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by ZanyProgrammer 3777 days ago
I'm pretty much convinced that (as someone with an actual academic background in economics) that most economic predictions are bullshit, regardless of who makes them. The economy may very well be headed to a downturn, but there's zero way to accurately tell how bad it'll be-Great Recession, early 00s, early 90s bad, something worse, something better? "Economic collapse" is so vague and alarming as to be useless (unless you have shares in a Prepper biz you are trying to inflate).
2 comments

And especially when "everyone" is predicting a collapse. That makes me more confident than anything that everything will be okay.
If everyone was predicting a crash, then we'd have one already, because the markets would reflect that.
People seem to have forgotten that we can have recessions without financial crises or "collapses."