Die BIP-Daten bestätigen den Albtraum der Generation Z: Die Ära des arbeitslosen Wachstums ist da

This is the puzzle economists are now trying to reconcile. In a typical recovery, strong GDP growth shows up first in hiring, then in paychecks, and finally in consumer spending. But in this quarter, it’s reversed: spending is here without jobs. So how does an economy grow at a 4.3% annual rate when households aren’t actually earning more, and in fact, still fighting sticky inflation?

“I’ve never seen anything like it,” KPMG’s chief economist Diane Swonk told Fortune. “To have this stagflation in the inflation and unemployment rate, and to not have it in growth is highly unusual, and something’s got to give.”

It’s what happens when the 1% has enough cash to make the number go up without it helping anyone else.  

*the era of an economy based entirely on speculation is here 

K shaped economy. Profits for the highest earners, worse and worse conditions for everyone else.

I guess avocado toast is holding up the economy huh

Health of the US economy doesn’t care about non shareholders. Gen Z being too young to build any equity means they’re even more of an afterthought when it comes to how their economic health tracks with US economic health.