What causes a recession?

[Willamshakespear]

According to Economists, it is defined as a significant and widespread decline in economic activity that lasts for more than a few months. It is often characterized by two consecutive quarters of negative growth in a country's real Gross Domestic Product (GDP). There are other more comprehensive approaches in such definitions.

However, such a definition is largely meant for countries that are not self sufficient, & would need trade with other nations for import & exports.

As for countries like the USA or even Australia, which are self sufficient, it would be possible to claim that recession DOES NOT exist for such fortunate Nations, because they have all they need, in resources & population.

Furthermore, with more companies opening up in USA, creating employment, now producing lower costing goods thru the higher costs of imports in tariffs, to meet National demands, making up for any shortfalls, they need not export any product unless other Nations wishes to buy, such as tech & defense goods, even oil.

Thus may oligarchs not over work their puny heads over recession fears or fear mongering, but instead consider investing their profits into USA firms to help uplift American lives that they had abandoned for profits elsewhere in search for cheap or slave labor.


The ones to worry about recession are those nations whom are not self sufficient in resources, such as China.....



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[sbfuncle]

In my definition, there is no single definition of a recession becos

1. When a gov or media wants you to think there is a recession, they will tell you there is a recession. Similarly, when there is a recession, the gov or media can tell you there is currently no recession.

2. It is individual based I.e a person facing a recession doesn't mean another person is also facing a recession.

Lastly, use your own judgement to see if there is leelee a recession. Do not leely on anyone. As those economies textbook, theories, and gdp growth are all bull shits designed to con the average and low iq people.

Always Leemember this - a gdp growth does not represent the common peasants, it is for the growth of the gov and the elites.
When sg gov has growth, the money is not yours. They will increase their own salaries, citing good gdp growth and keep the rest in the reserves. And once a while give out a little vouchers.
The good jobs doesn't belong to you.

Think about it.

 

[syed putra]

Greed.
We don't see billionaires voting.
Only the masses think they can make a change by voting.

 

[sbfuncle]

In my definition, there is no single definition of a recession becos

1. When a gov or media wants you to think there is a recession, they will tell you there is a recession. Similarly, when there is a recession, the gov or media can tell you there is currently no recession.

2. It is individual based I.e a person facing a recession doesn't mean another person is also facing a recession.

Lastly, use your own judgement to see if there is leelee a recession. Do not leely on anyone. As those economies textbook, theories, and gdp growth are all bull shits designed to con the average and low iq people.

Always Leemember this - a gdp growth does not represent the common peasants, it is for the growth of the gov and the elites.
When sg gov has growth, the money is not yours. They will increase their own salaries, citing good gdp growth and keep the rest in the reserves. And once a while give out a little vouchers.
The good jobs doesn't belong to you.

Think about it.

Point number 3 very important to note.

3. When pm wong said - let's work together for a better sg.
It is utter nonsense.
There is no such thing as everyone is rich or better in this world.
You need poor people in order to have rich people.
The world cannot function with everyone having the same wealth status.

I will correct pm wong words on the spot if I can have a face to face with him on national TV.

The correction statement is

Let's work together for you to become richer and better, but not me.
And the meaning of your let's work together means asking Limpe to vote for you, correct?
As a leesult, pm wong will turn into a puppy, just like all those ceos whom I have used such tactic to make them run away with puppies sound.