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3volver OP , 4 months ago

My opinion is that the COVID pandemic wasn’t the recession it should have been. We should have entered a recession alongside the pandemic, but instead the government printed a fuck ton of money and pumped it straight into the economy. This led to increased inflation and the situation we’re in now. That’s why the grey line in 2020 is so thin, and why the yield curve is so deeply inverted now. They basically postponed it by about 4 years.

The total public debt helps explain why there wasn’t a recession:

https://lemmy.world/pictrs/image/a84ada7c-ef1b-4f97-b76e-35af71a38416.png

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