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we are still negative GDP growth which is a disaster even if unemployment stays where it is, because it means our economy is becoming less productive and less e
by ren_engineer 4y ago
we are still negative GDP growth which is a disaster even if unemployment stays where it is, because it means our economy is becoming less productive and less efficient. Which isn't really that shocking when you consider money is being printed and handed out rather than allocated efficiently. Bunch of debt accumulated with not much to show for it
The US is becoming the equivalent of the startup meme of losing money on every sale and making it up with volume
- UncleOxidant 4y agoHow is falling productivity (and it has been tanking the last couple of quarters) caused by easy money policies? Seems like it's more related to the large number of folks who have gotten covid over the last six months or so. That and supply chain disruptions (at least partly due to China's 0-covid policies shutting down a lot of factories there - so that can be blamed on covid as well).
- JumpCrisscross 4y ago> How is falling productivity (and it has been tanking the last couple of quarters) caused by easy money policies? SoftBank, Tiger, crypto. Bad Capital allocations. Likely unfeasible in a high cost-of-capital world. (On the other hand: Uber, SpaceX and TSMC.)
- cjsplat 4y agoExcept gross domestic income continues to grow, so either it or GDP is wrong. Maybe the people with a vested interest in making things look bad are driving the dialog.
- ren_engineer 4y ago>look bad if you've been to a grocery store you don't need anybody trying to make things look bad, you can look at your receipt. Record levels of credit card debt and the rate of auto loan defaults tells you all you need to know