Sources

  •  @programming.dev
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    6 days ago

    and yet paradoxically the only thing keep us out of recession :\

    when you think back to how easily the entire global economy exploded in 2008… the last 18months makes zero fucking sense.

    • jaykrown@lemmy.worldOP
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      6 days ago

      We’re already in a recession, they’re just manipulating the numbers with this bullshit.

        • hitmyspot@aussie.zone
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          5 days ago

          *gestures at everything.

          On an individual basis when wages don’t keep up with inflation, it feels like a recession. When retail sales are down, services spending is down and business spending is down, except for ai, it feels like a recession.

        • jaykrown@lemmy.worldOP
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          5 days ago

          K shaped economy. By all traditional metrics the biggest winners in the economy are disproportionately propping it up.

          • chaosCruiser@futurology.today
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            1 day ago

            Thanks for the keyword. Looked into it, and it seems that the economy is in a weird state now. VC money is causing inflation, which causes issues with everything that isn’t directly tied to AI. All the AI related companies are doing just fine, especially chip manufacturers. All the other industries are suffering. The number of bankruptcies is also alarming.

            • jaykrown@lemmy.worldOP
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              1 day ago

              This is what happens when they extract money away from all the things that fundamentally support a strong society.