Finance

Allowing wealth to distort the economic picture also just makes the state of things more difficult to understand, both for economists and for regular people. The usual economic indicators don’t add up to a coherent picture: Prices go up, consumer-debt delinquencies spike or hiring stagnates, but consumer spending doesn’t pull back and the stock market remains buoyant. Does that mean Americans are actually doing fine?

Mirror: https://archive.is/20250228110307/https://www.bloomberg.com/news/articles/2025-02-28/wealthy-americans-fuel-half-of-us-economy-consumer-spending

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US stocks slide as consumer confidence sinks most in four years (www.ft.com)

submitted 6 days ago by misk@sopuli.xyz to c/finance@thelemmy.club

0 comments fedilink

Mirror: https://archive.is/2025.02.25-162730/https://www.ft.com/content/b505f510-c902-480f-84c9-f38a58937a3c

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The U.S. Economy Depends More Than Ever on Rich People (www.wsj.com)

submitted 1 week ago by misk@sopuli.xyz to c/finance@thelemmy.club

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Mirror: https://archive.ph/2025.02.24-183609/https://www.wsj.com/economy/consumers/us-economy-strength-rich-spending-2c34a571

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JPMorgan Wants to Lend Companies Money (www.bloomberg.com)

submitted 1 week ago by misk@sopuli.xyz to c/finance@thelemmy.club

1 comments fedilink

Mirror: https://archive.is/2025.02.24-200318/https://www.bloomberg.com/opinion/articles/2025-02-24/jpmorgan-wants-to-lend-companies-money