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EdmondDantes_

(116 posts)

2. GDP isn't a good barometer for the economy given our inequality

Reply to usonian (Original post)

Wed Dec 25, 2024, 09:33 PM

Wednesday

The GDP and the stock market most reflect the economy for the upper middle class and above. Look at how Musk's net worth has skyrocketed because Tesla stock went up. Not because he made something more valuable or has a new product.

And there was a recession in 1980 just before Reagan was elected.

Like you said, you'd need to see the model to really evaluate the claims

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