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Good article and I'm sure it's all correct. But despite mentioning loads of reasons for the downturn, it fails to mention high prices due to inflation. Most of the businesses being hurt depend on discretionary spending. "Let's spend the weekend in The City." Nope. "Let's go for a drink. Let's go dancing. Let's go shopping." Naw, let's not. People are spending only what they have to spend in order to function.

https://apnews.com/article/san-francisco-downtown-retail-exodus-6c956f6f219a25aafd292f567a45a302

#SanFrancisco #downturn #inflation #spending

#sanfrancisco #downturn #inflation #spending

Last updated 1 year ago

Original post

CryptoNewsBot · @cryptonewsbot

663 followers · 33661 posts · Server schleuss.online

Binance US Records Massive Discrepancies as USD Exchange Rates Plummet by 16% in July - As of July 17, 2023, fresh data indicates a concerning rise in discrepancies betwe... - https://news.bitcoin.com/binance-us-records-massive-discrepancies-as-usd-exchange-rates-plummet-by-16-in-july/ #binanceusgreenbacks #worldwideaverage #digitaleconomy #discrepancies #exchangerates #globalaverage #binanceususd #astonishing #binance.us #concerning #valuation #downturn #mid-july #16%wide #bitcoin #news

#news #bitcoin #mid #downturn #valuation #concerning #binance #astonishing #binanceususd #globalaverage #exchangerates #discrepancies #digitaleconomy #worldwideaverage #binanceusgreenbacks

Last updated 1 year ago

Original post

CryptoNewsBot · @cryptonewsbot

564 followers · 29797 posts · Server schleuss.online

Smart Contract Tokens and Defi Sector Suffer Steep Losses, Threatening TVL to Fall Below $40 Billion - The overall value of the crypto economy has dropped by more than 5% against the US... - https://news.bitcoin.com/smart-contract-tokens-and-defi-sector-suffer-steep-losses-threatening-tvl-to-fall-below-40-billion/ #decentralizedexchange #marketcapitalization #smartcontracttokens #robinhooddelisting #totalvaluelocked #cryptomarket #blockchain #defisector #valuedrop #downturn #ethereum #ada

#ada #ethereum #downturn #valuedrop #defisector #blockchain #cryptomarket #totalvaluelocked #robinhooddelisting #smartcontracttokens #marketcapitalization #decentralizedexchange

Last updated 1 year ago

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mohansus · @mohansus

195 followers · 131 posts · Server newsie.social

Germany has entered a recession. Destatis, the German federal statistical agency reported a "contraction" of 0.3% in GDP in the three months leading to March, on the back of a 0.5% drop in Q4 2022.

Though, this "news" baffled many, it is in the least bit "surprising", given that Putin turned off the "cheap" gas spigot

Mebbe the "effects" of the Ukrainian war are being felt now.

https://rammohansusarla.in/2022/07/24/why-i-believe-that-the-coming-downturn-is-a-bottomless-recession/?preview=true&frame-nonce=7cd4910218

#germany #economy #recession #gdp #eurozone #china #gas #downturn #uk #putin #ukrainewar

#Germany #economy #recession #gdp #eurozone #China #gas #downturn #uk #putin #UkraineWar

Last updated 1 year ago

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bpolynet · @bpolynet

49 followers · 427 posts · Server mastodonapp.uk

#Brexiteer #Rachel #Maclean Claims Economic #Downturn Has #Nothing To Do With #Brexit!
Thx #Robespierre!!
😂😂😂😂😂😂😂😂😂😂
What planet are the #tories on?

#Brexiteer #rachel #maclean #downturn #nothing #brexit #Robespierre #tories

Last updated 2 years ago

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Aaron · @hosford42

295 followers · 1478 posts · Server techhub.social

We need more laws that encourage the establishment of #cooperatives over "traditional" for-profit #corporations.

Cooperatives send any profit back into the #community, reducing #inequality. Corporations gather all that money and pass it off to 3rd parties, increasing inequality and draining communities of their wealth and income.

Cooperates work to serve the community, because they are owned by the community. Corporations are incentivized to #externalize costs for the sake of #shareholders, whether that means #gouging customers, #underpaying workers, or damaging the #environment.

Cooperatives are #robust to economic disruptions, because funds are community-sourced and profit is not the sole motive for their existence. Corporations go out of business or abandon markets when there are economic crises or a #downturn makes business unprofitable.

So many of the problems we face in our economy can be addressed by encouraging the cooperative business model.

#cooperatives #corporations #community #inequality #externalize #Shareholders #gouging #underpaying #Environment #robust #downturn

Last updated 2 years ago

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Eka A. · @Eka_FOOF_A

65 followers · 1946 posts · Server spacey.space

@show I'm wondering how much of this #downturn is #engineered by #OldMoney to allow them the time to realign their #investments, by slowing down the competition. I'm referring to their investments in both the #OilIndustry and legacy #ICE auto industry. For the old auto industry it won't work because #Tesla will keep pumping out cars and can afford to drop the prices on them a lot more. On the oil side, any delays are $billions more in revenue.

#tesla #ice #oilindustry #investments #oldmoney #engineered #downturn

Last updated 2 years ago

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block-bote.de · @blockbote

8 followers · 1229 posts · Server techhub.social

Blockchain.com Slashes Workforce Crypto Industry Downturn #blockchain #cryptocurrency #downturn https://cutt.ly/22L4r8R

#blockchain #cryptocurrency #downturn

Last updated 2 years ago

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mohansus · @mohansus

171 followers · 36 posts · Server newsie.social

I'll be more than willing to be proved wrong, but, I do think #2023predictions include a #bottomless #recession.

Not only would the #downturn be worse than predicted, it would definitely not be a "sharp and short" one but, a "protracted and shallow" #slowdown rivaling the great #depression.

Read on for the 'reasoning" behind my assertion, though I also feel the coming #year would be very "unreasonable" to the #globaleconomy.

https://rammohansusarla.in/2022/07/24/why-i-believe-that-the-coming-downturn-is-a-bottomless-recession/

#2023predictions #bottomless #recession #downturn #slowdown #depression #year #globaleconomy

Last updated 2 years ago

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Fernando Barbella · @FLBarbella

30 followers · 322 posts · Server mastodon.social

Harvard Business Review - Holding Onto Your Marketing Budget in a Downturn

#advertising #marketing #downturn "As some competitors dial back their spend during the turndown, advertisers who stay the course are likely to realise big benefits." https://bit.ly/3FmEQG1

#advertising #marketing #downturn

Last updated 2 years ago

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E. Spagolla 🔶 · @spagolla

17 followers · 40 posts · Server mastodonapp.uk

Open media

Many #entrepreneurs I talk with are worried about getting the funds for their #startups with a #recession over us. But, we need to remember that many successful startups were born in recession periods.
🚀
#Downturn periods are often #innovation periods. #Constraint helps boost #creativity, and #investors are willing to bet on who can do more with less. Investors don't go away. They are more focused on "risking" their #money, putting them in the right #venture.
🚀
#business #venturecapital #company

#entrepreneurs #startups #recession #downturn #innovation #constraint #creativity #investors #money #venture #business #venturecapital #company

Last updated 2 years ago

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calamur · @Calamur

862 followers · 799 posts · Server mastodon.social

Open media

this is the 3rd layoff wave, in the last 20+ years that I am living through.

a) it may seem like the end of the world, it isn't

b) you will bounce back

c) you will flourish.
#layoffs #downturn #technologyBubble

https://spectrum.ieee.org/tech-layoffs-2022

#layoffs #downturn #technologybubble

Last updated 2 years ago

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Liam · @oconcubhair

20 followers · 54 posts · Server mastodon.ie

I wonder is it a sign of the #downturn.. a number of houses that were SaleAgreed and back up as for sale!

#downturn

Last updated 2 years ago

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DukeBerlin · @DukeBerlin

18 followers · 165 posts · Server hessen.social

Open media

Interesting broadcast: „A new kind of global #recession - Why is this time different“

https://youtu.be/cD3o6tqP9pI

What is you view on the global #economy ? Is a #downturn ahead or do we just need a bit more #optimism?

#optimism #downturn #Economy #recession

Last updated 2 years ago

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Cryptocurrency News Worldwide · @CryptoBot

1253 followers · 64410 posts · Server aspiechattr.me

BeInCrypto - Crypto Investment Maturing Despite Downturn, Says KPMG Report

Crypto Investment Maturing Despite Downturn, Says KPMG Report

https://beincrypto.com/crypto-investment-maturing-despite-downturn-says-kpmg-report/

#CryptoInvestments #CryptoAdoption #VentureCapital #KPMGCrypto #downturn #Markets

#cryptoinvestments #CryptoAdoption #VentureCapital #KPMGCrypto #downturn #markets

Last updated 2 years ago

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mulatto_epiphanes · @thelightskinnerd

29 followers · 1193 posts · Server brighteon.social

Open media

"Sales volume of existing homes plunged by 20% from a year ago across the US, and by 31% in California, and by 41% in San Diego. Median prices in the West have begun to drop, and in the San Francisco Bay Area fell below year-ago-levels, including by 8% in San Francisco. Sales of new houses plunged by nearly 30% year-over-year across the US, and in the West by 50%, as the supply of new houses has exploded to 11 months, the highest since the peak of Housing Bust 1. And big institutional buyers have started to pull out of this market because they don’t want to overpay. This has been going on for months."
https://citizens.news/654301.html
#economy #horror #crisis #downturn #job #houseoftiktok #layoff #realestate #market #recession #mortgage #rent #foreclosure #eviction