1 sat \ 2 replies \ @tomlaies 15 Jun 2022 \ on: How is this recession going to play out? bitcoin
If history is anything to go by - don't panic. We are very biased by 2008. But 2008 was exceptionally bad and long.
If you look at average recessions since 1970 this one would have to be over by October.
The U.S. finally bounced out of the "great recession" thanks to fracking.
If there's no access to more energy, the economy doesn't have what it needs to grow. Relative to other economies, even standing in place, the U.S. may look like like it is holding its own, but in my opinion, don't expect this to be either short-lived or of minimal consequence.
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The U.S. finally bounced out of the "great recession" thanks to fracking.
If there's no access to more energy, the economy doesn't have what it needs to grow. Relative to other economies, even standing in place, the U.S. may look like like it is holding its own, but in my opinion, don't expect this to be short lived nor of minimal consequence.
reply