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Nearing the end of a business cycle, possibly. But the economy wasn't particularly strong, it just wasn't terrible. GDP was okay, but employment still wasn't gr
by hueving 8y ago
Nearing the end of a business cycle, possibly. But the economy wasn't particularly strong, it just wasn't terrible. GDP was okay, but employment still wasn't great, inflation was weak, and wages stagnant.
It really feels like the chickens are going to come home to roost on the next downturn due to the massive stimulus preventing the last one from being fully realized while simultaneously putting massive debt onto the US balance sheet.
- beginningguava 8y agoyeah, capitalism doesn't work if the government picks winners and losers. A recession is often a good thing, kind of like how natural forest fires clear things out. This time the government intervened and simply kicked the can down the road.
- polotics 8y agoRight: unemployment is so low, some people have two or three jobs! Wages tell the real story.
- hueving 8y agoI don't think you understand what the term unemployment means. AOC made the same mistake.