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The most worrying thing is that the media machine seems to want this recession to happen. It's madness. It's like they want to destroy the world's economy for
by blhack 7y ago
The most worrying thing is that the media machine seems to want this recession to happen. It's madness. It's like they want to destroy the world's economy for their own short-term click metrics.
- sjg007 7y agoIt was the same way in 2012.. 2009.. it's always been this way. A recession is two quarters of negative GDP. What you really are concerned about is a depression. I don't see that happening in any shape or form.
- n0t-satoshi 7y agoRecessions aren't due to how people feel. It's the freezing and culling of debt.
- zxcmx 7y agoYou stated that rather authoritatively but I'm not convinced there's any real consensus on the matter. After all, why do people freeze / cull debt?
- raducu 7y agoBecause in non-negative interest world there's a limit on how much debt you can take?
- zxcmx 7y agoI agree! But a person or business choosing whether to take on more debt is going to rely on just the cold calculus of income and outgoings? I believe that how take into account how secure they feel in their job, whether everyone else seems to be panicking about the economy, housing fomo, etc.