Dismal's Smacks

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Recession Alert! According to the Bureau of Economic Analysis, Real gross domestic product (GDP) decreased at an annual rate of 0.6 percent in the second quarter of 2022. In the first quarter, real GDP decreased 1.6 percent

Source The decrease in real GDP in the second quarter of 2022 occurred amid continued inflation, low unemployment, ongoing supply-chain challenges, and rising interest rates. The economic effects of these factors cannot be quantified in the GDP estimate for the second quarter, because the impacts are generally embedded in source

Inflation Alert! The Bank of Japan said on Thursday it would conduct emergency bond buying operations to contain rising yields. The BOJ offered to buy 100 billion yen ($666.98 million) of JGBs with maturities of 10-20 years. ($1 = 149.9300 yen)

Source: https://financialpost.com/pmn/business-pmn/bank-of-japan-to-conduct-emergency-bond-buying Reddit Post

Federal Reserve Alert! Fed's Evans: “Continued increases in the funds rate along the lines of our September SEP could lead to a economic outlook where we’re going to see below-trend growth--we’ll be challenged in that regard...

Federal Reserve Alert! Fed's Evans: “Continued increases in the funds rate along the lines of our September SEP could lead to a economic outlook where we’re going to see below-trend growth--we’ll be challenged in that regard--we’ll see the unemployment rate go up, but I think

Federal Reserve Alert! Beige Book - October 19, 2022: Four Districts noted flat activity and two cited declines, with slowing or weak demand attributed to higher interest rates, inflation, and supply disruptions.

Federal Reserve Alert! Beige Book - October 19, 2022: Four Districts noted flat activity and two cited declines, with slowing or weak demand attributed to higher interest rates, inflation, and supply disruptions. Outlooks grew more pessimistic amidst growing concerns about weakening demand. Source: https://www.federalreserve.gov/monetarypolicy/files/BeigeBook_

Office of Inspector General Alert! The Inspector General’s Statement on the SEC’s Management and Performance Challenges, October 2022. For FY 2021 the agency's information security program did not meet accepted reporting metrics' definition of "effective"

Source As we begin fiscal year 2023, we again identified the following as areas where the SEC faces management and performance challenges to varying degrees: Meeting Regulatory Oversight Responsibilities Protecting Systems and Data Improving Contract Management Ensuring Effective Human Capital Management We met with managers from the SEC’s divisions

Federal Reserve Alert! Atlanta Fed chief Raphael Bostic (who is under investigation after saying he broke trading, investing rules) in speech on inflation: “Even though there may be some short-run pain, it should lead to long-run significant gain,”

Source Reddit Post

Inflation Alert! New report highlights survey data that shows that child care prices outpaced inflation in 2021 for the third consecutive year.

Inflation Alert! New report highlights survey data that shows that child care prices outpaced inflation in 2021 for the third consecutive year. In 2021, the average annual inflation rate was higher than usual at 4.7%, but child care prices rose by an average of 5% when compared to 2020