A brief word on “the economy is strong” crowd.
— Danielle DiMartino Booth (@Discrimination) April 4, 2022
The U.S. economy is 68% consumption.
Real (inflation-adjusted) disposable income has sunk off trend & savings as % of disposable income below pre-pandemic levels.
How exactly does that equate to “strong”? @Quillintel @SoberLook pic.twitter.com/mWRTFje5YQ
Tuesday, April 5, 2022
The U.S. economy is 68% consumption.
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