3 ms·

The state of the economy is objectively good to great. 3.9% unemployment as of today. 5% GDP growth over the quarter.

• QuarterReptile 3y ago
  As long as those are your only (or dominating) objectives.
  • laidoffamazon 3y ago
    Those are the objectives of everyone, or at least they were until a Democrat was in office. Now we're being told low interest rates are the dominating objective of having a good economy, even though they're lower than when my parents bought their first and only house in 1994 and lower than they were during the dot-com bubble.
    • yoyohello13 3y ago
      Yeah we wouldn't want stupid measurements like 'happiness' and 'stress' to get in the way of GDP.
• bequanna 3y ago
  Compare food and housing costs vs earnings now and what they were 5 years ago. In reality, you don’t have to. You know that even if you have been getting a raise at work it is nowhere near what real inflation has been. This is objective reality. The economy is shitty for most.
  • laidoffamazon 3y ago
    Real disposable personal incomes are up from 5 years ago. The spike in 2020 was because of a flood of government money and all of the low wage workers being ejected from the workforce. https://fred.stlouisfed.org/series/DSPIC96 https://fred.stlouisfed.org/series/DSPIC96 The economy being fine to good is literally the only evidence available. Nobody is acting or voting like the economy is actually bad. We're seeing revealed preferences in action.
    • bequanna 3y ago
      “Real disposable incomes” <- this is based on an inflation measuring methodology that intentionally under measures inflation