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For politicians, economy is the GDP and stock market. For the common folk, economy is their purchasing power. That's where there's the disconnect.
by RicoElectrico 2y ago
For politicians, economy is the GDP and stock market.
For the common folk, economy is their purchasing power.
That's where there's the disconnect.
- Ekaros 2y agoAnd for financial media it is the stock market. Which can be separate from the purchasing power.
- RicoElectrico 2y agoNB: I added stock market and didn't see your reply.
- Workaccount2 2y agoWhats bizarre though is that consumer spending has been strong. There is this bizarre mixed signals problem where all the metrics look strong, and yet all the people are complaining. My personal belief is that the crazy economics of the pandemic was kick in the head to most people's perceptions of finances. Things got really good for a lot of middle and lower class people, and now there is pain in the return to normal. And housing.
- anon291 2y ago[flagged]