@[email protected] to [email protected]English • edit-21 month agoUS stocks shed $5.4tn in two days as Trump’s tariffs stoke recession fearswww.ft.comexternal-linkmessage-square27fedilinkarrow-up1166cross-posted to: [email protected]
arrow-up1166external-linkUS stocks shed $5.4tn in two days as Trump’s tariffs stoke recession fearswww.ft.com@[email protected] to [email protected]English • edit-21 month agomessage-square27fedilinkcross-posted to: [email protected]
minus-square@[email protected]linkfedilinkEnglish7•1 month 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]OPlinkfedilinkEnglish3•1 month agoAnd the gfc, and the post covid pre recession preparation. Agreed. 👍
minus-square@[email protected]linkfedilinkEnglish1•1 month agoBut the millionaires and billionaires made so much money!!;
minus-square@[email protected]linkfedilinkEnglish6•1 month agoThe economy is growing, but the wealth of the rich is growing faster. That obviously means the poor get poorer…
minus-square@[email protected]linkfedilinkEnglish1•1 month 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.
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.
And the gfc, and the post covid pre recession preparation. Agreed. 👍
But the millionaires and billionaires made so much money!!;
The economy is growing, but the wealth of the rich is growing faster. That obviously means the poor get poorer…
That can be a blip, or turn into major shit. But feels don’t count here. The definition is prolonged economic downturn.