How can the US economy continue to grow when inflation is NO...
How can the US economy continue to grow when inflation is NOT under control. corporate profits are declining, so many indicators of an economy tipping into recession. Data like jobs numbers are fudged, banks are struggling, corporate debt is ballooning while consumer debt is off the charts. Corporate bankruptcy is all time high. So many signals yet people still want to believe all is well.
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71766319 : Agree
. Also keep in mind student loans just restarted for many. People are "strapped" for cash right now
Ixy The CatOP 71766319: Personal consumer debt in the US is extremely high. As you mentioned, student debt is about USD 1.5 trillion. More alarming is Credit Card debt which has exceeded USD 1 trillion. Many are not able to pay off their amounts due every month and are carrying over their outstanding debt at average APR of 21%. Many are resorting to buy now pay later schemes for basic necessities or pay day loans. Pay rises can't match inflation so people resort to second jobs or gigs, which skews job numbers.
SpyderCall : The stock market doesn't react until a recession smacks them right in the face. It can see the world burning down around it, but it won't call the fire department until it itself is on fire. Of course, by that time, it is too late.