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Sorry, what's wrong with the US economy, exactly? We had a devastating pandemic over the last 16 months from which we're recovering rapidly (c.f. yesterday's r

Sorry, what's wrong with the US economy, exactly? We had a devastating pandemic over the last 16 months from which we're recovering rapidly (c.f. yesterday's really quite good jobs report), inflation seems to be a bit high though still historically low, credit markets are loose, investment rates remain extremely high historically, unemployment remains under control, wages seem finally to be moving upward after decades of stagnation... I mean... where's the bad news here?

cryptica 5y ago
>> I mean... where's the bad news here? Crime at all time highs. Homeless people. Rampant inflation. Censorship. I'm consuming multiple US media sources. My acquaintances in the US seem to support this narrative.
- newacct583 5y ago
  Sigh. Of that list, only one is even plausibly an "economic" indicator, and it's laughably wrong. Even squinting and spinning as hard as you can, you'd say that current inflation might be as high as 5% at this very moment. Which while higher than it's been in a decade or two is hardly a historical outlier. But then you have to conveniently forget that over the pandemic we experienced quite high deflationary pressure which is merely being eaten up. So in fact CPI and similar metrics are up about... 2.5% per year since 2019. Which is to say, business as usual. I'll ask again: which specific US media sources are telling you there is "rampant inflation"? They're lying to you.