just_another_person@lemmy.world to politics @lemmy.world · 25 days agoTrump will plunge U.S. somewhere 'between recession and depression': MSNBC analystwww.rawstory.comexternal-linkmessage-square44fedilinkarrow-up1439arrow-down110
arrow-up1429arrow-down1external-linkTrump will plunge U.S. somewhere 'between recession and depression': MSNBC analystwww.rawstory.comjust_another_person@lemmy.world to politics @lemmy.world · 25 days agomessage-square44fedilink
minus-squareGhostalmedia@lemmy.worldlinkfedilinkEnglisharrow-up9arrow-down3·25 days agoThat shit was 2 years ago. Go look at the GDP numbers now.
minus-squarejagged_circle@feddit.nllinkfedilinkEnglisharrow-up4arrow-down15·25 days agoGDP doesn’t measure how well an economy is working. It doesn’t show you wealth inequality, for example.
minus-squareGhostalmedia@lemmy.worldlinkfedilinkEnglisharrow-up7arrow-down2·25 days agoSo now you, like Biden, don’t want GDP to define a recession?
minus-squarejagged_circle@feddit.nllinkfedilinkEnglisharrow-up2arrow-down11·25 days agoSe need something that considers wealth distribution
minus-squareGhostalmedia@lemmy.worldlinkfedilinkEnglisharrow-up3arrow-down1·25 days 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.