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A third of the U.S. economy is already in a recession or at high risk, and another third is stagnating, Zandi warns (fortune.com)

submitted 7 months ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Moody’s Analytics chief economist Mark Zandi continued to sound the alarm on the risk of a downturn, warning that states accounting for nearly a third of U.S. GDP are already in a recession or at high risk of slipping into one. Meanwhile, another third is treading water, while the last third is still expanding.

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[–] 0_o7@lemmy.dbzer0.com 3 points 7 months ago

As long as billionaires are doing okay and they can buy the crumbling economy for peanuts. And then the markets bounce back with a controlled opposition leader winning, but with even larger divide between the class. Then make it seem a little progressive for a while.

Rinse and repeat.