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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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[–] thefluffiest@feddit.nl 7 points 7 months ago (1 children)

As long as the billionaires are doing okay right? As for the rest of y’all, I’m sure you don’t mind trading in your job, your healthcare and your income to own the libz.

[–] 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.