source https://www.bloomberg.com/news/newsletters/2023-10-02/global-economy-latest-bloomberg-economics-expects-a-recession

archived https://archive.ph/uVMEE

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.ml
      ·
      9 months ago

      I suspect the fact that the media keeps trying to pretend that a recession isn't happening is driving a lot of public anger right now. People can see that their pay doesn't go as far as it used to, but the media is like whom are you gonna believe me or your lying eyes.

        • FuckyWucky [none/use name]
          ·
          9 months ago

          they don't want to scare the markets. if they all say the economy is doing bad, the markets will react negatively which is bad for stonks.

          it doesnt even have to be a human reading it and going 'shit i should sell'. there are bots which scrape business news sites and do sentiment analysis to check if a news is positive or negative.

    • Beat_da_Rich@lemmygrad.ml
      ·
      9 months ago

      Americans on average are poorer than they were during the Great Depression. The only reason this awful economy is not considered a depression is because of capitalist propaganda. It's all just being held up by "vibes."

      • ☭ Comrade Pup Ivy 🇨🇺@lemmygrad.ml
        ·
        9 months ago

        I mean wealth disparity is worse than right before the french revolution, and working conditions are also worse,

        I guess what I am saying is the heads of the rich should roll, and their blood should water the feilds