Despite economic growth, 70% of Americans believe the economy is getting worse
Despite economic growth, 70% of Americans believe the economy is getting worse
According to a new Gallup poll released this week, most Americans are feeling negative about where things are heading with the economy and inflation.
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It is a notoriously hard metric to track
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But think of all the people you know living in vans and campers. For me, these days that's a lot of people. I really don't think that's enough either
Why don't they just go door to.... ah, nevermind.
It was triggered today… and has had only two false positives since 1959.
What most people don’t know is that the economist who coined the term, Claudia Sahm, proposed this rule as a way to warn governments to allow them to preemptively send out stimulus to their population lol.
The Sahm rule originates from a chapter in the Brookings Institution's report on the use of fiscal policy to stabilize the economy during recessions.
(https://en.m.wikipedia.org/wiki/Sahm_Rule#cite_note-2)The chapter, written by Sahm, proposes fiscal policy to automatically send stabilizing payments to citizens to boost economic well-being. Instead of relying on human intuition to determine when such payments should be sent, Sahm outlines a condition to trigger the payments.
(https://en.m.wikipedia.org/wiki/Sahm_Rule#cite_note-:1-3) The trigger suggested indicates an economy beginning a recession and is now known as the Sahm rule. The Sahm rule recession indicator was also featured early in a Goldman Sachs U.S. economic research report by economist William C. Dudley with a recommended trigger of 0.33%
(https://en.m.wikipedia.org/wiki/Sahm_Rule#cite_note-4) (the nowadays more commonly used rule triggers a recession signal when the Sahm metric is crossing above 0.5%).
That last chart uses "raw" numbers but it needs to be compared using per 100k or something of the sort
