[slothtrop]

Then take note of GDP-per-capita growth. The whole of the developed world had to deal with inflation and financial repercussions of covid. What's exceptional is the US recovery and the fact is economic conditions in the US has improved at a more rapid pace.

> young people's expectations of the future are down

Relative to?

> birth rates are down

Absent GDP, this matters because...? The country is growing as a matter of policy through immigration.

> Purchasing power is down

Wages are recovering

[orwin]

Since US firm invented and mastered the improperly called 'shadow banking' (they're not banks, banks issue and destroy new money. Shadow intermediary maybe?), GDP is a worsening indicator of consumption+investment (or overall production if you will).

The reason is simple: GDP grow with money velocity, and 'shadow banking' artificially increase that number, with very low impact on the real world (I'm not saying null, this boosted the US car consumption a lot with easy car credits, but the effects aren't in the same order of magnitude)