Now Everyone Can See It: The Economy Is Terrible \ stacker news ~econ

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Now Everyone Can See It: The Economy Is Terrible www.zerohedge.com/markets/now-everyone-can-see-it-economy-terrible

1011 sats \ 4 comments \ @siggy47 16 Feb econ

the last five years has convinced me and multitudes of others that official claims and numbers simply cannot be trusted. Testing my intuition against real experts, I commissioned a study from some serious data mavens who know this world better than I. They concluded that prices had risen at twice the levels admitted, that labor markets were weak, that output was low, and that we’ve been in technical recession since 2022.

Linked study:

https://brownstone.org/articles/recession-since-2022-us-economic-income-and-output-have-fallen-overall-for-four-years/

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183 sats \ 0 replies \ @Undisciplined 16 Feb

That's certainly more in line with how things feel on the ground. Maybe my position that we've been in a depression since the pandemic will be validated.

36 sats \ 0 replies \ @Rothbardian_fanatic 16 Feb

I’m guessing that we are going to get more truth now that Trump is in charge but it is not a truth we want to hear. Already we are seeing hot inflation numbers, revised jobs numbers, and lower inputs to the output numbers. It would not surprise me to see a back-dated recession being admitted by the summer, which will be trumpeted as proof that Trumponomics has failed and must be abandoned.

I would say so!! Amongst those of us commenting on this post, how many did not know the more realistic state of the economy? I have known since 2001 that there is a lot of malarkey, hijinks and shadowy crap going on with the statistics and the real-life situation. The signals are everywhere if you let yourself perceive them. Market signals are especially important and only missed if you have the state’s statistical blinders on.

36 sats \ 0 replies \ @BlokchainB 16 Feb

Since GFC of 2008 we been in a silent depression as coined by Emil Kalinowski where we have a tremendous wage shortage

0 sats \ 0 replies \ @Solomonsatoshi 16 Feb

Meanwhile the Chinese economy continues to gain on its already achieved global dominance. The USA is in a state of delusion about its fading power and significance. Global trade data is increasingly deficient- lacking data from the growing shadow economy between China where trade is settled in Yuan completely outside of theUSD/ SWIFT network.