3 ms·
I think the economy is doing decently in aggregate, but doing either extremely great or extremely bad depending on which specific part of the economy you look a
by Dalewyn 2y ago
I think the economy is doing decently in aggregate, but doing either extremely great or extremely bad depending on which specific part of the economy you look at. Kind of like how the US Air Force will tell you there is no such thing as The Average Man.
Looking at the securities market (stocks and bonds) they're basically a statistical anomaly with how good they're doing. Inflation is irrelevant with luxury goods and bad with life's necessities. Cost of housing is too high in the metros and reasonable in rural regions. Wages and salaries for the rank and file are stagnant but are going up for management. etc. et al.
- nostromo 2y agoBonds are not doing well. Far from it.
- Dalewyn 2y agoAnd yet US Treasury bonds are the gold standard for bonds. Besides, if the theory of inverse correlation or no correlation between bonds and stocks (read: the economy) holds, it's arguably a good thing bonds in relative terms aren't doing too hot right now.