(This is why we need #BigFiscal) When aggregate #demand falls beneath the economy’s potential output, then #unemployment rises, chart @economicpolicy https://www.epi.org/publication/ai-unbalanced-labor-markets/?mc_cid=6be5e7b363

#BigFiscal and US #job market: #job openings around 9mio (white line) versus the pre #pandemic trend (dashed white line), chart @BloombergTV

(This is ridonkulous!) #debt fear-mongering à la carte --- wake up, #BigFiscal saved us – We’ve ongoing #disinflation process and no #recession --- more #women are finding employment ---

#BigFiscal (#job creation & addressing #inequality) -- US manufacturing continues to thrive to further undermine #recession bets, chart @GarfieldR1966

#BigFiscal #Bidenomics effing works!
The “trickle-down” economics is a myth.
Behold: #real #wages converged during the recent tight #labor markets, especially at the low end of the income distribution, chart CEA @WhiteHouse https://www.whitehouse.gov/wp-content/uploads/2024/03/ERP-2024-CHAPTER-1.pdf

(thanks to #BigFiscal)
#growth is resilient, #disinflation is still on trend, #earnings are growing, and #AI enthusiasm continues on, chart @JPMorganAM

(#BigFiscal is working) A comparison: #Democrats and #Republicans on job creation, chart @TheEconomist https://www.economist.com/graphic-detail/2024/03/19/five-charts-compare-democrats-and-republicans-on-job-creation

#BigFiscal - "Bidenomics" (proactive strategic #industrial policy) has outperformed the prevailing approach of economic theory (downsizing the state and tax cuts for the rich), chart @USCBO https://www.cbo.gov/publication/57014

#BigFiscal US economy’s extraordinary performance receives a critical appreciation from the #British weekly newspaper - chart @TheEconomist https://www.economist.com/leaders/2024/03/14/americas-extraordinary-economy-keeps-defying-the-pessimists

Get over it! #BigFiscal makes a significant contribution to #SoftLanding - chart @YahooFinance

#BigFiscal fricking works #Bidenomics - chart @JPMorganAM

#BigFiscal (US) versus militant #austerity (EA) #Germany - chart @BloombergTV

#BigFiscal
(US fiscal stimulus is working) After surging to 15% of GDP in fiscal year 2020, the US budget #deficit declined through 2022, chart @FederalReserve https://www.federalreserve.gov/monetarypolicy/publications/mpr_default.htm

#Bidenomics works despite monetary austerity and #BigFiscal scolds – The numbers of announced US #cleantech and #semiconductor projects, chart @FT bit.ly/3OFn99j

#manufacturing PMI: The divergence is no-brainer: #European Deficits Scolds versus American #BigFiscal - chart @chrismbryant https://tinyurl.com/3s9vwzzt

The keyword of the week: #FryingPan charts that show how well the #BigFiscal a la #Bidenomics ( #CARES + #ARP + #IIJA + #IRA + #CHIPS ) has been to the overall economy, despite prophets of doom from all corners of the political spectrum.

All of that stuff you’re hearing about #Bidenomics - the resilient consumer, reinvigorated business investment, the strength of the #labor market – that’s the result of #BigFiscal – @StephanieKelton https://tinyurl.com/ythbepz6