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CBS Poll analysis: If the economy is recovering, why don't people rate it better? (www.cbsnews.com)

submitted 2 years ago by yogthos@lemmy.ml to c/usa@lemmy.ml

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[–] LibertyLizard@slrpnk.net 2 points 2 years ago (1 children)

A lot of this stems from incredibly flawed economic metrics that are used to drive policy decisions. The stock market and gdp growth are only tangentially related to the well-being of the populace, especially in the lower economic rungs.

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[–] davel@lemmy.ml 0 points 2 years ago

Yeah GDP is a garbage metric, and recent rises in stock, bond, and real estate value is what Michael Hudson calls “asset price inflation”.

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