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by david927·3y ago·view on hn ↗
Which is all to avoid having to admit you're in a recession to avoid the self-fulfilling prophecy aspects of that.

Economists, of course, have a lot of pressure sometimes to avoid speaking the truth, lest they exacerbate the situation. I get that.

Again, I'm not concerned that we're "going into a recession." I'm concerned that we're going into a depression, or decades of stagflation, or war.