>"well, if Herr Daddy says he fixed it, we can all say it's fixed, in fact it'd be damaging not to" territory.
Worked for Biden. Which is not me, as a progressive, saying that Trump is any better, or that the two are even close to comparable on a number of important (mostly social) issues. However, common across admins and parties is an absolute terror of even the suggestion that we've entered a recession. That's because we're in a massive bubble, completely dislocated from fundamentals; in fact, the only thing keeping sentiment and performance afloat is... sentiment.
I think the tacit plan may be to inflate their way out of debt (personal, corporate, national...) while strong-arming the rest of the world into keeping the dollar the reserve currency, which allows us to continue "exporting" a portion of that inflation. It's obviously supervillain shit that will never work, but I suppose that they consider it the superior choice to letting the "bust" part of the "boom-bust cycle" actually take place.
Worked for Biden. Which is not me, as a progressive, saying that Trump is any better, or that the two are even close to comparable on a number of important (mostly social) issues. However, common across admins and parties is an absolute terror of even the suggestion that we've entered a recession. That's because we're in a massive bubble, completely dislocated from fundamentals; in fact, the only thing keeping sentiment and performance afloat is... sentiment.
I think the tacit plan may be to inflate their way out of debt (personal, corporate, national...) while strong-arming the rest of the world into keeping the dollar the reserve currency, which allows us to continue "exporting" a portion of that inflation. It's obviously supervillain shit that will never work, but I suppose that they consider it the superior choice to letting the "bust" part of the "boom-bust cycle" actually take place.