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We are entering the Cool Zone. (hexbear.net)

submitted 7 months ago by Yuritopiaposadism@hexbear.net to c/chapotraphouse@hexbear.net

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https://www.businessinsider.com/recession-outlook-financial-crisis-economy-federal-reserve-yield-curve-rosenberg-2024-2

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[-] Adkml@hexbear.net 38 points 7 months ago

Probably, but they've also been saying that for three years.

Not that the economy isn't fucked but kinda just proving that if you constantly say "a recession is going to happen anyday" for long enough you're eventually right.

Plus even if there is a major undeniable recession we're gonna keep getting opinion pieces on how actually everything is great if there's a dem president.

[-] hexaflexagonbear@hexbear.net 31 points 7 months ago

They're gonna be right eventually but also I just have zero confidence in economists predicting a recession now. Like a dolphin that predicts superbowl winners by bouncing a ball into a bucket is probably more reliable.

[-] 1stTime4MeInMCU@mander.xyz 17 points 7 months ago

When I was a kid I used to say “turn green” at the light over and over and eventually it turned green and it was clearly because I predicted it

[-] 420blazeit69@hexbear.net 17 points 7 months ago

I see it like pointing at a building with a huge crack down the side and saying "that is at risk of falling any day now." You're absolutely right, you're not seeing risk signs where there aren't any, it's just very difficult to predict exactly when the bottom will fall out.

[-] pudcollar@hexbear.net 8 points 7 months ago

It's real dangerous, for those of us who don't get pensions, to make decisions with your retirement portfolio based on news like this. Things we know will happen don't always happen when we think they will.