It's dianetics meets macroeconomics. Seems intuitive that consumer confidence requires that consumers actually feel confident. FDR called it fear itself being the only thing to fear. But, what gets overlooked is that it isnt just the trauma of systemic uncertainty. It's also that consumer sentiment has maybe moreso developed a conscientious aspect. People get that every dollar spent is a swath of rain forest that is decimated, an endangered species that is annhilated, and a 15 hour shift worked by a 10 yr old girl for pennies and in deplorable if not outright abusive conditions. The end game of infinite markets is more apparent. And while no reasonable person would argue that this will systemically change market behavior as we know it at least for the foreseeable future, nor is it a factor that should be considered negligible.
Many households, because of the stipends they received and the bars against foreclosure and eviction, pulled out of poverty & were ABLE to save. It's an important input to the data you should analyze.
How about the population of people of working age? I assumed there would be millions of covid babies but that didn't happen. Covid made people save money initially but then they spent it all when things improved. Covid may also have permanently accelerated the dropping global fertility rate.
You didn't mention that the Covid recession was the ONLY recession where gov't borrow trillions of dollars not to boost productivity, but supress it. This has resulted in massive inflation. You also talk about the "growth" in jobs neglecting to mention this is the ONLY time employment was essentially outlawed by gov't. You should be a barista, because you're not a good thinker about economics.
@@NewEconomicThinking lol sorry the thumbnail for the preview earlier was much less flattering! It was not what it currently shows. I think it was a still image of your guest mid sentence. Maybe an auto generated one?
It's dianetics meets macroeconomics. Seems intuitive that consumer confidence requires that consumers actually feel confident. FDR called it fear itself being the only thing to fear. But, what gets overlooked is that it isnt just the trauma of systemic uncertainty. It's also that consumer sentiment has maybe moreso developed a conscientious aspect. People get that every dollar spent is a swath of rain forest that is decimated, an endangered species that is annhilated, and a 15 hour shift worked by a 10 yr old girl for pennies and in deplorable if not outright abusive conditions. The end game of infinite markets is more apparent. And while no reasonable person would argue that this will systemically change market behavior as we know it at least for the foreseeable future, nor is it a factor that should be considered negligible.
Many households, because of the stipends they received and the bars against foreclosure and eviction, pulled out of poverty & were ABLE to save. It's an important input to the data you should analyze.
We certainly see horrific hysteresis effects being caused by Private Equity.
How about the population of people of working age? I assumed there would be millions of covid babies but that didn't happen. Covid made people save money initially but then they spent it all when things improved. Covid may also have permanently accelerated the dropping global fertility rate.
Gobelegoop
You didn't mention that the Covid recession was the ONLY recession where gov't borrow trillions of dollars not to boost productivity, but supress it. This has resulted in massive inflation. You also talk about the "growth" in jobs neglecting to mention this is the ONLY time employment was essentially outlawed by gov't. You should be a barista, because you're not a good thinker about economics.
Look... I'm not tryig to be rude, but you need to actually look at your videos thimbnail before you post. You did this man real dirty.
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@@NewEconomicThinking lol sorry the thumbnail for the preview earlier was much less flattering! It was not what it currently shows. I think it was a still image of your guest mid sentence. Maybe an auto generated one?
😂 we blame the YT cache! Though good to know that maybe we shouldn't set up the premiere in the same step as adding in the text & thumbnail.
Gobelegoop 🤮