Is this "not quite a recession" worse than any recession in memory? (old.reddit.com) 12 points by donsupreme 2y ago ↗ HN
[–] MattGaiser 2y ago ↗ How can he be both making more than ever and nobody have money to spend on him?Recession is when people can't spend, not when prices can keep on rising because people still do have money to spend. [–] aCoreyJ 2y ago ↗ But there is a poor guy in the comments that only goes out to eat 1 or 2 times a week instead of 3-5. What a tragedy
[–] aCoreyJ 2y ago ↗ But there is a poor guy in the comments that only goes out to eat 1 or 2 times a week instead of 3-5. What a tragedy
[–] nylonstrung 2y ago ↗ For it to be worse, we'd have to see a stark decrease in GDP, whereas it's been relatively stable so far [–] [dead] darkclouds 2y ago ↗ [dead]
[–] anthony100 2y ago ↗ A recession is when other people lose their jobs. A depression is when you lose yours.
7 comments
[ 3.0 ms ] story [ 32.1 ms ] threadRecession is when people can't spend, not when prices can keep on rising because people still do have money to spend.