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How come it's 'taboo' to mention how broken the economy is anywhere?
submitted 1 year ago by [deleted] from self.whatever
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[–]DefinitelyNotAnAgent 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 1 year ago (2 children)
Alex Jones said "it's coming this month" every month since 2010.
Economics are unpredictable. When it crashes, it will come from a corner of the economy that no one was looking at.
Politicians are still making claims of a "recession by definition". Its no different than the "trump era".
The economy looks good to me.
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 1 year ago (1 child)
It actually HAS been coming every month we just keep kicking the can down the road by doing shitty things with it that prolong it. Technically the crash should've came in 2004 with the housing bubble but we kept artificially extending things. One bit problem is the use of AI which now handles a lot of investments meaning all companies across the board are artificially raised to some degree because of AI being used to take stocks out of one thing and put it in another it 'deems' is a safe bet. The DOW Jones really is a useless indicator now for true investment and most serious investors know this.
It's okay for the casual person or idiot like you or perhaps I that don't do any investing or future trading as a general barometer but for actual deep trends it's a total ass joke.
[–]DefinitelyNotAnAgent 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 1 year ago (0 children)
Lol sounds like some shit in a TikTok or in Hollywood. I cant see AI making big win decisions.
People were getting double food stamps the last half of 2021 and $250-$1000 extra a month at the same time the media was fear mongering food shortages...but everyone was like "BUY GME and AMC"...grocery stores were the big winners.
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[–]DefinitelyNotAnAgent 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (2 children)
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (1 child)
[–]DefinitelyNotAnAgent 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)