I’ve been screaming it practically at people that were seeing a ton of things returning to pre pandemic levels this year as a ton of government money/programs ran out. There’s going to be an adjustment for people where they freak out and think everything is a sign of a recession, but I’m just not seeing any of those same signs. That’s not to say things aren’t going great, but it’s definitely not like a lot of these articles where they try to sound an alarm that doesn’t need to be sounded.
It is odd that so many people forgot about this. All “the sky is falling” posts about debt completely ignore this chart. What was weird was debt getting paid off during the pandemic. Not the rate of debt spending we’re back to post pandemic.
A little dishonest not to mention that they fell by like 30% from 2017 to 2022. This feels more like a return to a pre-pandemic level.
Also odd that they ignore that the presentation they reference claims we should have fewer this year than 2019. (slide 40)
I’ve been screaming it practically at people that were seeing a ton of things returning to pre pandemic levels this year as a ton of government money/programs ran out. There’s going to be an adjustment for people where they freak out and think everything is a sign of a recession, but I’m just not seeing any of those same signs. That’s not to say things aren’t going great, but it’s definitely not like a lot of these articles where they try to sound an alarm that doesn’t need to be sounded.
It is odd that so many people forgot about this. All “the sky is falling” posts about debt completely ignore this chart. What was weird was debt getting paid off during the pandemic. Not the rate of debt spending we’re back to post pandemic.