Or something – I’ll file this under the Follow Up category:
From the recession that didn’t happen, to the relationship between unemployment and inflation, to the reason that inflation took off in the first place, to the disconnect between national economic performance and people’s experience of it, to the efficacy of interest rate hikes — American economics and the people who follow it are having an identity crisis.
Experts thought they knew how the economy worked. After the pandemic, they’re not so sure.
The “surge” in economic forecasts predicting a recession Real Soon Now for the past 2 and 1/2 years have not yet got their recession.
