You know, David’s really good at making these certain faces
I don’t have a word to describe what they are but he’s good at it
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Falling inflation, rising growth give U.S. the world’s best recovery
The European economy, hobbled by unfamiliar weakness in Germany, is barely growing. China is struggling to recapture its sizzle. And Japan continues to disappoint.
But in the United States, it’s a different story. Here, despite lingering consumer angst over inflation, the surprisingly strong economy is outperforming all of its major trading partners.
Since 2020, the United States has powered through a once-in-a-century pandemic, the highest inflation in 40 years and fallout from two foreign wars. Now, after posting faster annual growth last year than in 2022, the U.S. economy is quashing fears of a new recession while offering lessons for future crisis-fighting.
“The U.S. has really come out of this into a place of strength and is moving forward like covid never happened,” said Claudia Sahm, a former Federal Reserve economist who now runs an eponymous consulting firm. “We earned this; it wasn’t just a fluke.”
On Friday, President Biden hailed fresh government data showing that annual inflation over the second half of 2023 fell back to the Federal Reserve’s 2 percent target. Coupled with Thursday’s news that the economy grew by 3.1 percent over the past 12 months, the Commerce Department report showed that the United States appears to have achieved an economic soft landing.
The post-pandemic recovery challenged long-standing economic beliefs, such as the idea of an inverse relationship between unemployment and inflation. (As one rose, the other was expected to fall.) Expressed in what economists call the Phillips curve, this nostrum proved nearly useless in explaining the economy’s recent behavior.
[...]
“Putting money in people’s hands vs. moving around interest rates, which is monetary policy, fiscal policy is going to be stronger,” Sahm said. “We cannot go into the next crisis being, like, ‘Oh, the Fed’s got this.’”
Consumer spending is driving the economy: Real consumption rose by 0.5 percent in December, its fastest pace since last January. Pending home sales jumped, too. Following the flurry of good news, JPMorgan Chase economists said they raised their first-quarter growth forecast.
Biden deserves credit for turning the economy around. This was a front page headline article on the WaPo website for a short time on Sunday Jan. 28th. I didn't see anything about this on The New York Times front page website. The mainstream media should do a better job of conveying this good news about the economy. Certainly, the right-wing media won't do so.
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tumblr is the FUNNIEST fucking site I love it here
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just like work anxiety ig
The university announced a 6% budget cut for next year with 4% ongoing after that and the library says their priority is not laying anyone off and my department specifically has apparently operated underbudget for years anyway so they don't think they'll need to fire anybody so at least according to what we're being told my job should be safe, and I know historically I have a tendency to undervalue my job compared to others see it like logically I should be okay at least with them information I have at hand.
But still it's a very very strange mix of emotions to want out of my job as badly as I do while also being scared of how entirely fucked I'd be if I just got fired out of the blue
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toothfairy money inflation is getting crazy cuz why is my baby brother receiving a whole dollar for each tooth 😭😭😭 back in my day we would be hard pressed to receive a quarter
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who the fuck is this guy with over a million followers finding the time to reply me like this lawl i wasnt even talken to himmm. he looks like a they them infinitely worse than i do anyway, clearly struck a nerve with him here by be jokey funny man lesbian like duuude i just looked at your pics.. im sorry its so scary. like be real youre like elvis presley level ugly its so bad.. you cannot stand the way you were born looking and it shows.. youre not just fighting your biological clock you’re TORTURING IT TO DEATH.. its so sad seeing grown men so desperate to look like theyre still 17 and grasping at straws like he is it just makes you want to take them out back and put em out of their misery like dude move on with your life you spent most of your pathetic life trying to laminate something that very clearly is a phase & does not come naturally to you. poser. i just know your scalp sweat drips down your face tinted black take a fucking shower and try exfoliating you 40 year old nobody!
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ham confirmed in pokemon if they don
if they don’t explain it by having some sort of ham-gathering mechanic or pokedex entry then it’s confirmed that people farm, kill, and eat pokemon for real and gene just didn’t realize that was still a thing
edit: gene would see a fillet for the first time and have flashbacks, like he knows pokemon eat each other and obviously people and pokemon have a common ancestor and people used to eat more pokemon but he lost his fish to the hoenn e4 and that was one of the first friends he ever had
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When it's soft o'clock and:
• you're getting your cheeks pinched by big brother
• you're getting offered a coat and to be walked home by big brother
• you're getting your hand held by big brother
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