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We're seeing positive, consistent growth and high nominal GDP growth since 2021. In what universe is that stagnation? What do you think the stag- in stagflation
by laidoffamazon 2y ago
We're seeing positive, consistent growth and high nominal GDP growth since 2021. In what universe is that stagnation? What do you think the stag- in stagflation means?!
- jameslk 2y agoAnnualized GDP growth rate has slowed to 1.6% QoQ compared to 3.4% from the prior quarter. Meanwhile, inflation has continued to climb above the Fed’s target. This doesn’t necessarily indicate we’re in stagflation, but it certainly is an indication we’re moving a bit in the direction of stagflation. OP didn’t claim we’re in stagflation either.
- laidoffamazon 2y agoNot really, one quarter doesn't mean that much. When we had stagflation both inflation and unemployment was far higher. Please learn from history.
- jameslk 2y agoPlease don’t be condescending. I said a bit in the direction.