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Hiding the economics has been successful so far. When stimulus options and eviction moratoriums finally run out, we can assess the economy at that time. This
by ddingus 5y ago
Hiding the economics has been successful so far. When stimulus options and eviction moratoriums finally run out, we can assess the economy at that time.
This is seriously jumping the gun. Well in advance.
- paulpauper 5y agoThe stimulus ran out long ago. This growth 8sborganic due to increased productivity and increasing growth and dominate of large tach and retail firms that emerged stronger than ever from the pandemic. The stock market is a forward indicator. If the economy were propped up by stimulus and stimulus is finite, then the market would not have risen so much.
- ddingus 5y agoOh no it hasn't. People getting child credit payments, the impact of all the loans that don't have to be paid back is still out there, and the moratoriums on eviction and rent assistance are all still out there as well.
- ddingus 5y agoAnd you ask the majority of Americans, and they don't give two shits about the market. What they're interested in is cash flow, does the income from labor meet their needs, can they feed their kids so on and so forth. Just like in the 2008 recovery period, lots of people proclaimed we were back that it was over we're in recovery, meanwhile way more Americans than we would like to admit I didn't really have a recovery, they just settled into a new worse higher cost higher risk normal.