[quote=“Mr He”]I thought that most recessions since world war 2 was caused by inventory restocking cycles? With some external chocks added in for good measure at times?
The Great Recession is the odd man out - a recession caused by a financial crash, we have not had this since 1929? Or was that 1907?
And anyways, you can only explain a recession by looking at the very factors causing that, not by looking at the factors causing the previous one.[/quote]
Can’t agree with that. Once DIDMCA was repealed in 1980 this let speculation run loose which inflated asset bubbles leading to the savings & loan crisis of the 80s. Then dot com bubble then the latest housing bubble.
Name 1 piece of economic growth, thanks. You might say employment, I’ll counter with inventory, new housing establishments, sales, etcetc.
Meanwhile even mcdonalds are whining that their profits are falling and failing to meet expectations.
I WISH I could say that things are looking fine, that the US dollar will stay high and that they will raise interest rates. Then people who save money will actually stop being financially raped every day, awesome. Normal people could actually work hard and save without getting into bs speculation hs (horseshit). I just don’t see it, what I see is a struggle to stay afloat