At least prices are now rising more slowly — what’s called disinflation.
Jesus Christ, I can’t even with these fucks. These fuckers spend their time trying to define away everything inconvenient to them.
“Although lower prices may seem like a good thing,’’ Banco de España, the Spanish central bank, says on its website, “deflation can in fact be highly damaging to the economy.’’
How so? Mainly because falling prices tend to discourage consumers from spending. Why buy now, after all, if you can purchase what you want — cars, furniture, appliances, vacations — at a lower price later?
A fucking child has a better understanding of economic crises than these morons. They get paid 6 figures, if not millions to waffle on about completely wrong nonsense. They should lose all their money and be forced to “bootstrap” themselves out of homeless and extreme poverty, give them a bit of fucking perspective.
falling prices tend to discourage consumers from spending
I don’t know man, maybe i’m just dumb but when prices keep rising to the point i can’t afford to buy anything but the bare necessities of life that kinda tends to discourage me from spending, you know?
I guess that’s on me for not taking econ 101, if i did i would have known that the right thing to do to avert a financial crisis is go buy a new TV with money you don’t have. Thank you brilliant economic geniuses at Fortune for teaching me!
Prices falling driving lower demand makes a lot of sense for things that people don’t need. But for things like the rent, food, and healthcare that have been going nowhere but up for decades, there is obviously some inelasticity of demand in play. Expensive items that people often need like cars will see pent up demand if prices stay high for a long time. That’s one reason why EVs don’t sell well in the US anymore, because the people who can afford to spend $60000 on a huge SUV and want it to be an EV have mostly already done that. Meanwhile, the rest of us are broke!
It’s as if their real job is to produce propoganda to help their rich bosses (and themselves) get wealthier
Economists say you’re wrong for wanting to be able to afford more stuff, don’t you know that’s bad for the economy? Economists say you’re wrong for wanting to live longer, don’t you know that’s bad for the economy? Economists say you’re wrong for not wanting to be a slave, don’t you know that’s bad for the economy?
No, I quite want another depression to hit just to watch stock traders jump off the Exchange’s roof again. Self-splattering is better than what I want to do to them by a country mile. If they won’t stop rifling our pockets, raiding our checking and savings accounts, and won’t bring down the cost of living of their own accord, they deadass deserve worse than what China’s landlords got.
Sadly the stock broker jumpings are a popular myth. only three people committed suicide in the financial district and two were unrelated to the crash; as one was a German tourist who fell from his hotel balcony by accident and the other was an accounting clerk working in a brokerage office, but it has been reported that they had been overworked, delirious, and near total exhaustion for weeks leading up to the crash.
A third jumper was related to the crash, but they jumped out of their lawyers 7th story office after losing their wholesale produce business equity and life’s savings in the crash.
Ironically, the month of November had a lower then average suicide rate in general then what was forecasted. Sadly though, the coming months saw massive increases in the suicide rate for average working class people instead. Identical to what happened in 2008. Financial crashes only hurt the working class; as the rich know they’ll be taken care of. The poor are left to die in their stead.
Maybe we can copy China and catch the jumpers in nets so we can then get the personal pleasure of beating them to death?
Great Depression of the 1930’s came from the stock exchange crash on 1929. It was originated with manipulation in stock market and, in that moment, the overvaluation of the stocks, and, possibly, real or fake news that originate a wave of sales that lead to the wall street stock exchange crash and, then, to the 1930s great depression.
That meaning that fall of overvaluated prices, step by step, is the opposite of GD of the 1930s.
