Economics

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Recession has struck some of the world's top economies. The US keeps defying expectations (apnews.com)

submitted 10 months ago by farcaster to c/economics

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[–] farcaster 3 points 10 months ago (2 children)

Consider the situation in the rest of the world though. I hear from my European friends that not only inequality over there is worse than ever, their overall economies are stalling and governments are cutting spending. The US appears to be doing comparatively well, though as usual the poor still aren't getting much out of it.

[–] dumpsterlid 1 points 10 months ago* (last edited 10 months ago)

The US appears to be doing comparatively well, though as usual the poor still aren’t getting much out of it.

The poor of course includes most of the 99% since unless you are absurdly rich in the US than all those nice economic numbers and stock market babble they spout on business news channels has absolutely zero percent to do with you.

[–] PP_BOY_ 0 points 10 months ago

All of that applies 10x over for America