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Most of the US economy is in a recession

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Re: Most of the US economy is in a recession

#51

> "Excluding new era investment, the other 89% of real private spending rose by only 1% with no job creation," the strategist wrote. That isn’t what a recession is

We've been redefining recession recently, it may not matter much what the textbook definition is.

What specifically has changed?

Re: Most of the US economy is in a recession

#52

It's wild to think that in the entire existence of human history, after rolling along largely unchanged for literally hundreds of thousands of years, that we happen to be born in the small sliver of time where we went from inventing simple silicon based calculating machines to said machines bringing an end to life as we know it by end of 2027. I don't even think the most plugged in HN reader understands what will be…

Its interesting to me how it has made a lot of people really stupid.

Re: Most of the US economy is in a recession

#53
post #39

Earlier quoted context omitted.

Why care about oil when alternate fossil-fuel-free technologies have become mature? This could very well be the last straw to push many nations (except the U.S.) to massively buy Chinese solar panels and Chinese EVs to be oil independent.

Chinese solar panels don’t help with plastics or industrial lubricants.

The amount of oil used for plastics or lubricants is insignificant compared to the use of oil as energy. In the United States, lubricants use ~0.5% of all oil, and all industrial feedstock about 1%.

Don’t let perfect be the enemy of good.

Re: Most of the US economy is in a recession

#55
post #12

Earlier quoted context omitted.

Why do people need those delivery services? Why can't they just cook meals at home like most people do?

I have never eaten a meal that is worth the cleanup past the peanut butter and jelly sandwich

That sounds depressing to me.

Just had some nice betasuppe[1], a vegetable soup with meat sausage if you like. Just chop some sausage and vegetables (or easier use a bag of frozen stew vegetables), cook in pot with some stock, done. Minimal cleanup, no mess. Great tasting meal for a few cold days.

Before that I had pan-fried salmon with broccoli, pasta and pesto. Just put the salmon in the pan with a dash of oil and season it, cook Fussili (rotini) pasta and toss in frozen broccoli once the pasta is nearly done. Serve with decent pesto. Done in ~15 minutes, no prep, just a pan and a pot to clean, no mess, lots of taste.

Before that I made some Ceasar-ish salad. Fried some bacon and a seasoned chicken breast, meanwhile rinsed and prepared the Romain lettuce, I cheat and use some cherry tomatoes cut in half for flavor, dry bacon on paper towel on the plate I'll eat from while I cut the chicken. Skipped the crutons this time, served with a good Ceasar salad dressing from the store and some fresh grated Parmesan. Just a pan and the cutting board to clean up, no mess, lots of flavor.

Just a few examples for illustration. I do make more elaborate meals, but mostly I'm lazy and don't like to clean up. But I find it easy to make great tasting meals at home, and doesn't have to be very involved.

[1]: https://northwildkitchen.com/norwegian-betasuppe/ (I added some pearled barley, more fiber and adds texture and taste)

Re: Most of the US economy is in a recession

#56
post #39

Earlier quoted context omitted.

Why care about oil when alternate fossil-fuel-free technologies have become mature? This could very well be the last straw to push many nations (except the U.S.) to massively buy Chinese solar panels and Chinese EVs to be oil independent.

Chinese solar panels don’t help with plastics or industrial lubricants.

About 80% of oil is burned in some way for fuel.

Re: Most of the US economy is in a recession

#57

> "Excluding new era investment, the other 89% of real private spending rose by only 1% with no job creation," the strategist wrote. That isn’t what a recession is

Recessions without an external shock are rare. But you could say the rest of the economy is in stagnation. I‘m expecting real recession as soon as the LLM bubble begins to burst.

Re: Most of the US economy is in a recession

#59

> "Excluding new era investment, the other 89% of real private spending rose by only 1% with no job creation," the strategist wrote. That isn’t what a recession is

Seems like the definition changes to match whatever is happening when Trump is in office.

Re: Most of the US economy is in a recession

#60

Earlier quoted context omitted.

We've been redefining recession recently, it may not matter much what the textbook definition is.

What specifically has changed?

Probably referring to the "2 quarters of negative GDP" rule that was seemingly revoked under Biden.
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