If a prediction of a recession causes the market to crash, can it be said that the prediction itself is part of the cause of the recession? Like a self-fulfilling prophecy?
In: Economics
The definition of a recession is two or more quarters of retarded economic development, keep that in mind. Media is frenzied with throwing the word around. Also, we can’t really tell b/c the elephant in the room that we all see of course in this example is too big to take other economic variable conditions at the moment. So we are left with yo-yoing volatility and a lot of speculation.
People have been predicting a recession for 2 years now, at what point did they call it?
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