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

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

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

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

cross-posted from: https://thelemmy.club/post/21981698

Sources say the bulk of potential spending on new programs will require legislative approval, which could not take place until Parliament resumes in March

The network also announced a series of schedule changes.