Recession is a curious phenomenon, because its predicated on a changing rate of a figure that the Bureau of Labor and Statistics ultimately defines. It is very possible for the US economy to rot to its bones while the officially calculated GDP figure continues to inflate to the moon. Just keep pumping the value of fictitious capital while you people sink into individualized poverty long enough and eventually you’ll have six High Frequency Trading accounts hot-swapping the same basket of derivatives of derivatives in an upward spiral forever.
You don’t even really need a material economy, just so long as you’re willing to concede that a steadily rising Big Number is the singular purpose of the financial system.
Breaking: Only 60% of CEOs can see blindingly obvious outcomes.
Recession is a curious phenomenon, because its predicated on a changing rate of a figure that the Bureau of Labor and Statistics ultimately defines. It is very possible for the US economy to rot to its bones while the officially calculated GDP figure continues to inflate to the moon. Just keep pumping the value of fictitious capital while you people sink into individualized poverty long enough and eventually you’ll have six High Frequency Trading accounts hot-swapping the same basket of derivatives of derivatives in an upward spiral forever.
You don’t even really need a material economy, just so long as you’re willing to concede that a steadily rising Big Number is the singular purpose of the financial system.
6mo isn’t a long time in the grand scheme of things. The rest probably expect the recession to kick in 26/27
CEOs can’t plan past a 3-month window, so that 60% can even think 6 months in the future is quite amazing.
I see you’re one of those people who think all CEOs are intelligent people who rose to the top through hard work and determination.