bink a day ago

We aren't anywhere close to being in a depression though. What extraordinary situation requires the government to take a stake in a public company and under what conditions will this position be liquidated?

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  • meowky an hour ago

    > We aren't anywhere close to being in a depression though.

    This may be true in the economic sense. But “depression” is as much a political sensation as it is a technically defined economic term. We happen to live in an era where economics for the public is profoundly politicized.

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  • rpmisms 20 hours ago

    We are very close to being in a depression. Most of our money has nothing to do with actually feeding or housing people. If the wrong thing shifts, we're toast.

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    • bink 6 hours ago

      The unemployment rate is still near historic lows and while new job numbers are getting worse they're still positive overall. We aren't anywhere close to being in a depression currently.

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