Comment on Tipping culture npcs

EmperorHenry@discuss.tchncs.de ⁨9⁩ ⁨months⁩ ago

• superduperenigma@lemmy.world ⁨9⁩ ⁨months⁩ ago

  “No need to worry, citizen! We have once again successfully avoided a recession by changing how a recession is defined!”

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  • DragonTypeWyvern@literature.cafe ⁨9⁩ ⁨months⁩ ago

    How can it be a recession when the .01% is richer than ever before?

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  • EmperorHenry@discuss.tchncs.de ⁨9⁩ ⁨months⁩ ago

    Pretty much.

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  • someacnt_@lemmy.world ⁨8⁩ ⁨months⁩ ago

    Well, are we in a recession? Because it does not seem like it for many people, not just 1%.

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• kautau@lemmy.world ⁨9⁩ ⁨months⁩ ago

  What do you mean? Corporate profits are higher than they’ve ever been!

  /s in case that wasn’t obvious

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• Pilon23@feddit.dk ⁨9⁩ ⁨months⁩ ago

  Planet earth’s been on the verge of a recession since 4bya. Various economists have been able to predict a recession every year since the term was invented. Stay safe

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  • superduperenigma@lemmy.world ⁨9⁩ ⁨months⁩ ago

    Michael Burry has successfully predicted 92 of the last 3 recessions.

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• FeelzGoodMan420@eviltoast.org ⁨9⁩ ⁨months⁩ ago

  I like how i said the same thing but got downvoted lol. What is the matter with this place?

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• PatMustard@feddit.uk ⁨9⁩ ⁨months⁩ ago

  Recession has a specific definition. Unless you’ve had however many quarters of negative growth or bad GDP or however the fuck economists define it then you’re not in recession.

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  • dangblingus@lemmy.dbzer0.com ⁨9⁩ ⁨months⁩ ago

    They’ve changed the definition of recession like 5 times in the past 3 years. We’ve had numerous consecutive quarters with negative GDP growth.

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    • PatMustard@feddit.uk ⁨9⁩ ⁨months⁩ ago

      Based on my quick search I’m assuming by “they” you mean the NBER and by “we” you mean the USA? It seems the rest of us have agreed on the definition being 2 quarters.

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