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158 sats \ 1 reply \ @Undisciplined 20 Feb \ on: Tariff fears tied to biggest construction cost jump in 2 years econ
With so many economic institutions changing, it's hard to imagine there won't be a recession.
Recessions are generally caused by widespread resource misallocations that need to be corrected. When the whole economy is adapted to one set of norms (ZIRP, free trade, open borders, growing bureaucracy, etc) and those things change, there are suddenly a bunch of misallocated resources that need to change uses.