I suggest that you chose your entertainment fare more shrewdly, and not rely on such sources for your awareness.
Global inflation falling significantly, U.S. unemployment remaining low, and U.S. incomes increasing are good.
Central banks around the world are expected to lower borrowing costs as global inflation eases from the multi-decade highs reached in many countries over the past two years. Some institutions, particularly in emerging markets, have already started cutting rates, but many more are forecast to follow this year, including the US Federal Reserve, the European Central Bank and the Bank of England.
Despite the revisionist bushwah, things sucked after four years of Trump, as his dismal approval numbers as his being booted from office by over seven million votes attest.
A sobering recollection:
... Return with us to November 2020. COVID had struck America full force in March. People were sick and dying. Workers were sent home, stores and businesses closed, events like the ACC basketball tournament were cancelled. We were told to wear masks, wash our hands frequently and isolate ourselves. NOBODY WAS DRIVING! Roads were like deserts.
Economic principle #1: Gas and home mortgage rates are subject to the laws of supply and demand. When demand suddenly crashed, suppliers had millions of gallons of gas going unsold. And people staying home weren’t riding around looking at houses. The year before, in November 2019, a gallon of gas was $2.59 and home mortgages were 3.66 percent. I just paid $2.72 per gallon!
Back to 2020. The economy tanked. Leaders grew concerned about the existential threat of not just a recession, but a full-blown depression. Homeowners couldn’t pay their mortgages, consumers worried about affording groceries and necessities. Businesses were threatened with bankruptcy. Something had to be done.
Our economic recovery is stronger than any in the world and, with the Federal Reserve’s rate cuts, our economy should get even better.
www.yahoo.com