upcarta
  • Sign In
  • Sign Up
  • Explore
  • Search

The Coming Recession: Glass Half Full?

  • Newsletter
  • Nov 16, 2022
  • #Inflation #Economics
Corbett Barr
@CorbettBarr
(Author)
www.corbettbarr.com
See on www.corbettbarr.com
1 Recommender
1 Mention
What is a recession anyway? I’ll spare you a debate over the ”official” definition, but basically it’s a protracted period where people and businesses spend less money, which causes... Show More

What is a recession anyway? I’ll spare you a debate over the ”official” definition, but basically it’s a protracted period where people and businesses spend less money, which causes the economy to shrink.

A shrinking economy is bad for everybody: people lose jobs, businesses lose money, bankruptcies happen, the stock market drops and lenders stop lending.

Whether a recession will happen is influenced by whether people think a recession will happen. It’s a self-fulfilling prophecy, according to Robert Schiller:

While there are many reasons behind the increasing chances of an economic downturn, from inflation to the war in Ukraine, Shiller said that he believes a recession may become a “self-fulfilling prophecy” as consumers, investors, and companies prepare for the worst and slow down their spending.

“The fear can lead to the actuality,” the famed economist argued.

Recession predictions have flooded Wall Street to start the year, with everyone from JPMorgan Chase CEO Jamie Dimon to billionaire investors like Carl Icahn sounding the alarm. The consistent doomsday forecasts coupled with nearly four-decade high inflation have many consumers feeling pessimistic.

Show Less
Recommend
Post
Save
Complete
Collect
Mentions
See All
Justin Jackson @JustinJackson · Nov 18, 2022
  • Post
  • From Twitter
"Keep your powder dry, plant seeds during recessions, harvest them during the upswing." @CorbettBarr's new newsletter is really great.
  • upcarta ©2025
  • Home
  • About
  • Terms
  • Privacy
  • Cookies
  • @upcarta