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The stock market is not the economy but GDP in the US printed negative the other week. If it does the same next quarter, we're in a recession.
by missedthecue 4y ago
The stock market is not the economy but GDP in the US printed negative the other week. If it does the same next quarter, we're in a recession.
- vmception 4y agoThink of it like a bad metric thats better than other metrics
- lordnacho 4y agoBut it's a self reinforcing story. The two quarters idea is strong, if it happens all the papers will declare a recession and everyone who doesn't normally keep an eye on the economy will think it's a recession. Some of those will be managers who will decide to cut spending.