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Most of the US economy is in a recession

businessinsider.com

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Re: Most of the US economy is in a recession

#11

Post by vjvjvjvjghv »

rogerrogerr wrote: post #5
mlsu wrote: post #4

Earlier quoted context omitted.

Capital must flow, period. Right now it's accumulating into a very small group of actors and becoming concentrated. There's no way to have a good economy, period, with the amount of consolidation across every sector. The only thing that's actually competitive anymore are restaurants.

Honest question, because it’s something I’ve been thinking a lot about: what is a “good” economy vs. a “bad” economy?

A good economy is an economy that benefits most of the population and not just a few percent at the top. I would argue it should be a political goal to keep income distribution relatively stable.

A good economy is also relatively stable. Big booms with a crash following are very devastating to not-rich people. In a crash rich people lose a lot of paper money but not-rich people may have trouble affording shelter or food. Or middle class may lose their savings.

Re: Most of the US economy is in a recession

#12

Post by ghaff »

amelius wrote: post #9
mlsu wrote: post #4

Earlier quoted context omitted.

Capital must flow, period. Right now it's accumulating into a very small group of actors and becoming concentrated. There's no way to have a good economy, period, with the amount of consolidation across every sector. The only thing that's actually competitive anymore are restaurants.

Restaurants are being extorted by online delivery services.

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

Re: Most of the US economy is in a recession

#13

Post by state_less »

Oil spiked to $110/barrel on the WTI front month futures contract this afternoon, a $20 jump up from Friday. At this pace we'll be at $150 a barrel in a week or two. If oil infrastructure keeps getting hit, even if the strait of hormuz is reopened, it'll take a long time to recover from. That's on top of the continued call for regressive tariffs and a weakening labor market. I think we're heading for a recession unless things turn around quickly, which I'm not seeing any indication of.

I'm curious if we'll get TACO Trump, or if he'll double down on this?

Re: Most of the US economy is in a recession

#14

Post by YokoZar »

What's the base rate? Even a very healthy economy doesn't have all sectors growing simultaneously, so I'd be very curious to know if this is a matter of going from "normally 20% is shrinking and now it's 80%" or if it's "normally 49% is shrinking and now it's 51%"

Re: Most of the US economy is in a recession

#15

Post by crawfordcomeaux »

rogerrogerr wrote: post #5
mlsu wrote: post #4

Earlier quoted context omitted.

Capital must flow, period. Right now it's accumulating into a very small group of actors and becoming concentrated. There's no way to have a good economy, period, with the amount of consolidation across every sector. The only thing that's actually competitive anymore are restaurants.

Honest question, because it’s something I’ve been thinking a lot about: what is a “good” economy vs. a “bad” economy?

A "good economy" is one that isn't compulsory. One that doesn't require enslavement and genocide. One that doesn't require oppression. One that is aligned with the environments it operates in.

One that we can walk away from without necessarily risking premature death or enslavement for doing so.

Re: Most of the US economy is in a recession

#16

Post by roxolotl »

state_less wrote: post #13

Oil spiked to $110/barrel on the WTI front month futures contract this afternoon, a $20 jump up from Friday. At this pace we'll be at $150 a barrel in a week or two. If oil infrastructure keeps getting hit, even if the strait of hormuz is reopened, it'll take a long time to recover from. That's on top of the continued call for regressive tariffs and a weakening labor market. I think we're heading for a recession unle…

My guess is that this time even if there’s a TACO you can’t turn back the clock on everything that’s happened. The tariffs are mostly an on/off switch. You can’t unbomb infrastructure.

Re: Most of the US economy is in a recession

#17

Post by [deleted] »

state_less wrote: post #13

Oil spiked to $110/barrel on the WTI front month futures contract this afternoon, a $20 jump up from Friday. At this pace we'll be at $150 a barrel in a week or two. If oil infrastructure keeps getting hit, even if the strait of hormuz is reopened, it'll take a long time to recover from. That's on top of the continued call for regressive tariffs and a weakening labor market. I think we're heading for a recession unle…

[deleted]

Re: Most of the US economy is in a recession

#18

Post by 2OEH8eoCRo0 »

rogerrogerr wrote: post #5
mlsu wrote: post #4

Earlier quoted context omitted.

Capital must flow, period. Right now it's accumulating into a very small group of actors and becoming concentrated. There's no way to have a good economy, period, with the amount of consolidation across every sector. The only thing that's actually competitive anymore are restaurants.

Honest question, because it’s something I’ve been thinking a lot about: what is a “good” economy vs. a “bad” economy?

I think that a good economy is one that lifts all boats. Broad prosperity that is shared by most rather than concentrated in a few.

Re: Most of the US economy is in a recession

#20

Post by bigstrat2003 »

ghaff wrote: post #12
amelius wrote: post #9

Earlier quoted context omitted.

Restaurants are being extorted by online delivery services.

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

Lack of experience cooking so they don't feel like they can, people are tired after getting home from work and don't have much energy to spare, just plain laziness. Pick one or more of the above.
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