So BNEA320 where is your recession?

[Icarus2001]

This thread is just for BNEA320 to be able to rant and rave about the "coming recession".

In multiple threads over the last few months he/she has continually suggested that Australia is either in a recession or very soon to be. He/she then goes off on a tangent about the falling real estate market which is a whole other issue.

So economic news out today shows that the June quarter growth was 0.8% compared to 0.3% for the March quarter.

GDP: Australia's economic growth picks up on consumer spending, but can the good times last? - ABC News (Australian Broadcasting Corporation) (http://www.abc.net.au/news/2017-09-06/gdp-economic-growth-abs-data-june-quarter-2017/8877618)

So given that a recession is defined as two consecutive quarters of "negative" growth then we are not in recession. We have not had a negative quarter since last year.

https://d3fy651gv2fhd3.cloudfront.net/charts/australia-gdp-growth.png?s=aunagdpc&v=201709060624v

So I thought if we can talk about your claims here BNEA320 then perhaps you can stop the thread drift on other threads about your pet theory of recession?

So when is it due please?

[Chris2303]

Isn't this called "feeding the troll" or is that what I am doing? :-)

[Maggie Island]

Why go through the effort... :/

[blow.n.gasket]

Some suggest,
September 23 in USA,
Which will be September 24 where you are in Australia.
Gann cycle traders planning on any time from now until 2020.

[pilotchute]

Maybe he can talk about the fact that the RBA hasn't lifted rates because wage growth is non existent. This is because we are still taking some 230,000 migrants a year we don't really need. This is putting huge pressure on house prices.

Its not foreign property buyers or negative gearing, it's taking 230,000 migrants a year when we should be taking 70,000.

[tail wheel]

You made your point. We will now move on......... :*