☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 2 years agoCBS Poll analysis: If the economy is recovering, why don't people rate it better?www.cbsnews.comexternal-linkmessage-square10linkfedilinkarrow-up114arrow-down18
arrow-up16arrow-down1external-linkCBS Poll analysis: If the economy is recovering, why don't people rate it better?www.cbsnews.com☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 2 years agomessage-square10linkfedilink
minus-squareLibertyLizard@slrpnk.netlinkfedilinkarrow-up3arrow-down1·2 years agoA lot of this stems from incredibly flawed economic metrics that are used to drive policy decisions. The stock market and gdp growth are only tangentially related to the well-being of the populace, especially in the lower economic rungs.
minus-squaredavel [he/him]@lemmy.mllinkfedilinkEnglisharrow-up1arrow-down1·2 years agoYeah GDP is a garbage metric, and recent rises in stock, bond, and real estate value is what Michael Hudson calls “asset price inflation”.
A lot of this stems from incredibly flawed economic metrics that are used to drive policy decisions. The stock market and gdp growth are only tangentially related to the well-being of the populace, especially in the lower economic rungs.
Yeah GDP is a garbage metric, and recent rises in stock, bond, and real estate value is what Michael Hudson calls “asset price inflation”.