Can we pause the slide in 2026 and 2028? Yeah, probably.
Will there be a "thermostatic backlash" in 2032 that puts someone EVEN WORSE back in power? Quite possibly.
Me: I'm gonna uhhhhhhhhhhhhhhhh
Welcome to the first day of post-novel brain deflation
Me: I'm gonna uhhhhhhhhhhhhhhhh
Welcome to the first day of post-novel brain deflation
Immediate post pandemic economy was *weird* in a way that made it hard to compare it to similar years.
But we've got low unemployment and low inflation now. Very hard to make the case that now is worse than the Volcker shock.