protochud [comrade/them] to Main • 4 years agoso, why hasn't the global economy entered a depression?message-squaremessage-square21 fedilinkarrow-up119
arrow-up119message-squareso, why hasn't the global economy entered a depression?protochud [comrade/them] to Main • 4 years agomessage-square21 Commentsfedilink
minus-squareprotochud [comrade/them]hexagonhexbear1·4 years agohousing prices fell during the 2008 recession link
minus-squarePezevenk [he/him]hexbear2·4 years agoYes, in the US, because the housing market crashed, what does that mean though? Why should prices fall significantly in every recession? link
minus-squareprotochud [comrade/them]hexagonhexbear1·4 years agoi guess i just assumed that since capitalist crises are those of over production, prices would drop. with too much stock, companies would have to sell at whatever price possible. i guess that's not always the case though link
Why would you expect it to cost much less?
housing prices fell during the 2008 recession
Yes, in the US, because the housing market crashed, what does that mean though? Why should prices fall significantly in every recession?
i guess i just assumed that since capitalist crises are those of over production, prices would drop. with too much stock, companies would have to sell at whatever price possible. i guess that's not always the case though