Oh shit

More Than Mortal · February 23, 2016, 03:45:15 AM

You know how the Great Depression was really two bad recessions with shitty recoveries, the one in '29 and the one in '37, the "Roosevelt Recession".

What if we're about to see our "Obama Recession"?

DAS B00T x2 · February 23, 2016, 06:42:10 AM

Does that mean I finally have a reason to go "thanks, Obama" unironically?

Ajax · February 23, 2016, 11:51:16 AM

Im pretty sure that without serious revision our current system will collapse soon anyways, either pick socialism or pick capitalism

edit: I do know that full socialism does have parts of capitalism in it, and I do know that the existence of a government that has any public facilities is technically socialist, but you know what I mean.

rC · February 23, 2016, 11:54:48 AM

do you think it's gonna happen?

gats · February 23, 2016, 12:13:03 PM

Lettuce say it does happen, how much does it affect the UK? Obviously it will to some degree maybe you can give me a more specific figure

Pippen · February 23, 2016, 12:26:28 PM

Quote from: DAS B00T 2016 on February 23, 2016, 06:42:10 AM

Does that mean I finally have a reason to go "thanks, Obama" unironically?

No, just say it sarcastically like everyone else.

Turkey · February 23, 2016, 02:26:13 PM

A recession within the next five years would be incredibly surprising.

More Than Mortal · February 24, 2016, 04:59:26 AM

Quote from: HurtfulTurkey on February 23, 2016, 02:26:13 PM

A recession within the next five years would be incredibly surprising.

How so? I wouldn't find it surprising in the slightest. Low inflation, low interest rates, low growth and China slipping backwards. Economists such as Larry Summers, Scott Sumner and Tyler Cowen all think the chance of a recession occurring this year is higher than it was last year.