Re:U.S. Economy Contracts at 0.3% Rate in First Quarter
by arrrg on Wednesday April 30, 2025 @11:17AM
(#43846476)
US post pandemic economic recovery has been astonishingly great measured against other major economies.
Obviously (real) wages did take a hit like everywhere but have been recovering, too.
My working theory is that noticeable inflations makes people go crazy and trumps anything else. Completely closes people off to rational thought and that’s what sunk Biden. Despite awesome economic recovery given the circumstances.
Obviously (real) wages did take a hit like everywhere but have been recovering, too.
My working theory is that noticeable inflations makes people go crazy and trumps anything else. Completely closes people off to rational thought and that’s what sunk Biden. Despite awesome economic recovery given the circumstances.