• Taco2112@lemmy.world
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    4 days ago

    Exactly, Rawstory is basically the left wing version of Fox News, telling you what you want to hear instead of actual news. My basic takeaway from his statements is that the GDp is still growing just not quite as fast as it was last year.

    I’m not an economist so I don’t know but the the S&P is also nearing in on a record highs again and it seems like most of the turmoil in the markets that we saw at the beginning of April is gone for now. I thought the Iran bombing would spook the market but not really. I know the markets aren’t the economy but it’s a bellwether for how the oligarchs and corporations are feeling about it.

    • ToastedRavioli@midwest.social
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      4 days ago

      The GDP is still growing, just not quite as fast as it was last year

      In the way that our entire economy is based on measuring itself, not growing as fast as last year is considered complete failure

      the turmoil in the markets is gone for now

      The stock market =/= the health of the economy. Obviously the market being bad is not good, but the market being good does not mean things arent bad

      • Taco2112@lemmy.world
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        4 days ago

        The stock market =/= the health of the economy.

        I know, I said as much in my post just a sentence or two after the quote of mine that you used.