cyrano@lemmy.dbzer0.com to Europe@feddit.orgEnglish · 2 years agoUS stocks shed $5.4tn in two days as Trump’s tariffs stoke recession fearswww.ft.comexternal-linkmessage-square27linkfedilinkarrow-up1174arrow-down12file-text
arrow-up1172arrow-down1external-linkUS stocks shed $5.4tn in two days as Trump’s tariffs stoke recession fearswww.ft.comcyrano@lemmy.dbzer0.com to Europe@feddit.orgEnglish · 2 years agomessage-square27linkfedilinkfile-text
minus-squareNojustice@lemmy.mllinkfedilinkEnglisharrow-up7·2 years 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-squareMrMakabar@slrpnk.netlinkfedilinkEnglisharrow-up6·2 years agoThe economy is growing, but the wealth of the rich is growing faster. That obviously means the poor get poorer…
minus-squarecyrano@lemmy.dbzer0.comOPlinkfedilinkEnglisharrow-up3·2 years agoAnd the gfc, and the post covid pre recession preparation. Agreed. 👍
minus-squareLowtierComputer@lemmy.worldlinkfedilinkEnglisharrow-up1·2 years agoBut the millionaires and billionaires made so much money!!;
minus-squareshalafi@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·2 years 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.
The economy is growing, but the wealth of the rich is growing faster. That obviously means the poor get poorer…
And the gfc, and the post covid pre recession preparation. Agreed. 👍
But the millionaires and billionaires made so much money!!;
That can be a blip, or turn into major shit. But feels don’t count here. The definition is prolonged economic downturn.