☆ Yσɠƚԋσʂ ☆ to news@hexbear.netEnglish · 8 months agoMore than half of US industries are already shedding workers, a 'telling' sign that's accompanied past recessions, top economist saysfortune.comexternal-linkmessage-square13linkfedilinkarrow-up174arrow-down10cross-posted to: us_newsusa@lemmy.ml
arrow-up174arrow-down1external-linkMore than half of US industries are already shedding workers, a 'telling' sign that's accompanied past recessions, top economist saysfortune.com☆ Yσɠƚԋσʂ ☆ to news@hexbear.netEnglish · 8 months agomessage-square13linkfedilinkcross-posted to: us_newsusa@lemmy.ml
minus-squareshallot [she/her]@hexbear.netlinkfedilinkEnglisharrow-up53·8 months ago 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
minus-squareBodyBySisyphus [he/him]@hexbear.netlinkfedilinkEnglisharrow-up18·8 months agoThere 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.
minus-squareFedPosterman5000@hexbear.netlinkfedilinkEnglisharrow-up9·edit-26 months agodeleted by creator
minus-squareFedPosterman5000@hexbear.netlinkfedilinkEnglisharrow-up5·edit-26 months agodeleted by creator
minus-squarePolandIsAStateOfMindlinkfedilinkEnglisharrow-up6·8 months agoGODS I AM STILL STRONG explodes
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