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by rcarr
1263 days ago
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I look at recessions as being analogous with a bodybuilding cut cycle. You go through a bulking cycle to build muscle and to do so you consume a calorie surplus. Because it's difficult to tailor your macros precisely, you most likely put on a bit of fat at the same time. So after a period of bulking you undertake a cut cycle, where you burn off all the fat you don't want. In economic terms, in the bulk cycle there's lots of resources sloshing around so it's easy to start a business, get finance and grow. Then in the cut cycle, the businesses that prove their value remain and we collectively dispense of the ones that don't. Whilst it is healthy for the overall group, it's not much comfort for the individual humans on the losing end and we should probably do more to help them rebuild their lives afterwards. |
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