I’m not in favor of these tariffs. At all. However, it seems that they haven’t had such an impact yet on the economy, at least regarding consumer prices. You’d expect much larger inflation given the tariffs IIUC.
My current understanding of the general consensus is that many companies have been eating the tariffs with the hope SCOTUS will strike them. If they are upheld, prices will likely rise significantly
Actually job numbers are depressed (hiring recession) and GDP numbers are still way up, both precisely due to the AI investment. More output with fewer people.
Wild take to cite a recession when last quarter growth was 4.4%.
Firstly, nobody said 'the economy' so I don't know why you're even putting it in quotation marks.
Secondly, GDP is the best measure of output / value-add we have, and it's significantly up, despite jobs being down.
Output going up with fewer people means more productivity. That's the point that was being made.
Recessions are measured in economics by tracking GDP, which the person I replied to said we're in. We're not.
Whatever concept of "the economy" you had in mind to bring more nuance and refinement to a discussion, which is possible and welcome, and which you haven't bothered to add, doesn't refute the basics above.
