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It might be! Or it might be the seventh recession predicted out of the last three. Nobody's going to know until later, so is this kind of veiled, content-free f
by eropple 3y ago
It might be! Or it might be the seventh recession predicted out of the last three. Nobody's going to know until later, so is this kind of veiled, content-free foreboding actually like...useful?
- Texasian 3y agoHaving dealt with this person at a former employer: No.
- AndrewKemendo 3y agoDepends on how interested you are in discussion. The best way to get a good answer on the internet is to make a false claim. The second best is to ennervate debate with something. The point I’m making is that these kinds of macro economics statistics almost never actually reflect on the ground understanding of day to day life and even rarer give any meaningful insight. Usually, however, they give a false sense of hope about the actual state of things if you go out into the market, and you look at savings rate that the Fed publishes, if you look at decreasing equity, because people are cashing out with no ability to put back into equity then a clearer picture forms. As I said elsewhere, all the long-term data shows that we are eating our seed corn