Annual inflation rose to a three-year-high of 4.2% in May, underscoring how elevated energy prices are rippling through the US economy, according to new data from the Bureau of Labor Statistics.
European here. I don’t think I’ve ever met a single person (aside from Americans) who expressed a sentiment similar to the US economy being “the envy of the world.”
It was a phrase being used in several publications around the time as well as the IMF? I think they got it from data comparing various first-world economies and their economic recovery rates from Covid.
The vibes at the time within the U.S.? You’d think that all economic indicators sucked or something, which was…just not true. I use the phrase to mock the idiotic right wing that acts like the economy was terrible under Biden as well as the reactionary centrists that take their cues from the right wing as well.
I guess the IMF missed the ongoing devastating health care crisis, high violent crime rates, poor social mobility (partially due to incomplete desegregation), few vacation days and barely any parental leave, obesity rates, opioid epidemic, etc. etc.
I don’t know anyone who envies much of anything about the U.S., but it does seem like every time we cause the world economy to shit the bed, our billionaires seem to be ok before your billionaires are.
European here. I don’t think I’ve ever met a single person (aside from Americans) who expressed a sentiment similar to the US economy being “the envy of the world.”
It was a phrase being used in several publications around the time as well as the IMF? I think they got it from data comparing various first-world economies and their economic recovery rates from Covid.
The vibes at the time within the U.S.? You’d think that all economic indicators sucked or something, which was…just not true. I use the phrase to mock the idiotic right wing that acts like the economy was terrible under Biden as well as the reactionary centrists that take their cues from the right wing as well.
I guess the IMF missed the ongoing devastating health care crisis, high violent crime rates, poor social mobility (partially due to incomplete desegregation), few vacation days and barely any parental leave, obesity rates, opioid epidemic, etc. etc.
I don’t know anyone who envies much of anything about the U.S., but it does seem like every time we cause the world economy to shit the bed, our billionaires seem to be ok before your billionaires are.
So, maybe those are the people who envy the U.S.