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I just got laid off by my employer last week. Just remember, we're not in a recession.

• jcadam 4y ago
  That was sarcasm, downvoter.
  • rvz 4y ago
    I didn't downvote, but reading your comment reminded me of the denials some have made about a 'recession' and finding more excuses to deny and wait for the official 'figures'. By the time they are released, it is too late. I still stand by what I said about already being in a recession months ago since November, in this classic comment: [0] but then one said: "No. That is completely false. We are most certainly not in a recession. Nor did one start in November. You can check the Fed data here and verify you claim is false" "The economy is considered to have entered into a recession if it experiences a decline in GDP for two consecutive quarters. And that has not happened." Now that in [1] the US GDP fell again in the 2nd quarter, the top comment in [1] (and many others) mostly all talking about a recession. So those in [1] still waiting for the official figures by the Fed, NBER, etc which those are lagging indicators to tell them it is too late? I don't think businesses would like the sound of that. Really unsurprising, that all of this is happening. The time to prepare was November. [0] https://news.ycombinator.com/item?id=31441710 https://news.ycombinator.com/item?id=31441710 [1] https://news.ycombinator.com/item?id=32263444 https://news.ycombinator.com/item?id=32263444
    • deleted 4y ago
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