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Post by easye on Apr 5, 2024 11:25:22 GMT -5
Better than a lot of the world, however Voters in swing states feel disconnected from the economic success.
Their own economic prospects they feel bullish about, but they are bearish on the Economy as a whole according to survey data. However, I am not sure how much you can really trust survey data anymore for a number of reasons.
There is a lot of reporting on this disconnect in US political news right now.
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Post by Disciple of Fate on Apr 5, 2024 12:07:33 GMT -5
Got to wonder how many undecided voters are left that could still care about facts like this. Overall we had a very small recession in the Netherlands, but its surprising that the current economy is relatively resilient given the recent inflation. Well, sometimes the devil is in the detail. The UK recession, for example, is much worse when considering GDP per person (as mentioned above) due to population increases. I don't know if something similar has happened in the Netherlands. The USA is definitely doing pretty well on the whole though, much better than a lot of Europe. Here we recovered due to strong labor negotiations seeing the largest average wage increases in decades, coupled with reduced inflation and reduced unemployment. Recent wage increases smoothed out the rampant inflation for a good part of employees, if not fully compensating for it.
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Haighus
Ye Olde King of OT
Posts: 874
Member is Online
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Post by Haighus on Apr 5, 2024 12:37:42 GMT -5
Better than a lot of the world, however Voters in swing states feel disconnected from the economic success. Their own economic prospects they feel bullish about, but they are bearish on the Economy as a whole according to survey data. However, I am not sure how much you can really trust survey data anymore for a number of reasons. There is a lot of reporting on this disconnect in US political news right now. The term I have seen for this is the "vibecession".
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skyth
OT Cowboy
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Post by skyth on Apr 8, 2024 13:41:23 GMT -5
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Post by Peregrine on Apr 8, 2024 14:42:03 GMT -5
Honestly I'm surprised it was only 9.5%, we must be making progress.
As for the disconnect between feelings and stats I think it highlights the difference between the magic line and the actual economy. The line is continuing to go up but the actual economy is in very poor shape with more and more people losing their safety margins and starting to fall behind. A comment I saw that put it very well: if I eat two pieces of bread and you eat nothing we have each eaten an average of one piece of bread and everything is fine!
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Post by Disciple of Fate on Apr 8, 2024 15:17:49 GMT -5
I like the joke version about the two economists in the woods.
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