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☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to US News@lemmygrad.mlEnglish ·
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1 year ago

Turns out that recent economic history shows that there's direct correlation between the number of articles promising a soft landing and a severe economic downturn.

lemmygrad.ml

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Turns out that recent economic history shows that there's direct correlation between the number of articles promising a soft landing and a severe economic downturn.

lemmygrad.ml

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to US News@lemmygrad.mlEnglish ·
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1 year ago
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source https://www.bloomberg.com/news/newsletters/2023-10-02/global-economy-latest-bloomberg-economics-expects-a-recession

archived https://archive.ph/uVMEE

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  • JohnBrownsBussy2 [she/her, they/them]@hexbear.net
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    1 year ago

    Wow, they discovered the copium index.

    • culpritus [any]@hexbear.net
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      1 year ago

      hastily incorporating this into the high speed trading algorithm to run automated shorts

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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      1 year ago

  • ☭ Comrade Pup Ivy 🇨🇺@lemmygrad.ml
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    1 year ago

    I mean its bold to say we are not currently in a recession at the moment

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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      1 year ago

      I suspect the fact that the media keeps trying to pretend that a recession isn’t happening is driving a lot of public anger right now. People can see that their pay doesn’t go as far as it used to, but the media is like whom are you gonna believe me or your lying eyes.

      • ☭ Comrade Pup Ivy 🇨🇺@lemmygrad.ml
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        1 year ago

        I genuinely cannot tell if this is genius on the side of the media, or Hubris on the side of the media?

        • FuckyWucky [none/use name]@hexbear.net
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          1 year ago

          they don’t want to scare the markets. if they all say the economy is doing bad, the markets will react negatively which is bad for stonks.

          it doesnt even have to be a human reading it and going ‘shit i should sell’. there are bots which scrape business news sites and do sentiment analysis to check if a news is positive or negative.

    • Beat_da_Rich@lemmygrad.ml
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      1 year ago

      Americans on average are poorer than they were during the Great Depression. The only reason this awful economy is not considered a depression is because of capitalist propaganda. It’s all just being held up by “vibes.”

      • ☭ Comrade Pup Ivy 🇨🇺@lemmygrad.ml
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        1 year ago

        I mean wealth disparity is worse than right before the french revolution, and working conditions are also worse,

        I guess what I am saying is the heads of the rich should roll, and their blood should water the feilds

  • TeezyZeezy@lemmygrad.ml
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    1 year ago

    Shut the fuck up tankie the green line is up

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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      1 year ago

      😄

  • anicius@lemmygrad.ml
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    1 year ago

    Wow it even correlates with smaller capital crises that aren’t significant enough to be recessions (1994, 2012, 2018).

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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      1 year ago

      looks like it’s a pretty solid indicator

  • redtea@lemmygrad.ml
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    1 year ago

    Calling all Lemmygradders and Hexbears, you know what to do. Get out there and be optimistic. Things have never been better!

  • frightful_hobgoblin@lemmy.ml
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    1 year ago

    lol

  • pinguinu [any]@lemmygrad.ml
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    1 year ago

    Tell me lies, tell me sweet little lies

  • redline@lemmygrad.ml
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    1 year ago

    alright everyone here we go, hold on tight

  • BovineUniversity [they/them]@hexbear.net
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    1 year ago

    That’s honestly really fucking funny

  • Exocrinous@lemm.ee
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    1 year ago

    I really hope this means house prices will crash

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