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.
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.