Biotech/MedDev Engineer, Founder, Corporate sellout, and Contrarian in remission.
Interests in self organizing systems and cooperative economic structures.
For inquiry or long term discussion, please feel free to reach out to me: s1artibartfast.hn.correspondence at gmail
The latter. Big Banks lend to private equity because the profit is good and they are large enough to absorb the variability.
The public hates it because they see highly visible bankruptcies. They don't see the success stories, or the businesses successfully carved up for more value than the sum of their parts
purely academic definistions have a tremendous number of purposes.
Just as it would be silly to define a countries military equipment production capacity by public sentiment, the same is true for purely financial GDP.
There are tons of metrics that can used to articulate how the economy feels for average joe. We have low consumer sentiment, lagging median income, GINI, opinion surveys, ect.
Using the word "recession" adds gravitas by claiming something that isnt true.
This project is an enhanced reader for Ycombinator Hacker News: https://news.ycombinator.com/.
The interface also allow to comment, post and interact with the original HN platform. Credentials are stored locally and are never sent to any server, you can check the source code here: https://github.com/GabrielePicco/hacker-news-rich.
For suggestions and features requests you can write me here: gabrielepicco.github.io