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Joined 2 years ago
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Cake day: August 17th, 2023

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  • To be frank,

    Constructive criticism has not been well received by anyone lately as apparently everyone just sees it as flat criticism and with the rise of internet echo chambers for every group, criticism in any form immediately points you as an other to be ignored.
    People of all walks only want to hear what is convenient and self confirming.

    And also, people are not ubermensch and do not just have a working plan that perfectly replaces this one the same way this one is ineffective. It will take conversation and community to figure out what works. No one can plan or act alone.



  • I guess that is fair. I’m just not that against it when people think it feels like a recession to them. The brunt of this soft landing is not even. It really does feel like it for a lot of lower class people being laid off or struggling to find work. I know of whole warehouses that have closed up in the last year or 2.

    So for them… They are in a recession. My point is that it’s a term that has no solid definition. It’s truly arbitrary to the person who is making the claim and on a global level it might not be happening but in smaller sectors it feels like hell.

    But that person did say that they changed the definition when it really just doesn’t have one other than agreed idea of what it should look like. And based on what we all classically think of as a recession this ain’t it. And thinking it’s a conspiracy against us and not just wealth classes being completely unsynced is a bit silly, even if I want them to use their voice to complain.


  • Expecting everything to be the same is silly. History rhymes, not repeats, so whatever this period could be called is hard to say. But consumer spending is down. Sorta. People are spending less now but the market now is back to “stable”. There is over employment from income not raising to match inflation so it’s like people got pay cuts. Industries are also rapidly declaring bankruptcy.

    It’s weird now. Sorta like a Frankenstein recession one that is not and is still shambling but seems to be held together by stitches and random corpses thrown together.

    This period will definitely be talked about in economics because it’s certainly something new that couldn’t have existed before without the very global economy. Maybe it will turn more traditional or go back to normal but it’s definitely not a full well and fine economy at the moment.


  • But even in academic circles it is an arbitrary definition that is usually agreed upon by consensus. It’s holistic, not a firm science and it’s like that because economics is not actually about actual mathematics but is about humanity studies and trying to predict the emotional feelings of people with money to spend. There is statistical stuff you can use to help but a farmer in 1875 has done better on predicting markets than most modern degree holders.