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submitted 8 months ago* (last edited 8 months ago) by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml
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[-] JohnBrownsBussy2@hexbear.net 52 points 8 months ago

Wow, they discovered the copium index.

[-] culpritus@hexbear.net 27 points 8 months ago

hastily incorporating this into the high speed trading algorithm to run automated shorts

[-] ComradePupIvy@lemmygrad.ml 44 points 8 months ago

I mean its bold to say we are not currently in a recession at the moment

[-] yogthos@lemmygrad.ml 41 points 8 months ago

I suspect the fact that the media keeps trying to pretend that a recession isn't happening is driving a lot of public anger right now. People can see that their pay doesn't go as far as it used to, but the media is like whom are you gonna believe me or your lying eyes.

[-] ComradePupIvy@lemmygrad.ml 23 points 8 months ago

I genuinely cannot tell if this is genius on the side of the media, or Hubris on the side of the media?

[-] FuckyWucky@hexbear.net 30 points 8 months ago* (last edited 8 months ago)

they don't want to scare the markets. if they all say the economy is doing bad, the markets will react negatively which is bad for stonks.

it doesnt even have to be a human reading it and going 'shit i should sell'. there are bots which scrape business news sites and do sentiment analysis to check if a news is positive or negative.

[-] Beat_da_Rich@lemmygrad.ml 15 points 8 months ago* (last edited 8 months ago)

Americans on average are poorer than they were during the Great Depression. The only reason this awful economy is not considered a depression is because of capitalist propaganda. It's all just being held up by "vibes."

[-] ComradePupIvy@lemmygrad.ml 13 points 8 months ago

I mean wealth disparity is worse than right before the french revolution, and working conditions are also worse,

I guess what I am saying is the heads of the rich should roll, and their blood should water the feilds

[-] TeezyZeezy@lemmygrad.ml 35 points 8 months ago

Shut the fuck up tankie the green line is up

[-] yogthos@lemmygrad.ml 15 points 8 months ago
[-] anicius@lemmygrad.ml 31 points 8 months ago* (last edited 8 months ago)

Wow it even correlates with smaller capital crises that aren't significant enough to be recessions (1994, 2012, 2018).

[-] yogthos@lemmygrad.ml 25 points 8 months ago

looks like it's a pretty solid indicator

[-] redtea@lemmygrad.ml 28 points 8 months ago

Calling all Lemmygradders and Hexbears, you know what to do. Get out there and be optimistic. Things have never been better!

[-] frightful_hobgoblin@lemmy.ml 21 points 8 months ago
[-] pinguinu@lemmygrad.ml 18 points 8 months ago

Tell me lies, tell me sweet little lies

[-] redline@lemmygrad.ml 16 points 8 months ago

alright everyone here we go, hold on tight

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

That's honestly really fucking funny

[-] exocrinous@lemm.ee 7 points 8 months ago

I really hope this means house prices will crash

this post was submitted on 14 Feb 2024
76 points (97.5% liked)

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