Great to read this refreshing (in both its informative, as well as succinct-yet-indepth, nature) bit of good news that practically every "news" outlet either refuses to report or knowingly downplays the significance of how our robust economy has been able to rebound from the ravages of the pandemic. Thanks for the reminder that all is not so dire other than the fact that politics as usual is, sadly, still politics as usual.
Every time the Fed raises rates, they reiterate that the economy is strong. They wouldn't push rates if they thought the economy couldn't handle it. Inflation is the result of an over-heated economy. As you, note it's bizarro world logic to suggest that inflation and record low unemployment suggest a "failing economy."
Great to read this refreshing (in both its informative, as well as succinct-yet-indepth, nature) bit of good news that practically every "news" outlet either refuses to report or knowingly downplays the significance of how our robust economy has been able to rebound from the ravages of the pandemic. Thanks for the reminder that all is not so dire other than the fact that politics as usual is, sadly, still politics as usual.
Every time the Fed raises rates, they reiterate that the economy is strong. They wouldn't push rates if they thought the economy couldn't handle it. Inflation is the result of an over-heated economy. As you, note it's bizarro world logic to suggest that inflation and record low unemployment suggest a "failing economy."
Well done again Jon!