this post was submitted on 04 Dec 2023
120 points (96.2% liked)

News

23311 readers
3587 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
[–] EatATaco@lemm.ee 2 points 11 months ago (1 children)

This isn't even remotely true, why is it being upvoted?

[–] afraid_of_zombies@lemmy.world 4 points 11 months ago (1 children)

Maybe because it is true and no one wants to hear government economists bullshit about how everything is fine when everything is not fucking fine.

So sick of economist lying crap. Telling us we can't have universal healthcare and we can't get rid of student loan debt but we have to give free money to banks and trade with countries that have slavery.

[–] EatATaco@lemm.ee 3 points 11 months ago (1 children)

But it's simply untrue.

Here is goldman sachs saying, over a year ago, that a path to a soft landing is hard but feasible. Here is an economist, from over a year ago, predicting that the chance of a soft landing was going up. Here are 3 economists writing for the Harvard business reviewing saying, back in Februrary, that the chances of a soft landing were good and calls for a recession were premature.

The whole point of the fed's policy on the rates was to tamp down on inflation while at the same time avoiding a recession. They are, of course, economists. At this point we look like we have good odds to pull of what they were intending to pull off.

I don't know where you get your information from, but if you thought no one thought was predicting a soft landing until a few months ago, well it's safe to say you don't really pay much attention to these things because plenty of economists have been predicting it likely, or going to happen, even for a long time. I've only heard a handful of economists even come close to virtually assuring a recession.

[–] afraid_of_zombies@lemmy.world 1 points 11 months ago (1 children)

A thousand psychics making predictions every day and one being correct proves nothing.

[–] EatATaco@lemm.ee 1 points 11 months ago (1 children)

A thousand psychics making predictions every day and one being correct proves nothing.

Untrue, as it proves, without a doubt proves that:

Every economists was predicting recession a few months back.

is untrue.

This is the advantage of basing your opinions off the facts, tas he facts actually support your claims.

[–] afraid_of_zombies@lemmy.world 0 points 11 months ago (1 children)

Can't hear you over the sound of thousand of government economists saying everything is fine

[–] EatATaco@lemm.ee 1 points 11 months ago (1 children)

The fed is a government economist, at least in some regard, so even that claim falls pretty empty.

But notice how I was able to back up my claims with facts, you just moved the goal posts, without admitting fault, to a new unsupported claim.

You're not clever, you're a joke.

[–] afraid_of_zombies@lemmy.world 0 points 11 months ago (1 children)
[–] EatATaco@lemm.ee 1 points 11 months ago

Blocking when you can't defend the point. Sticking your fingers in your ears like a toddler, instead of simply learning.