so we're in another recession?

[SirReginald]

this.
but yea...with the uk leaving the EU and the pound dropping to a low that hasnt been seen since 1982 and stock markets plummeting we're going to see some fukkery ahead.

Hopefully, it won't be Great Recession bad I wanna have the chance to fukk chicks They don't wanna mess wit a broke nikka

 

[Treblemaka]

yes. it was a bull market until last year.

Companies having good balance sheets doesn't mean the working class is doing well.

 

[ba'al]

We're not in the one from 2007 wee got out of that around 2012-2013, there will always be broke people. It just seems like more if your social circle is formed by a disproportionate majority of said broke people.

Don't end up like this guy

Economics is convoluted, imo honestly. Isn't this country trillions of dollars in dept?

 

[Ol’Otis]

Economics is convoluted, imo honestly. Isn't this country trillions of dollars in dept?

yep

 

[Unknown Poster]

Economics is convoluted, imo honestly. Isn't this country trillions of dollars in dept?

About 18 Trillion dollars in debt to be exact

 

[Software]

Economics is convoluted, imo honestly. Isn't this country trillions of dollars in dept?

Yeah but if they made us pay it back the whole world's economy would collapse in on itself. What is important is annual GDP growth year over year

 

[calixprynce]

it dont matter . Federal Reserve crankin them notes out night and day . currency aint backed by shyt , just print more fancy paper . nikka you'll know when that time come

 

[Ol’Otis]

Yeah but if they made us pay it back the whole world's economy would collapse in on itself. What is important is annual GDP growth year over year

it seem like we're consuming more than we produce

 

[Software]

it dont matter . Federal Reserve crankin them notes out night and day . currency aint backed by shyt , just print more fancy paper . nikka you'll know when that time come

 

[ba'al]

About 18 Trillion dollars in debt to be exact

Damn.

Yeah but if they made us pay it back the whole world's economy would collapse in on itself. What is important is annual GDP growth year over year

Yeah. It's crazy macroeconomics are confusing to me.

 

[Londilon]

yes. it was a bull market until last year.

You mean white people were out of the recession not us nikkas.

 

[Londilon]

When the economy been in a recession so long people forget .

nikkas remained in the recession while hipster cacs was drinking champagne in the hood.

 

[Londilon]

We're not in the one from 2007 wee got out of that around 2012-2013, there will always be broke people. It just seems like more if your social circle is formed by a disproportionate majority of said broke people.

Don't end up like this guy

White people were out of the recession, but sure.

 

[Software]

White people were out of the recession, but sure.

Conversely by saying this you're saying that Black people are poor in and out of a recession

Don't breh

 

[JoogJoint]

Conversely by saying this you're saying that Black people are poor in and out of a recession

Don't breh

That poster is right. Black people still have high unemployment. It's not because we're lazy, but we have less connections to the workforce than other groups do.