What seems to have been tried is subvert the actual technical recession with a produced recession. Lockdowns, etc. So when you lift the lockdown, it ought break the recession pattern. But when they broke it, ouchies started happening. They were warned money printing would lead to inflation. Politically they chose to disbelieve and they were wrong.
The only reason we aren't in a technical recession right now is inflation not being accounted for. If this goes on much longer it's going to be a depression. An interesting metric for measuring economic depression is looking around you. Are the people around you all getting depressed?
Everyone saw the recession. https://markets.businessinsider.com/news/stocks/yield-curve-...
What seems to have been tried is subvert the actual technical recession with a produced recession. Lockdowns, etc. So when you lift the lockdown, it ought break the recession pattern. But when they broke it, ouchies started happening. They were warned money printing would lead to inflation. Politically they chose to disbelieve and they were wrong.
The only reason we aren't in a technical recession right now is inflation not being accounted for. If this goes on much longer it's going to be a depression. An interesting metric for measuring economic depression is looking around you. Are the people around you all getting depressed?