You are viewing a single comment's thread from:

RE: What will the next recession look like?

in #singularity • 6 years ago

I wonder if this just shows how much the economists can twist the numbers? Don't forget that they print lots of fiat in recessions, so the stock market gets a big boost, because stocks are worth more fiat but it doesn't mean they are doing better. Maybe put this on the same chart as the decline in value of the dollar?

6 years ago in #singularity by
$0.00
    Reply 3
    Sort:  
  • Trending
    • [-]
     6 years ago 

    dollar-devaluation-1913.png

    This seems to me like a slowing down process. Maybe just linear. The most amazing thing that almost every aspect of human development is exponential. (did you read "The Singularity is Near"?)

    $0.00
      Reply
      [-]
       6 years ago 

      I didn't read it but I did watch something about it. Population growth changes the numbers as well. More people in the work force increases GDP but as we've seen in recent years, they might not be earning more.

      Posted using Partiko Android

      $0.00
        Reply
        [-]
         6 years ago (edited)

        I think we are entering an era of total automation. It is likely that GDP will depend more on robots than on humans.

        $0.00
          Reply