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Isn't this exactly the doomslinging the upthread commenter was complaining about? You conceded that in aggregate the economy is "doing fairly well", and then l
by ajross 3y ago
Isn't this exactly the doomslinging the upthread commenter was complaining about? You conceded that in aggregate the economy is "doing fairly well", and then list a bunch of nitpicky reasons for you to believe the opposite. I mean, a mild drop in personal savings rate since the pandemic[1] and inflation that is higher than the last decade but just barely above its long term average don't really seem that concerning to me.
Economies are cyclic and there will always be doom in the future. But there's no good justfication for predicting any particular doom. You're reaching, basically.
[1] Conveniently ignoring the huge boom during the pandemic due to assistance programs.
- ThisIsMyAltAcct 3y agoI don’t think GP’s post is particularly doomery. I’m talking about people who think the statistics are all fake or wrong, but who believe sensational social media posts about hyperinflation and recession
- deleted 3y ago[deleted]