just_another_person@lemmy.world to politics @lemmy.world · 2 months agoTrump will plunge U.S. somewhere 'between recession and depression': MSNBC analystwww.rawstory.comexternal-linkmessage-square47fedilinkarrow-up1447arrow-down110cross-posted to: news@lemmy.world
arrow-up1437arrow-down1external-linkTrump will plunge U.S. somewhere 'between recession and depression': MSNBC analystwww.rawstory.comjust_another_person@lemmy.world to politics @lemmy.world · 2 months agomessage-square47fedilinkcross-posted to: news@lemmy.world
minus-squareGhostalmedia@lemmy.worldlinkfedilinkEnglisharrow-up9arrow-down3·2 months agoThat shit was 2 years ago. Go look at the GDP numbers now.
minus-squarejagged_circle@feddit.nllinkfedilinkEnglisharrow-up4arrow-down15·2 months agoGDP doesn’t measure how well an economy is working. It doesn’t show you wealth inequality, for example.
minus-squareGhostalmedia@lemmy.worldlinkfedilinkEnglisharrow-up7arrow-down2·2 months agoSo now you, like Biden, don’t want GDP to define a recession?
minus-squarejagged_circle@feddit.nllinkfedilinkEnglisharrow-up2arrow-down11·2 months agoSe need something that considers wealth distribution
minus-squareGhostalmedia@lemmy.worldlinkfedilinkEnglisharrow-up3arrow-down1·2 months agoI’m replying to a thread about Biden arguing that GDP shouldn’t be the only indicator of economic health, but if we’re dogmatically looking at GPD, GDP is not in a classic “recession” territory.
That shit was 2 years ago. Go look at the GDP numbers now.
GDP doesn’t measure how well an economy is working. It doesn’t show you wealth inequality, for example.
So now you, like Biden, don’t want GDP to define a recession?
Se need something that considers wealth distribution
I’m replying to a thread about Biden arguing that GDP shouldn’t be the only indicator of economic health, but if we’re dogmatically looking at GPD, GDP is not in a classic “recession” territory.