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US manufacturing contracts for sixth straight month amid tariff drag
(www.reuters.com)
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this post was submitted on 03 Sep 2025
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This is the "K-Shaped recovery" phenomena. All our usual economic indicators (GDP, unemployment, stonks, housing prices) are strong, yet people keep complaining that the economy is getting worse. The usual move by economists is to point to the numbers and say that the public at large is being hysterical. Yet the general opinion of economists is incongruent with the fact that the bottom 90% of the population in terms of wealth matters less and less to the overall economy every year, and increasingly the economic health of the population as a whole will not show up in the official numbers.