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What a time to be "ALIVE" (lemmy.world)

submitted 5 months ago by LustyArgonianMana to c/memes

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[–] [email protected] 7 points 5 months ago* (last edited 5 months ago) (1 children)

Most of the world is already in an economic recession in the sense that median purchasing power of is dropping fast.
However economist are great at fudging the numbers to show "gdp growth". It true, absolute gdp is rising but it doesn't mean anything if it's evenly distributed.

[–] [email protected] 4 points 5 months ago

yup, just waiting to go past the tipping point where we'll be so poor nobody's going to buy products anymore causing a vicious circle