just_another_person@lemmy.world to politics @lemmy.world · 22 days agoTrump will plunge U.S. somewhere 'between recession and depression': MSNBC analystwww.rawstory.comexternal-linkmessage-square47fedilinkarrow-up1447arrow-down110cross-posted to: news@lemmy.world
arrow-up1437arrow-down1external-linkTrump will plunge U.S. somewhere 'between recession and depression': MSNBC analystwww.rawstory.comjust_another_person@lemmy.world to politics @lemmy.world · 22 days agomessage-square47fedilinkcross-posted to: news@lemmy.world
minus-squarejagged_circle@feddit.nllinkfedilinkEnglisharrow-up4arrow-down15·22 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-down2·22 days agoSo now you, like Biden, don’t want GDP to define a recession?
minus-squarejagged_circle@feddit.nllinkfedilinkEnglisharrow-up2arrow-down11·22 days agoSe need something that considers wealth distribution
minus-squareGhostalmedia@lemmy.worldlinkfedilinkEnglisharrow-up3arrow-down1·22 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.
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.