markets are conflating recession with stagflation
It’s only a recession if it comes from the recession region of France, what we’re seeing here is just sparkling stagflation
There are qualitative differences because definitionally a feature of a recession is deflation due to a drop in demand. Stagflation is a “not enough people have run out of savings and available credit yet” recession.
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GODS I AM STILL STRONG explodes
So glad to have an economy that crashes every ten years, definitely The Best System We’ve Got.
It’s only been five years this time, but at least Covid had the perk of increased labor need afterwards, I got a $3/hr raise twice within a year by job hopping until I found something I liked.
Another day another recession we will never truly recover from.
I dunno guys, I don’t think porky can be trusted to run an economy. Maybe have actual economists control the levers?
Give control to the math nerds? Sounds lame as fuck. /s
top economists say that less jobs = bad economy
wow these guys are freakin geniuses omg thats crazzy bro thank goodness we have these idiot tea leaf readers
Well, in principle there can be full employment that is terrible for the economy. Imagine everyone working at Walmart, but not actually earning enough to buy enough food to survive.
But in general you’re right, people not having jobs is shit.
Think the housing pricing will crash this time?
Not as long as funds like blackrock keep gobbling it up.
