Wait… I thought Trump was going to have inflation and grocery prices fixed on day 1
I know it’s been said, but it bears repeating, for the willfully ignorant in the back
We’ve been in a recession. The word you’re looking for now is depression.
Not really, maybe a blip of something in 2021-2022, but generally the US economy as a whole has been doing alright - Real GDP. Individual people though have been getting beaten up recently, but boy is that about to get worse.
the fantasy bullshit metrics that function as a half-lottery between the ultra wealthy, those have been doing fine
but nobody can afford rent eggs are 2$ each and nobody’s had a raise in years, so the way we distribute our resources WAS fine, but the lottery got weeird, so now our stuff is gonna get even more exploitative
read that back to yourself, dear.
I don’t disagree. My point was that we weren’t in a recession. Things may have been bad for many people, but that was when the “economy” was doing well.
Current indications are that the “economy” is heading for a downturn. If things were already rough for people, it certainly isn’t going to get better if that happens.
We know…we all sadly knew it all along.
Welp…
If you don’t test for recession, there can’t be any recession, right…???
🙄 🙄 🤡 🤡
Ah, taking the Russian approach, I see
Yep:
“Reduced transparency in official statistics is perhaps the most troubling aspect of disbanding FESAC,” wrote Claudia Sahm, a former Federal Reserve economist, at Bloomberg on March 11. “Cutting off agency staff from external advisers creates an environment where political interference could occur much more easily—and go undetected. With political officials such as Lutnick arguing publicly that GDP should exclude government spending, it is especially important to have external, independent experts.”
