- This topic has 2 replies, 2 voices, and was last updated 1 year, 7 months ago by
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Inflation down. Real wages are up. The Atlanta Fed thinks the economy will expand over 4%. Business is brisk. Any risk of a recession? Methinks not.
What recession? This summer’s economy is defying the odds. (msn.com)
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Mick, I beg to differ. Just the ongoing inverted yield curve suggests that a recession lies ahead. Leading indicators are not encouraging. Real wages have been mostly declining for the last two years and productivity increases over that period have been anemic. And that is only a partial list. I don’t feel particularly good about what lies ahead.
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And you were right. And you’re still right. Nearly 2/3rds of Americans think the economy is getting worse, per Gallup. What’s more, the percentage that believed America’s economy was improving has only crested 30% three times since 2021.
So much for Bidenomics.
U.S. Economic Confidence Plummets as 63% Believe Economy Is Getting Worse (msn.com)
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