U.S. Economy Contracts at 0.3% Rate in First Quarter

Re:U.S. Economy Contracts at 0.3% Rate in First Quarter by myflash13 on Wednesday April 30, 2025 @09:54AM (#43845295)

But what if you die tomorrow? But what if tomorrow your restaurant is bombed by Russia? I've lived in Ukraine and seen how entrepreneurs build new businesses even in cities that get regularly bombed. And they put their heart and soul into it too, not just do the minimum necessary to survive.

This is exactly what is wrong with American culture. Not willing to take risks to build something great.

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Re:U.S. Economy Contracts at 0.3% Rate in First Quarter by bumby on Wednesday April 30, 2025 @10:08AM (#43845481)

I think this may be missing the difference in differential risk.

If I live in a place with constant uncertainty, taking one uncertain bet over another makes little difference.

If I instead live in a place of relative historic stability with (real or perceived) short-term uncertainty, it makes a lot of sense to wait until the relative stability has returned.

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Re:U.S. Economy Contracts at 0.3% Rate in First Quarter by myflash13 on Wednesday April 30, 2025 @12:41PM (#43847719)

Entrepreneurs in Ukraine have other options. Instead of building a restaurant or factory they could sit on their money for a few years until the war ends.

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Re:U.S. Economy Contracts at 0.3% Rate in First Quarter by bumby on Wednesday April 30, 2025 @01:10PM (#43848117)

And do you think that is an equal differential in risk compared to someone in the US doing the same? I can think of at least a handful of reasons why that may not be the case.

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Re:U.S. Economy Contracts at 0.3% Rate in First Quarter by georgeecollins on Wednesday April 30, 2025 @11:16AM (#43846466)

>> Not willing to take risks to build something great.

8 of the top 10 companies in the world we're started in America in the last fifty years. If you were try to guess where the next world beating companies are going to come from I am sure some will come from China, Europe, South America, but still most from the US. The US still puts the world to shame in putting capital at risk on new ideas.

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Re:U.S. Economy Contracts at 0.3% Rate in First Quarter by senordevnyc on Wednesday April 30, 2025 @09:57AM (#43845336)

Building a factory for billions isn't the same thing as opening a restaurant.

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Re:U.S. Economy Contracts at 0.3% Rate in First Quarter by ActorNightly on Wednesday April 30, 2025 @12:23PM (#43847427)

If you had a sane administration that actually had anything resembling of a plan to bring back US manufacturing, then it would be a different story.

Betting on insanity is not "courageous risk taking"

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