cyrano@lemmy.dbzer0.com to Europe@feddit.orgEnglish · edit-22 months agoUS stocks shed $5.4tn in two days as Trump’s tariffs stoke recession fearswww.ft.comexternal-linkmessage-square27fedilinkarrow-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 · edit-22 months agomessage-square27fedilinkfile-text
minus-squareNojustice@lemmy.mllinkfedilinkEnglisharrow-up7·2 months 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 months 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 months agoAnd the gfc, and the post covid pre recession preparation. Agreed. 👍
minus-squareLowtierComputer@lemmy.worldlinkfedilinkEnglisharrow-up1·2 months agoBut the millionaires and billionaires made so much money!!;
minus-squareshalafi@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·2 months 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.