTl9V_rz9rA

  74. mh says:

    Peter Schiff

    Powell Gets Democrats’ Memo to Redefine Recession – Ep 829

    https://www.youtube.com/watch?v=rZaqv8MZsbw

  75. Steve trickler says:

    If a person decided to launch a “Switch off your smart phone day protest” would probably cop some grief.

    Switch off.

    **********

    Zachary Denman:

    Digital ID | Dystopian Sci-Fi Short Film

  76. JohnJJJ says:

    I wonder what’s next with the Manly Saga. The take away is that if you want to oppose the gay agenda, be a muzlim. Then the stars, Tiktok, TV or otherwise, would be too terrified to say anything. It certainly pays to be a fanatic.

  77. mh says:

    AFR

    The US Commerce Department recorded two consecutive quarters of declining GDP, but most economists would not call it a recession.

    ***

    There is no inflation
    There is some inflation
    Inflation is transitory
    We have reached peak inflation
    There won’t be a recession
    We have recorded two consecutive quarters of declining GDP, but we are not calling it a recession

    FMD

  78. Old bloke says:

    Steve trickler says:
    July 28, 2022 at 7:39 pm

    It is a shame Bald can no longer visit her again. He’s been banned from Belarus. He told .Gov to f*ck off.

    He’s been banned from Ukraine too, saw a recent video where he wanted to revisit someone in Ukraine but was turned back by the border guards.

  79. Ragu says:

    So Manly beat the line (+18.5).

    A cynic might suggest some dodgy bets and playing ability being a bit off for some ka-ching funds for the end of season homoerotic fantasy in Vegas.

    Not me

  80. Ragu says:

    Homoerotic plooking of an industrial strength vacuum cleaner while a mate performs the fountain at a craps table in Wild Bills and subsequent blaming of the carnage on the exports of Los Zetas

  81. mh says:

    Beyond Meat stock falls after conclusion of McDonald’s McPlant test

    McDonald’s said it has concluded the U.S. test of its McPlant burger as planned.

    Analyst research reported lackluster demand for the meatless burger, which is made using Beyond Meat patties.

  82. Steve trickler says:

    We are drowning in potatoes. It is time to cook some chips!

  83. mh says:

    lackluster demand for the meatless burger

    That’s very hard to believe.

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