Post
Topic
Board Economics
Re: US economy is booming, but people are not seeing it.
by
dothebeats
on 04/05/2021, 17:53:06 UTC
It's because most of the trillions printed in the past few months went only to a select few uber rich guys while the rest of the population, after spending their money, felt left out. The economy is not going any better for the middle class and for those even lower than the middle class. It's only for those whose businesses are well-established that even in the midst of the pandemic, they would still post good gains while the rest of the population are left to look for scraps. Inflation is still looming and rising, yet the stocks are getting overvalued and highly inflated as the clock ticks. Life is getting better, for the rich yes, but not for the rest of the population.