U.S. economy grew at a 2.8% pace in the second quarter, much more than expected
U.S. economy grew at a 2.8% pace in the second quarter, much more than expected
Gross domestic product in the second quarter was expected to show a 2.1% annualized increase.
So bread can go back to being $.99 a loaf, right?
No economy for poors, remember? We need to sacrifice so the best and brightest can afford another spaceship.
Income growth over the last few years has been the fastest for the poorest.
Prices will never go down. If they do, we're in big trouble.
What needs to happen is wage growth out pacing price inflation. Which is a tricky thing to do.
No, because then the GDP would go down since the bread that is produced is less "valuable".
Remember folks, "the economy" means "rich people's yachts".
That's good news. I mean, it's better news for some than others. A good economy does seem to benefit some much, much more than others, so it's especially good news for those who benefit the most. For most of the rest of us, it's fine news. Like, that's nice, I guess.
Income growth has been the fastest the poorest.