News for hackers. Stuff that matters.
Re:The tech bubble that never burst by gruez on Tuesday April 19, 2022 @12:53PM (#31085682)
>Actual production shrank

It did? According to https://fred.stlouisfed.org/series/USMANNQGSP, it's been steadily going up. The only thing that's shrinking is its proportion of GDP. https://fred.stlouisfed.org/series/VAPGDPMA

> and almost no one can afford housing until they're middle aged

...except that shadowstat's inflation figures outstrips even housing prices[1]. Eyeballing their chart, we've been experiencing 9% growth between 2000 and 2020, translating to a 460% increase. By comparison the housing price index has only gone up 184%

[1] https://fred.stlouisfed.org/series/CSUSHPISA

There are no comments on this comment yet.