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Hasbro Game Sales Drop Nearly A Quarter (due to MtG and Digital Games)
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<blockquote data-quote="Willie the Duck" data-source="post: 8828928" data-attributes="member: 6799660"><p>The fundamental issue here is that economic recession is a jargon word used by economists to mean a very specific thing within the economic outlook (a generally negative situation), but various people have latched on to it as a catchall term for any and all generally negative economic situations. It would be like if 'getting a flat tire' was used as a catchall term for any kind of automotive breakdown. You can have a negative economic situation without it being a recession just like you can have your car break down without it being a flat tire. </p><p></p><p>Recession in general is a poor shorthand for economic woe in general, if for no other reason than because it is inherently retrospective -- you look backwards at a timeframe and determine <em>'hey, that was a recession.'</em> That said, since all of this is tied to political horseraces (in the incredibly complex algorithm of assigning blame - real or perceived - for the state of the economy), it's useful for there for there to be a relatively unchanging* guideposts for such things that are applied to all parties-to-whom-one-lauds/blames-for-the-state-of-the-economy. After all, it is nearly certain that a very similar economic situation will happen again in your lifetime when your preferred side is on the other side of the in-power/not-in-power line. Regardless, it's certainly useful to know after the fact, and more useful to know the actual indicators by which one determines like the current situation might eventually be deemed a recession. At the same time, if your family or business (or favorite game company's business) is struggling, it really doesn't matter to you if right now isn't technically a recession.</p><p><span style="font-size: 9px">*The exact weighing of factors (personal incomes, employment, consumer spending, retail sales, industrial production, and so on) for what constitutes a contracting economy are chosen by the nonpartisan NBER (it should be pointed out that those weights have <u><em>not</em></u> recently changed).</span></p><p></p><p></p><p>We are as well (although I don't remember a time when any of my gaming groups tried to be completionists, except one guy who said so at the beginning of 3e and quickly realized this would be implausible).</p></blockquote><p></p>
[QUOTE="Willie the Duck, post: 8828928, member: 6799660"] The fundamental issue here is that economic recession is a jargon word used by economists to mean a very specific thing within the economic outlook (a generally negative situation), but various people have latched on to it as a catchall term for any and all generally negative economic situations. It would be like if 'getting a flat tire' was used as a catchall term for any kind of automotive breakdown. You can have a negative economic situation without it being a recession just like you can have your car break down without it being a flat tire. Recession in general is a poor shorthand for economic woe in general, if for no other reason than because it is inherently retrospective -- you look backwards at a timeframe and determine [I]'hey, that was a recession.'[/I] That said, since all of this is tied to political horseraces (in the incredibly complex algorithm of assigning blame - real or perceived - for the state of the economy), it's useful for there for there to be a relatively unchanging* guideposts for such things that are applied to all parties-to-whom-one-lauds/blames-for-the-state-of-the-economy. After all, it is nearly certain that a very similar economic situation will happen again in your lifetime when your preferred side is on the other side of the in-power/not-in-power line. Regardless, it's certainly useful to know after the fact, and more useful to know the actual indicators by which one determines like the current situation might eventually be deemed a recession. At the same time, if your family or business (or favorite game company's business) is struggling, it really doesn't matter to you if right now isn't technically a recession. [SIZE=1]*The exact weighing of factors (personal incomes, employment, consumer spending, retail sales, industrial production, and so on) for what constitutes a contracting economy are chosen by the nonpartisan NBER (it should be pointed out that those weights have [U][I]not[/I][/U] recently changed).[/SIZE] We are as well (although I don't remember a time when any of my gaming groups tried to be completionists, except one guy who said so at the beginning of 3e and quickly realized this would be implausible). [/QUOTE]
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