@[email protected] to [email protected]English • edit-23 days agoUS stocks shed $5.4tn in two days as Trump’s tariffs stoke recession fearswww.ft.comexternal-linkmessage-square23fedilinkarrow-up11arrow-down10file-textcross-posted to: [email protected]
arrow-up11arrow-down1external-linkUS stocks shed $5.4tn in two days as Trump’s tariffs stoke recession fearswww.ft.com@[email protected] to [email protected]English • edit-23 days agomessage-square23fedilinkfile-textcross-posted to: [email protected]
minus-square@[email protected]linkfedilinkEnglish0•2 days agoI’m so tired of hearing “recession fears”. We’ve been getting ass fucked since COVID. I don’t see how that’s not a recession.
minus-square@[email protected]linkfedilinkEnglish0•2 days ago two consecutive quarters of negative GDP growth is a common rule of thumb That can be a blip, or turn into major shit. But feels don’t count here. The definition is prolonged economic downturn.
minus-square@[email protected]linkfedilinkEnglish0•2 days agoThe economy is growing, but the wealth of the rich is growing faster. That obviously means the poor get poorer…
minus-square@[email protected]OPlinkfedilinkEnglish0•2 days agoAnd the gfc, and the post covid pre recession preparation. Agreed. 👍
I’m so tired of hearing “recession fears”. We’ve been getting ass fucked since COVID. I don’t see how that’s not a recession.
That can be a blip, or turn into major shit. But feels don’t count here. The definition is prolonged economic downturn.
The economy is growing, but the wealth of the rich is growing faster. That obviously means the poor get poorer…
And the gfc, and the post covid pre recession preparation. Agreed. 👍