Will Biden get any credit for it?
This graph tells a key story of this economy.
— Michael Linden (@MichaelSLinden) December 22, 2023
After the Great Recession, millions of people were stuck in long-term unemployment for years. It caused enormous pain and damage.
Not this time. The benefits of full-employment are massive. pic.twitter.com/unQaynOp1d
Everything's pointing up.
— Justin Wolfers (@JustinWolfers) December 22, 2023
As any economist will confirm: This is just a terrible recession. pic.twitter.com/9wi1nHMbFc
Is this a turning point??
— Heather Long (@byHeatherLong) December 22, 2023
U.S. Consumer Sentiment is (finally) improving. Huge jump in December as Americans see inflation cooling.
Note the really big jump in people hearing "favorable news" (blue line) about the economy.
(Still…sentiment is only at early 2010 levels) pic.twitter.com/eVgyNrBw6c
We got more stellar economic news this morning. Consumers are hanging tough, spending at close to a 2% real pace – strong enough to propel the economy forward but not so strong it fans inflation. Indeed, core PCE inflation has returned to the Fed’s 2% target in recent months.
— Mark Zandi (@Markzandi) December 22, 2023
Sad! 