4 ms·
> What I find pathetic is that saying we are in a recession is now a political stance. This is such a weird information play. Recessions are defined after the
by RC_ITR 4y ago
> What I find pathetic is that saying we are in a recession is now a political stance.
This is such a weird information play. Recessions are defined after the fact by NBER. Always have. Always will be. There’s no set criteria.
Informally people cite the two quarters rule, but 2/5 past recessions (2000 and 2020) don’t follow that rule.
No one wants to communicate that nuance so we get mass confusion.
Sad to see that confusion even exists in HN.
What’s actually concerning to me is exactly that: every nuanced discussion in politics is now some gotcha where a reporter asks “yes or no” to a question that has a detailed answer.