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re: There are people who think the economy is healthy

Posted on 5/22/24 at 11:13 am to
Posted by Warfox
B.R. Native (now in MA)
Member since Apr 2017
3184 posts
Posted on 5/22/24 at 11:13 am to
quote:

I’m not sure I would say it’s healthy, but it’s not near as bad as so many of you doom and gloom types have been trying to make it out to be for the last three years. We will have a bad economy before long and people are going to lose their shite.


The " doom and gloom " types have been warning of an impending economic recession/depression...and it is coming.

Those who prepare for it will do better than those who do not, and yes people are going to absolutely lose their shite.

Posted by Sheep
Neither here nor there
Member since Jun 2007
19562 posts
Posted on 5/22/24 at 11:20 am to
quote:

The " doom and gloom " types have been warning of an impending economic recession/depression...and it is coming


They've also been warning of a recession / trying to wish one into existence for years now. Reminds me of the OT hurricane threads.

Don't get me wrong - just about everything in the economy is some level of fricked (except maybe employment?) but none of those problems are 1-3-5 years old. If you pick one broken thing to complain about, you can probably trace it back for multiple years.

Maybe this shite show just IS the US economy?
Posted by Gee Grenouille
Bogalusa
Member since Jul 2018
5040 posts
Posted on 5/22/24 at 11:41 am to
quote:

people are going to absolutely lose their shite.


Thank goodness I've sold all my shite recently.
Posted by SulphursFinest
Lafayette
Member since Jan 2015
8916 posts
Posted on 5/22/24 at 11:43 am to
If you repeat that enough you will eventually be right.
Posted by AwgustaDawg
CSRA
Member since Jan 2023
7478 posts
Posted on 5/22/24 at 12:18 pm to
quote:

The " doom and gloom " types have been warning of an impending economic recession/depression...and it is coming.

Those who prepare for it will do better than those who do not, and yes people are going to absolutely lose their shite.


Both bolded statements are true, always, regardless of who is in office. The economy in a free market is going to experience fluctuations. Those who are prepared for those fluctuations will generally fare better than those who are not.

Claiming the economy is failed currently is as misguided as claiming it is booming. It is doing what it generally does when not in recession and not on fire.
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