When there was positive economic data under Biden, the New York Times told us to worry, with headlines like: “Why a Strong U.S. Economy Is Making Stock Investors Jittery” and “Inflation Has Been Easing Fast, but Wild Cards Lie Ahead” But when there is worrisome data under Trump, NYT reassures us:
The situation seems different but the problem is the same: how does "instant news" cover slow-motion economic developments? With Biden, I kept saying "a soft landing (which we ultimately got) takes time." Same here: cracks in a once healthy economy (which we no longer have) won't sink it overnight.
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