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Geoff Anderson's avatar

Wish I didn't agree with this.

It is bleak.

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Mr. S's avatar

>The American public has been convinced that the American economy—which The Economist (not exactly a left wing rag) has called “the envy of the world”—is the worst economy on earth. Over half of people believe we are in a recession, even though we are not.

Well that's probably because GDP and asset prices don't have anything to do with the majority of people's lives, the inflation numbers are meaningless because they don't include the necessities of life and job quality is declining and precarious, whatever the official unemployment numbers may be (also labor force participation rate is still below pre-covid levels and well below its turn of the millennium all-time highs).

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