• Pons_Aelius@kbin.social
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    1 year ago

    Economists have predicted 20 of the last 5 recessions…

    Economics is great at explaining why something happened or what may happen in the future but complete shit at predicting when something will happen.

    For a decade in the run up to the 2008 housing crash everyone was saying it was just around the corner but they were wrong for 9 of the 10 years.

    If every year you predict the world will end or the market will crash, eventually you will be correct…

  • Melkath@kbin.social
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    1 year ago

    All of the people who can still afford food and housing forgetting that the world doesn’t revolve around them and that the world is in the midst of a depression…

    Not Bidens fault mind you. It’s just another global systemic failure to add to the list.

          • Melkath@kbin.social
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            1 year ago

            I feel like it successfully sidestepped a long winded and unproductive exercise of flinging rhetoric at eachother while not conceeding the point I was trying to make… so I agree.

            Thanks!

            • PapaStevesy@midwest.social
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              1 year ago

              I see we have different definitions of the word “successfully”. I wonder what other words we define so differently.

              • Melkath@kbin.social
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                1 year ago

                You probably call progressive liberal.

                It literally means conservative running as democrat.

                • PapaStevesy@midwest.social
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                  1 year ago

                  Of all the words in your comment, your use of “literally” is by far the most egregious. Even if I had a political opinion on it, the rest is too ambiguously written to mean anything to me.

            • Zetta@mander.xyz
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              1 year ago

              There is a technical definition of what a recession is, we did not enter a recession within one year of the article being posted.

              • Melkath@kbin.social
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                1 year ago

                If you can’t feel the global depression, either you are still that sweet summer child, or you have too much faith in the boot you lick.