Re:Wikipedia has blocked editing ‘recession’ as people chang...
by epakai on Monday August 01, 2022 @10:04AM
(#32306094)
Things aren't "proper fucked" though. Supply chains were just too slow to recover to meet our demand. Lots of things were overpriced/overvalued. The economy is going to retract as a result. Things will cycle once more, and we can do it all over in another n decade(s).
Re:Wikipedia has blocked editing ‘recession’ as people chang...
by rhodorhoades on Monday August 01, 2022 @11:35AM
(#32307540)
Worldwide inflation numbers[1], general animosity among world powers[2], wars in trade and land , global debts rising above GDP everywhere, does not bode well for social peace. There will be revolutions worldwide if this trend continues and if history rhymes.
1. Middle East, SE Asia, and South America all have inflation above 50%.
2. Russia vs west. China vs. the US (Taiwan) Turkey vs. Iran (Syria, Armenia) Venezuela vs. itself
Re:Wikipedia has blocked editing ‘recession’ as people chang...
by DIARRHEA_xd on Monday August 01, 2022 @02:16PM
(#32310057)
> 1. Middle East, SE Asia, and South America all have inflation above 50%.
https://www.pewresearch.org/fact-tank/2022/06/15/in-the-u-s-...
This source is lacking, but the only countries above 50% inflation I can find are Turkey and Argentina. Could you point me in the direction of where you got your numbers?
Re:Wikipedia has blocked editing ‘recession’ as people chang...
by DIARRHEA_xd on Monday August 01, 2022 @02:32PM
(#32310267)
Upon further review, the countries are Iran, Suriname, Sri Lanka, Argentina, Turkey, Syria, Sudan, Venezuela, Lebanon, Zimbabwe per: https://tradingeconomics.com/country-list/inflation-rate-
Re:Wikipedia has blocked editing ‘recession’ as people chang...
by challenger-derp on Monday August 01, 2022 @03:56PM
(#32311278)
SEA doesn't have annual inflation rates anywhere near 50%.
Re:Wikipedia has blocked editing ‘recession’ as people chang...
by DarkmSparks on Monday August 01, 2022 @05:32PM
(#32312299)
Uhuh... Few more tweeks to exclude even more things that go up in price from the measure of inflation, narrow the definition of unemployed some more, and the US can record its best economics data ever.
Meanwhile, in real life.. https://www.reuters.com/technology/oracle-starts-job-cuts-us...
Reminds me of the fight over the Titanics last lifeboat.
Everyone knows its all broken, that already no one can pay their debts, millions are homeless and US interests have started their march to double digits.
But the most important thing right now is to scrape a few more moments believing there is hope by redefining the meaning of proper fked.