The yearly average growth has been less than in the Obama years…certainly FAR less than in the Reagan years…to name two recent examples. We can also throw in the Clinton years where tech transformation powered growth even through “regressive” policies like tax increases and lessened government spending.
In what way can this be considered to be “one of the greatest economies our country has ever known?”
I should mention briefly that there is no guarantee that talking about a recession will make it happen.
Maybe firms and consumers don’t pay too much attention to politicians / economists and continue to spend anyway.
The economy has self-correcting mechanisms. E.g. Loss of confidence could cause Pound to fall in value, which helps boost domestic demand.
It depends on whether talk of recession is based on economic realities, e.g. after global credit crunch, it would be expected people fear and talk about recession. But, here the recession was not so much caused by the talk of recession, but the actual economic reality of banks running out of money.
They have been told to FEEEEEEEEL as if talking about the actual data points and indicators that show a potential recession looming, means that those talking about it A) want it to happen, and B) will be the cause of it happening. Facts be damned. It is mind-numbing, really.
My staff is majority Gen Z (late millennial) and almost entirely millennials ■■■■■■ I’m a millennial and their boss) and I never see what’s the big difference is.
Work hard, work smart, diversify in things other than the stock market…like buy land on water, sacrifice the wants of today for the needs of tomorrow and you’ll do it. I wish you well in your endeavors…seriously.
Everyone cries about millennials crying too much, but the ones saying it are crying too and half of the boomers and Gen Xers crying struggled with programming the VCR, let alone Microsoft Office 365.
I mean, Gen Z is different but it’s not all that crazy. They’re more openly emotional and worse at face to face interactions but navigate through social media and ■■■■ like we rode our bikes in the alley. They’re definitely less prejudiced than my generation, let alone any of you born before the 80s.
