Is the economy in recession or a depression?

[888theGreat]

Depression

Recession

Neither

Updates

1 y

Also, when you punish big companies with red tape and higher taxes , they close stores which only hurts low income class, which makes crime explode.

[MisterWack]

Neither.
Costs are coming down, the stock market is the highest its ever been (literally click MAX and watch stocks from Apple & DOW Jones & Nvidia), unemployment is a record low, etc.
I went to a museum on the Great Depression and if people saw the high suicide rates, Hoovervilles, stock market’s lowest point in 1929, etc. then there wouldn’t be talks of a depression. Also take a look back at 2008’s recession and it is clearly marginally different than the economic ‘situation’ today. It is nuts to believe this because it isn’t there. It is neither.

You can feel as though the economy is doing poorly though the stats, data, margins, and professionals on the subject say it is indeed fine and we are coming back together.

[Likes2drive]

Neither but it’s not where it should be, things would be better if inflation went down and the mortgage rates since housing prices are overinflated

[exitseven]

Neither but it was in a recession last year. The democrats just changed the definition of recession instead of actually doing anything to fix the problem.

[Sevenpointfive]

what does recession even mean? recess is a break. economies don't do breaks

[Sevenpointfive]

punish companies? if they are in that tax bracket then they need to do their part. why hurt the entirety of your low income pop if it means the rich should be doing what everyone is doing? and i'm all for charity. but the charities these corporations support mean absolutely nothing! have you actually listened to them around the time of November? would you like to round up to support "the shell charity that was set up by our company to evade taxes"?

[patois]

It's technically stagflation (high inflation, low growth and high unemployment)...

[paledreams]

I keep waiting for the recession and for the rate cuts by the US fed, and I've been waiting two years since they starting hiking them :( lol sad faces

[paledreams]

Hmm 🧐 maybe I should've neither, feels like neither to me as a foreigner that, "the economy" wherever you mean, is simply neither recession. Neither depression, it's just... pounding along as usual with its beeps and bops of green market red market green market red market icons

[normalice]

The US economy is currently the envy of the world thanks to Joe Biden and the democratic party.

[888theGreat]

You are smoking too much crack man.

[888theGreat]

Why do 80% of people polled say it is bad and country is going the wrong direction? Why did so many want Biden to step down?

[normalice]

Because right wing misinformation tells them to think that. In that same poll when they are asked about their personal finances something like 90% say they are doing great. Everyone thinks everyone else is suffering, but not themselves, because of far right misinformation..

[normalice]

Of course, obviously, you understand it is just priming you for the next republican administration, right? So when the economy actually crashes due to republican policy, as did in 2006 and started doing in 2018, everyone suffering can be easily told that everyone else is suffering and de oceanic policies just finally caught up to them.

Throughout human history the masses have thwarted the schemes of the rich by mobbing up when things get out of hand. But today the rich own all the media and know exactly how to twist their margin of useful idiots to keep the mob eating itself no matter how bad things get.

You are one of those useful idiots, if it wasn't clear..

[XXblack88]

I don't know I hope neither.