this post was submitted on 04 Dec 2023
118 points (96.1% liked)

News

23266 readers
4311 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
[–] PreviouslyAmused@lemmy.ml 1 points 11 months ago (1 children)

An individual is not a lemming, no. But people? People are scared, stupid, lemmings who will follow the crowd, almost every time.

We’re social creatures, designed to work in groups. The downside (or upside I guess) is that people do follow the crowd.

[–] afraid_of_zombies@lemmy.world 0 points 11 months ago

If people followed the crowd vaccination rates would be 100%. Remind me again what they really are. People, real freaken people, make bad decisions, they don't listen to experts, they expert shop, they go against the grain, they go against what they are told they should do. They are brave, cowardly, stupid, smart, ruthless, and nice.

This is why economist is bull crap. They build these models assuming the very worst about humanity and demand we all act that way. So of course if your base assumption is that humans blindly trust anyone who calls themselves an expert and can only think short term they would sell everything if they hear a whisper of recession.

I look at the numbers for investing not what some moron on TV shooting stuff has to say.

https://youtu.be/gUkbdjetlY8?si=zaw0AV3QvbN6PXYv

Remember this? Nah bet you don't.