I’ve read a good amount about this, and while by traditional measures there isn’t technically a recession, many real‑world signs make it feel like one. What do we think? I don’t think this breaks the 6 rule, it’s an economic question.
I’ve read a good amount about this, and while by traditional measures there isn’t technically a recession, many real‑world signs make it feel like one. What do we think? I don’t think this breaks the 6 rule, it’s an economic question.
People around me have been saying it feels like the start of a depression, not just recession. Are those different?
The 2008 recession saw a GDP contraction of 4.3%. The Great Depression was 29%.
People are saying “depression” because we’re facing many of the same issues as in October, 1929.
We are in deep shit. AI investment is the only thing keeping the economic numbers looking good, and that bubble is going to pop far harder than the dotcom crash. 7 companies hold 40% of the stock market’s value (or is it S&P 500?) and everyone of them is all in on AI.
I expect a series of mini crashes where they halt trading to stave off panic. No idea how that plays IRL though, may be very wrong.
a recession means you might lose your job
a depression means you might lose everything
unless you own it, it can be taken from you in both scenarios.
When you say it like that and I think of my generation and younger that is stuck renting and student loans… maybe I don’t actually own much of anything and if this pattern continues for a long time I could lose everything? I wonder how many more are like me in the same boat. But yeah, for now, it’s not that severe. Thanks for the perspective and help.
https://www.investopedia.com/terms/d/depression.asp