4 ms·

if we were in a recession maybe this would make sense but I've been told we're not so this is completely baffling

ARandomerDude 4y ago
Silence, pleb! Don't question the authorities.
exogeny 4y ago
I don’t think it’s particularly baffling to believe that potentially winning $600mm is attractive to a lot of people in a country where the top 1% control 15x the wealth as the bottom 50% in sum and where wages have stagnated to such a large degree.
- jshzglr 4y ago
  Right because 600m wouldn’t be attractive elsewhere.
- elefanten 4y ago
  Gp is referencing US political slap fights from the last week (Biden admin declaring US is not in recession). It’s a joke comment.
  - adamrezich 4y ago
    in the words of a wise man, "not a joke"—I truly thought we were in a recession, but the updated definitions and Wikipedia article lock proved me wrong!
    - lesuorac 4y ago
      Recession is one of those words like Abortion where everybody has their own definition. The US officially [1] goes by what NBER says and NBER doesn't call recessions/etc until several quarters after it starts. So any talk right now is speculation and you may speculate correctly but you might not. [1]: https://www.bea.gov/help/glossary/recession https://www.bea.gov/help/glossary/recession
      - adamrezich 4y ago
        I didn't realize the definition of "abortion" was up for debate, I thought merely the parameters defining when it should or shouldn't be allowed were.
lern_too_spel 4y ago
The Q2 GDP estimate came out on Thursday. Nobody said we weren't in a recession following that, only that the current economy is not like past recessions. If you try following the news, you might be less confused.
- noonesays 4y ago
  > Nobody said we weren't in a recession following that https://www.cnbc.com/2022/07/29/white-house-goes-on-offense-to-argue-that-the-us-is-not-in-a-recession-.html https://www.cnbc.com/2022/07/29/white-house-goes-on-offense-... https://en.wikipedia.org/wiki/Gaslighting https://en.wikipedia.org/wiki/Gaslighting
  - lern_too_spel 4y ago
    They said that there are reasons NBER might not call it a recession when they make their determination. They did not directly say that we aren't in a recession, by the two quarter rule or otherwise.

Silence, pleb! Don't question the authorities.

I don’t think it’s particularly baffling to believe that potentially winning $600mm is attractive to a lot of people in a country where the top 1% control 15x the wealth as the bottom 50% in sum and where wages have stagnated to such a large degree.

jshzglr 4y ago
Right because 600m wouldn’t be attractive elsewhere.
elefanten 4y ago
Gp is referencing US political slap fights from the last week (Biden admin declaring US is not in recession). It’s a joke comment.
- adamrezich 4y ago
  in the words of a wise man, "not a joke"—I truly thought we were in a recession, but the updated definitions and Wikipedia article lock proved me wrong!
  - lesuorac 4y ago
    Recession is one of those words like Abortion where everybody has their own definition. The US officially [1] goes by what NBER says and NBER doesn't call recessions/etc until several quarters after it starts. So any talk right now is speculation and you may speculate correctly but you might not. [1]: https://www.bea.gov/help/glossary/recession https://www.bea.gov/help/glossary/recession
    - adamrezich 4y ago
      I didn't realize the definition of "abortion" was up for debate, I thought merely the parameters defining when it should or shouldn't be allowed were.

lern_too_spel 4y ago

The Q2 GDP estimate came out on Thursday. Nobody said we weren't in a recession following that, only that the current economy is not like past recessions. If you try following the news, you might be less confused.

noonesays 4y ago
> Nobody said we weren't in a recession following that https://www.cnbc.com/2022/07/29/white-house-goes-on-offense-to-argue-that-the-us-is-not-in-a-recession-.html https://www.cnbc.com/2022/07/29/white-house-goes-on-offense-... https://en.wikipedia.org/wiki/Gaslighting https://en.wikipedia.org/wiki/Gaslighting
- lern_too_spel 4y ago
  They said that there are reasons NBER might not call it a recession when they make their determination. They did not directly say that we aren't in a recession, by the two quarter rule or otherwise.