You Know it’s a Depression When…
Making sense of conflicting economic reports
I’ve been writing a lot about the upcoming 2024 Presidential election. I’m going to take a tactical pause on that for a few weeks as the new dynamics of a Harris / Trump contest continue to develop.
We’re seeing a lot of conflicting economic news coming out right now. How about this headline from Breitbart News? GDP Shows the Economy was Stronger and Weaker Than We Thought.
A good friend of mine likes to quip that a RECESSION is when the other guy loses his job, but a DEPRESSION is when you lose your job.
I read this article with that thought in mind. Let’s imagine what that might look like:
GML is Downsizing
“I know, Josef, I know.” Stass nodded his head slowly. “The layoffs. I remember you wanted to buy as much time as possible for our employees, but with the deflationary pressures degrading all aspects of GML operations, we really had no choice.”