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Wonder if MSNBC/BSNOW is still predicting a world-ending recession...
Also I paid for something at a store in cash and got exact change. Its going to suck once pennies are gone.
https://en.wikipedia.org/wiki/Lump_of_labour_fallacy
How many times do I have to teach you this lesson, old man?
Unemployment is the highest since Covid. Jobs are going away, and Wall St is having a party knowing the shedding of all those jobs will increase productivity and cut salaries.
Up and until these upper income earners, the only ones spending money right now lose their jobs, and don't spend.
That's when the maelstrom begins.
And so we can't go by Wall Street, being good news for them at the moment is very bad news for Main Street.
Has nothing to do with economic growth though. Fact is, Trumps economy is doing extremely well, despite all the fear porn pundits telling everyone of an oncoming recession hoping to scare consumers and investors into creating one.
i know very little about economics i am one of the few here that will admit that
but i never believe the official story!
"Even a blind chicken finds a grain sometimes."
Or the doomsayers were intentionally misleading people because of their political obsessions.
It's a question of how you do business. Not by putting social, environmental, and peace concerns on the back burner.
Words, theories, accusations, and fear porn produced by the very same doomsayers.