4 ms·

We're arguably in a recession right now: https://en.wikipedia.org/wiki/COVID-19_recession https://en.wikipedia.org/wiki/COVID-19_recession Companies offering f

We're arguably in a recession right now: https://en.wikipedia.org/wiki/COVID-19_recession https://en.wikipedia.org/wiki/COVID-19_recession Companies offering free services or cheap ownership of things should do well I think, but any company that relies on subscriptions or upgrades would be hit hard.

nightski 5y ago
Usually it's defined as two quarters of negative GDP growth which we haven't seen since the beginning of the pandemic.
- boringg 5y ago
  That's the technical definition - though with our robust demand for labor participation right now we will blow though any technical recession back to growth unless global macroeonomic situation deteriorates heavily
wintermutestwin 5y ago
>any company that relies on subscriptions or upgrades would be hit hard. Fingers crossed that this would reduce the obnoxious trend of pay a sub for locally run SW. I recently looked in to apps that would help my workflow out on MacOS and all the ones that might have helped were leachware.
afpx 5y ago
Why arguably? I thought a recession just had to meet a certain criteria.
- dragonwriter 5y ago
  > I thought a recession just had to meet a certain criteria. (1) the actual criterion is “NBER names it a recession, which usually happens significantly retrospectively, and start and end dates are often adjusted after initial determination.” (2) the casual rule of thumb criteria, which is more objective at the starting end (“a period starting with two consecutive quarters of negative economic growth and ending...sometime later”) can also only be applied significantly retrospectively with regard to the starting point. So, yes, under either standard, whether or not we are currently in a recession is generally an assessment made on the basis of trying to predict the future.

4 ms·

We're arguably in a recession right now: https://en.wikipedia.org/wiki/COVID-19_recession https://en.wikipedia.org/wiki/COVID-19_recession Companies offering f

by theandrewbailey 5y ago

nightski 5y ago
Usually it's defined as two quarters of negative GDP growth which we haven't seen since the beginning of the pandemic.
- boringg 5y ago
  That's the technical definition - though with our robust demand for labor participation right now we will blow though any technical recession back to growth unless global macroeonomic situation deteriorates heavily
wintermutestwin 5y ago
>any company that relies on subscriptions or upgrades would be hit hard. Fingers crossed that this would reduce the obnoxious trend of pay a sub for locally run SW. I recently looked in to apps that would help my workflow out on MacOS and all the ones that might have helped were leachware.
afpx 5y ago
Why arguably? I thought a recession just had to meet a certain criteria.
- dragonwriter 5y ago
  > I thought a recession just had to meet a certain criteria. (1) the actual criterion is “NBER names it a recession, which usually happens significantly retrospectively, and start and end dates are often adjusted after initial determination.” (2) the casual rule of thumb criteria, which is more objective at the starting end (“a period starting with two consecutive quarters of negative economic growth and ending...sometime later”) can also only be applied significantly retrospectively with regard to the starting point. So, yes, under either standard, whether or not we are currently in a recession is generally an assessment made on the basis of trying to predict the future.