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It’s interesting to see this and consider if this is real growth. To some extent, a pig-through-the-python phenomenon is observable in various data sets. A less
by the_optimist 3y ago
It’s interesting to see this and consider if this is real growth. To some extent, a pig-through-the-python phenomenon is observable in various data sets. A less favorable interpretation is that:
1) the initial shock was so great that it massively distorted the median. quarters later, 2) we are now seeing nouveau riche, both corporate and personal, begin to distribute windfalls through consumption. I’d like to see the marginal Gini coefficient, and the change relative to historic rank-ordering.