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>given that the long-prophesied US recession remains stubbornly absent by any normal metrics, people just make up new ones to claim that there is a recession.
by itsoktocry 2y ago
>given that the long-prophesied US recession remains stubbornly absent by any normal metrics, people just make up new ones to claim that there is a recession.
So are you of the mind that we'll never see a recession again, or...?
The point is prediction. Once the "normal metrics" are in the tank (because they are lagging indicators), we are already in recession.
- rsynnott 2y agoNo, of course there'll be more recessions. But the 2021/22/23/24-really-this-time-we-promise one seems to have become a particular obsession of the media, and over the last few years we've seen increasingly weird metrics deployed to claim that actually it's happening right now.
- laidoffamazon 2y agoWe had a recession 4 years ago. Growth is good, consumers are spending, and unemployment is at a ~50 year low.