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Comment by hypfer

12 hours ago

> We have people telling us the next recession being imminent all the time.

Yeah uhm so I'm not sure if you've like seen the world recently, but uh.

Yea

18 comments

hypfer

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thegrim33  12 hours ago

S&P 500 - All time high

DJIA - All time high

Unemployment rate - Near all time low (for last 20 years)

Number of US small businesses - All time high

US GDP - All time high

[Sources]

https://www.bls.gov/charts/employment-situation/civilian-une...

https://www.sellerscommerce.com/blog/small-business-statisti...

https://fred.stlouisfed.org/series/GDP

  • mixmastamyk  12 hours ago

    They haven’t allowed a recession to happen since ~2009 when they massively inflated their way out of the worst of the last one. Learned to have the cake and eat it too.

    The only problem is after a few rounds of this the currency becomes worthless, and we’re well on our way. Inflation is a major component of those numbers rising.

    • LogicFailsMe  11 hours ago

      And that's when we pay off the national debt for pennies on the worthless dollar. The pro move would be to stop lending the US money, but that's not going to happen.

      1 reply →

  • hypfer  12 hours ago

    I mean I wish you a lot of fun playing this discussion game online, but I kinda fail to see the point of it.

    Someone could now of course say "hey, but are your sure that these are really the metrics we should be looking at?", which could then be countered with a "well of course! This is how one measures a recession, no?"

    And that could go on forever, achieving absolutely nothing.

  • goatlover  7 hours ago

    And yet with all that, Democrats are likely to retake the US Congress because a majority of Americans are experiencing an affordability crisis.

    • joering2  5 hours ago

      Yet with all what? AI stock pushing indexes high and US stock market being cheap because dollar lost 30% of volume in last few years so the whole world is trying to profit from short ride? Record low unemployment because gas and groceries are so expensive most people work 2 or 3 jobs just not to end up homeless? Democrats are going to retake because ballroom and gold arch does not affect gas or grocery price. They will retake because Republicans proved they are extremely soft on corruption. Not only they allow POTUS & Fam. steal billions from taxpayers, they are not stopping it and some even profit themselves. Dems will retake because we have a dangerous version of plutocracy mixed with socialism, where one person on the top (POTUS) unilaterally decides that US Government will take a free chunk out of Intel, or that 20 billion of taxpayers money will go to help Argentina or Brazil or Japan. That's why.

gryfft  12 hours ago

I believe the saying goes:

  Markets can remain irrational longer than you can remain solvent.

  • hajile  10 hours ago

    The markets may not be claiming a recession, but the real world certainly is.

    • jongjong  10 hours ago

      I feel like I've been in a recession economy since the day I entered the workforce 14 years ago. The movement of the stock market has had no effect on my reality. It's like two different universes inhabited by two different sets of people.

      IMO, all the narratives we were exposed to around privilege before and after COVID were a cover up of this fact that we have a two-class system which is explicitly creating this condition. The issue is at the system design level and goes far beyond "technology putting people out of a job". The privilege narrative was classic communist-style "accuse your enemy of what you're doing yourself." It was literally the privileged few preemptively accusing the unprivileged masses of being unfairly privileged in order to take control that narrative before it was used on them.