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Yogthos
Yogthos
@yogthos@social.marxist.network  路  activity timestamp 3 hours ago

The US economy posted strong 4.3% GDP growth, yet real incomes were flat with growth being driven by savings drawdowns and unavoidable costs like healthcare,. Meanwhile, corporate profits soared $166 billion, but hiring has stalled and investment fell.

This reveals a K-shaped economy: growth is sustained by affluent asset-holders and corporate margin-squeezing, not job creation, making the recovery fragile and vulnerable to a market correction.

https://fortune.com/2025/12/24/k-shaped-economy-2026-stagflation-diane-swonk

#usa #economy #uspol

Fortune

GDP data confirms the Gen Z nightmare: the era of jobless growth is here | Fortune

"I've never seen anything like it," KPMG's chief economist Diane Swonk told Fortune.
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neurotic_fiend_friction 馃悮
neurotic_fiend_friction 馃悮
@xenophora@mastodon.art replied  路  activity timestamp 2 hours ago

@yogthos

I hate this "K-Shaped" verbiage that's on every economist's lips right now. I mean, "downturn" was bad enough. They should just own it for once and say "Class Warfare and we're winning." lol

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John
John
@johnzajac@dice.camp replied  路  activity timestamp 3 hours ago

RE: https://social.marxist.network/@yogthos/115781909982529364

If I had unlimited resources and influence, and I could do basically anything to radicalize literally everyone under the age of 40 to the far left, I'd create an economic system that condemns them to poverty and non-dischargeable debt and unending chronic illness with unavailable treatments, but that enriches a very small number of very, very evil capitalists and fascists.

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