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People have been saying a recession is 1-2 years away since 2012. Statistically, it's getting more likely this 1-2 year recession pans out with each passing yea
by onlyrealcuzzo 7y ago
People have been saying a recession is 1-2 years away since 2012. Statistically, it's getting more likely this 1-2 year recession pans out with each passing year. But no one has a crystal ball.
- tryptophan 7y agoNo, statistically it's irrelevant. This is the the reverse gamblers fallacy. A lack of bad events does not make them more likely.
- krrrh 7y agoEconomies don’t follow a random path with each year like the a ball with each spin of a roulette wheel. A driver of business cycles is accumulated malinvestment and suboptimal policy. Another way to look at it is that a gambler can’t do anything to affect the roulette wheel, but a recession can be brought about or deepened by all sorts of human action.