this post was submitted on 04 Apr 2025
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MAGDA - Making a Great Depression Again
Well, as far as I'm concerned we haven't, as a species, economically, bounced back from the recession of the pandemic and all the shenanigans that came in the aftermath of that. Leading up to the pandemic, we had an app time wage stagnation, where wages were basically unchanging for over a decade.
Then the whole pandemic and inflation pricing leading to record profits for most companies because they kept all the money rather than giving anyone a raise or a discount on their products.
Yadda yadda yadda. I feel like I'm preaching to the choir, we all lived through it, so..... Moving on.
As far as I'm concerned we are in a recession, and have been since the pandemic. So along tariffs and starting a trade war is basically adding kerosene to the economy that was already smouldering in a recession.
At this point, I'd be surprised if there isn't a great depression that happens as a result of this insanity.
I'm not even American and I'm bracing for it to happen.