‘ Behind the rhetoric, the reality is that recessions are a normal part of American economic life. The U.S. has had one, on average, every 6½ years since 1945.
And in the present case, most professional economists think any downturn now is likely to be relatively mild, with a fairly quick recovery.’
Why do they occur periodically? Government intervention in the economy perhaps?
Are these the same ‘professional economists’ who said there would be no inflation, and then when there was said it would be small and short-lived?
In the present case… speaking of ‘normal’ - recessions ‘normally’ are caused by a drop in demand in an over-supplied economy with high employment, forcing a contraction in supply, reduced economic output and shedding of jobs.
A recession after a near two year forced shut down of the economy, $4 trillion money from thin air dumped into the economy, increasing demand in an under-supplied economy and a large cohort of the labour force gone AWOL, seems to me to be unique, not ‘normal’.
Like appropos of nothing, but is Joe Biden looking like he has had some unfortunate plastic surgery in the near past? His eyes look weird and his jaw unnaturally stretched. Is it just me?
Hmmmmmm….I know he had hair plugs years ago and his face does look like he has had some work done. However, if I have to study him closely, I might just throw up.
(And he is right, by accident, that a bad recession is not inevitable. In his case it is wishful thinking, but in fact, I don't think it will happen either.)
Part 1: https://simulationcommander.substack.com/p/weve-moved-to-ok-its-happening-but
Part 2: https://simulationcommander.substack.com/p/ok-its-happening-but-thats-a-good
‘ Behind the rhetoric, the reality is that recessions are a normal part of American economic life. The U.S. has had one, on average, every 6½ years since 1945.
And in the present case, most professional economists think any downturn now is likely to be relatively mild, with a fairly quick recovery.’
Why do they occur periodically? Government intervention in the economy perhaps?
Are these the same ‘professional economists’ who said there would be no inflation, and then when there was said it would be small and short-lived?
In the present case… speaking of ‘normal’ - recessions ‘normally’ are caused by a drop in demand in an over-supplied economy with high employment, forcing a contraction in supply, reduced economic output and shedding of jobs.
A recession after a near two year forced shut down of the economy, $4 trillion money from thin air dumped into the economy, increasing demand in an under-supplied economy and a large cohort of the labour force gone AWOL, seems to me to be unique, not ‘normal’.
Like appropos of nothing, but is Joe Biden looking like he has had some unfortunate plastic surgery in the near past? His eyes look weird and his jaw unnaturally stretched. Is it just me?
Botox? I understand he’s fond of 💉
Hmmmmmm….I know he had hair plugs years ago and his face does look like he has had some work done. However, if I have to study him closely, I might just throw up.
Whenever a headline ends in "here's why, " I know the paper has already been used to wrap feces.
Like a broken clock, our POTUS is.
A broken digital one if so.
Even a broken clock is right twice a day ………Biden could only aspire.
I was being respectful.
(And he is right, by accident, that a bad recession is not inevitable. In his case it is wishful thinking, but in fact, I don't think it will happen either.)
Beat me to it!
What can I say…………..great minds, etc, etc.
Recession? Hell, depression!
I think for a lot of people, you’re spot on.
FTA: "most professional economists think any downturn now is likely to be relatively mild, with a fairly quick recovery"
Professional economists? Are they on drugs?
Let us see if they say that when gas hits $10 a gallon!
Oh, I forget, we are in a "transition" and energy no longer determines anything (but your poverty level).
Your lack of energy won't concern them.
Pain is the only thing that will wake some of the sheeple up. By then, the professional economists will be hiding in their bunkers.
Are the professional economists ("no one will get hurt") friends with the professional epidemiologists ("everyone will die")?
The same people sign their checks.......
professional check signers
Aren’t we already in a recession?
All but technically, and only not technically because we threw $5T at the system.
Why am I not feeling better about that?!
we need a new Golgafrinchan Ark Fleet Ship B
Doulas Adams fans should get it
I reflect on it daily.
But I heard the employment level for telephone sanitizers has reached 200%! Surely this can only be an encouraging sign.
yea but the hours are lousy
If we had no gallows humor we'd have no humor at all right now...
You mean to imply there's any other kind of humour?
Nothing durable, to be sure.
It’s time to bring the gallows back and hang a few ornaments on them.
Good one
Looks like I'm not going to finish my latest long article tonight, so here's something to laugh at until tomorrow.
Whenever I need a good laugh I just watch Joe's bicycle incident repeatedly.