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"The economy is doing fine — it's just the people who aren't."
by petermcneeley 2y ago
"The economy is doing fine — it's just the people who aren't."
- laidoffamazon 2y agoUnironically yes, and it's mostly a media reaction to higher rates. I recall "Forecast for US Recession Within Year Hits 100% in Blow to Biden" [0]. Turns out massive investment in America spurs growth even with rates as high as they were during the Dot Com boom! [0] https://www.bloomberg.com/news/articles/2022-10-17/forecast-for-us-recession-within-year-hits-100-in-blow-to-biden https://www.bloomberg.com/news/articles/2022-10-17/forecast-...