It stopped growing, some time ago. The only growth left is in stocks and housing bought as rental investment property (and the derivatives built out of these investments). As long as the Fed keeps QE up, the banks (under the new Dodd Frank and previous Gramm Leach Bliley rules) can keep such assets as backing. Since they pay better returns, they keep buying them.
Unemployment numbers are completely skewed by a lack of those no longer eligible to draw benefits being dropped from the stats as if they were not starving and homeless. Many are. Hence, a combined "boom" in both the economy and the homeless population.
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timeasmymeasure
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Date: 2019-11-01 12:01 am (UTC)Unemployment numbers are completely skewed by a lack of those no longer eligible to draw benefits being dropped from the stats as if they were not starving and homeless. Many are. Hence, a combined "boom" in both the economy and the homeless population.