this post was submitted on 16 Jul 2024
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Most of the world is already in an economic recession in the sense that median purchasing power of is dropping fast.
However economist are great at fudging the numbers to show "gdp growth". It true, absolute gdp is rising but it doesn't mean anything if it's evenly distributed.
yup, just waiting to go past the tipping point where we'll be so poor nobody's going to buy products anymore causing a vicious circle