this post was submitted on 04 Dec 2023
130 points (96.4% liked)

News

23387 readers
2584 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
 

NEW YORK (AP) — Most business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under the weight of high interest rates, according to a survey released Monday.

Only 24% of economists surveyed by the National Association for Business Economics said they see a recession in 2024 as more likely than not. The 38 surveyed economists come from such organizations as Morgan Stanley, the University of Arkansas and Nationwide.

Such predictions imply the belief that the Federal Reserve can pull off the delicate balancing act of slowing the economy just enough through high interest rates to get inflation under control, without snuffing out its growth completely.

High rates work to slow inflation by making borrowing more expensive and hurting prices for stocks and other investments. The combination typically slows spending and starves inflation of its fuel. So far, the job market has remained remarkably solid despite high interest rates, and the unemployment rate sat at a low 3.9% in October.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 2 points 11 months ago (1 children)

...... What? Did you click on the wrong comment?

[–] [email protected] 1 points 11 months ago (1 children)
[–] [email protected] 1 points 11 months ago (1 children)

You wanna try your comment again, then, and make it relevant to the comment youre clicking on?

Or was the comment being gibberish intentional?

[–] [email protected] 1 points 11 months ago (1 children)

I don't see what is confusing. You made the claim that the act of predicting a recession can cause a recession and stated a mechanism. I pointed out that predictions of recessions are rarely accurate and the mechanism doesnt work the way you described.

[–] [email protected] 1 points 11 months ago (1 children)

Yeah, see, this is why I think you clicked on the wrong comment.

I said that an economy is a result of humans acting, and that the act of stating a recession is coming is enough to change peoples actions to either cause or prevent a recession.

You then launched into some unrelated nonsense about being lemmings.

Do you need help finding the comment you meant to respond to?

[–] [email protected] 1 points 11 months ago (1 children)

Again. You can't just declare or undeclare a recession

[–] [email protected] 1 points 11 months ago (1 children)

You really struggle with reading, eh sport? Not one for grasping words?

Do you wanna try responding to things Ive said? Isntead of whatever that ghost in your head is whispering to you?

[–] [email protected] 0 points 11 months ago (1 children)
[–] [email protected] 1 points 11 months ago (1 children)

Im sure you are sweetheart, but I can help you find the person you thought you were talking to if you need. That, or your chaperone?

[–] [email protected] 0 points 11 months ago (1 children)
[–] [email protected] 2 points 11 months ago

The irony

Good luck dude