Comments by "Rune of Svalbard" (@vladimirofsvalbard9477) on "Michael Bordenaro"
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Back in my day = (back when I was born in the capital of the world, where our currency could afford ANYTHING, and we could live off one income). Then concludes we had to struggle.
Imo, people need to hold Boomers feet to the fire more often. They are the generation that on average got the equivalent of a $20k gift from their parents after graduating high school, got to smoke and drink to their life's content, stole valor from the Silent Generation that fought in Vietnam, got to buy a house for 2 years worth of income, and also got to invest in the stock market in 87, 00, 08, and 2020 during their peak years.
Yes, the generation that got their assets for peanuts and made it harder for younger generations by inflating their assets thru currency devaluation really worked hard for their livelihoods. Believe it or not, I don't have a problem with it. Just stop pretending that bootstraps got your there and start admitting you were born at the right time.
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@crabbyhayes1076 Two consecutive quarter of 'negative' GDP growth.
By that definition, Q2/Q3 of 2022 were a recession and we haven't been in one since.
Keyword, 'negative GDP'.
(1%, 2%, 3%, 2%, 1%, 0.5%) - not a recession
(1%, 2%, -3%, -2%, 1%, 0.5%) - recession
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