What went right? Nothing. They just rigged the statistics in their favour. Also, if from 2021 to 2023 all prises went up 20-50% and 2023 to 2024 they went up just 1-2% or even decreased somewhere you can proudly say we have 2% inflation now and it was a soft landing. Only you don't mention that the plane blew up in the air before this landing and everyone on board died.
I totally agree with you... IMO they will not accept the recession and will avoid it as much as they can, and they will always lie to our faces, only they know the real data. And I think they will never really warn us about anything, we will really know when we are already there and the recession explodes in our face. I only have one thing clear, and there is only one number that matters to me, which I know is not manipulated. 21 Mđ
Part of what went right, is Europe and China mismanaging their economies and driving capital to America.
There are also some pretty serious signs of stress in the American economy, so some of this "Why is the economy so strong?" talk might be counting the chickens before they've hatched.
That is what the reports of those who have caused inflation in its form of excess money and not due to a deficit of products say.
The increase in interest rates was nothing more than a shameless measure to solve, with the suffering of others, the problems that they themselves created.
Mr. Jerome Powell, president of the Federal Reserve, an entity that manages 12 Federal Reserve Banks, which are not Banks, nor are they Reserves of anything nor are they Federal. They are only issuing and printing entities of dollars that have caused inflation in the United States and that the Americans are paying for. Well, Mr. Jerome says that it is time for the policy to be adjusted. WHAT DOES THAT MEAN?
STUPIDITY IS NOTHING MORE THAN WANTING TO OBTAIN DIFFERENT RESULTS ALWAYS DOING THE SAME THING
The only solution to inflation is a deflationary asset, and fiat money is not one. BITCOIN definitely YES
Although consecutive falls in national income represent one definition of recession, as any economist will tell you, a proper recession is like pornography: you know it when you see it. People lose their jobs by the million, corporate earnings plummet and firms close. None of this has happened.
unemployment numbers can be artificially raised by excluding unemployed people who haven't filed for unemployment, and further gamed by making it difficult to file for unemployment
GDP can be gamed through inflation -- e.g. hyperinflationary countries have massive GDP growth when GDP is measured in their domestic currency
I don't know how you would game consumer confidence numbers -- maybe through selection bias, e.g. only poll people at the mall
I remember being called by a voter polling organization once and their first question was what tv show I watched during prime time. I told them none and they said they have no further questions. I think that was an example of selection bias -- perhaps they didn't want to poll people who break the mold of what American consumerism is supposed to look like
Incorrect in my case. I just got information about candidates from sources other than the tv. E.g. I used the "on the issues" website which lists an assortment of political topics with quotations from candidates about those topics. But I think the pollsters didn't want to poll people like me -- they only wanted to poll normies. Which seems like selection bias. The polls almost become a mirror of "do you watch Fox or CNN/NBC/MSNBC?" which rarely offer nuanced analysis. So you end up polling only low information voters and presenting that as "this is a snapshot of the nation's political stance" when it's only a snapshot of what the non-thinkers think.
The Economist writing and analysis have deteriorated since 2000. They repeat and disseminate regime propaganda regardless of their laissez faire principles