You don’t know until unemployment and GDP numbers are released. Generally when the fed starts making successive rate cuts, the economy is doing poorly. Since 1953 10 out of 11 recessions happened when republicans held power. So maybe that is also why I think we have a little way to go before things get better. I’m not sure why that is and I don’t want to start a political debate. Things will get better. They always do.

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forgotoldacc 8 hours ago | parent | next [-]

Things do tend to get better, but the time scale can vary. It's hard to tell whether we're deep into a recession, or we're just starting to walk into a depression. You never really know which it is in the first year.

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mullingitover 8 hours ago | parent | prev | next [-]

> Since 1953 10 out of 11 recessions happened when republicans held power

I used to think this was because the party that represents the ruling class didn't know what they were doing.

Now I think these economic collapses and ensuing fire sales are not accidents, they know exactly what they're doing.

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lesuorac 7 hours ago | parent | next [-]

Recession are a natural part of the business cycle though. Like it's good to have them, Democrats not allowing a recession to occur just makes the next bubble even bigger. And all kinds of inefficient businesses are allow to zombify when the resources could be used elsewhere.

Now, the bigger problem is that you're supposed to raise taxes during the boom so that you can run deficits during the recession to recover quickly. Unfortunately we run deficits during the boom so that the crash is even bigger as well ...

	▲	pm90 4 hours ago \| parent [-]
		Just because recessions do happen, does not mean that its good to have recessions, not does it make them necessary. Popping bubbles can be contained and not blow up the entire system if we have proper regulations, for instance. > Democrats not allowing a recession to occur just makes the next bubble even bigger. And all kinds of inefficient businesses are allow to zombify when the resources could be used elsewhere. This is honestly just horseshit. Both parties want to avoid recession, its just that one of them believes in established economic theories and is successful; while the other one is steeped in crackpot economics which have failed repeatedly.

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VinLucero 6 hours ago | parent | prev [-]

Have you ever read Yonatan’s article on Shock Wealth and how the ruling class is incentivized to cause shocks?

https://medium.com/newco/your-financial-shock-wealth-4845e6d...

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XorNot 8 hours ago | parent | prev [-]

Yes if only the US still released those numbers...