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What a mess this comments section is. Something to keep in mind is that many of the folks who read hn are in tech. You're less likely to feel the immediate eff
by AlwaysRock 4y ago
What a mess this comments section is.
Something to keep in mind is that many of the folks who read hn are in tech. You're less likely to feel the immediate effects of a recession (job loss, inflation) than folks who are in other, lower demand and job security, fields.
It doesnt FEEL like a recession to me but neither did 2008. That was a problem other people were having.
- koheripbal 4y agoRecession has always had a very specific and widely accepted definition in the financial academia - referenced in literally hundreds of academic papers. In my 25 years in finance, I've never even heard anyone debate the definition of recession. Even today, in finance and despite all the Twitter drama, no one I know in the field debates that we're in a recession. The only debate is on social media with some spillover into low quality media. I listen to the experts when it comes to climate change, vaccines, evolution, the curvature of the Earth... but somehow when it comes to finance, no one on social media wants to listen to the experts in the field. Nobel prizes, lifetimes of academia, respected leaders in the field - they all must be liars because some Twitter personality and a Wikipedia mob tell me different. We need better reputation systems.