re: #358 Mike Lamb

They are lying about that. Forecasts were mediocre.

Ayep, even if the outbreak hadn’t occurred, most forecasts for this year (barring major events) were in the 1-2% range. The reality was that there was simply no real place for the economy to go, as “record” UE rates meant businesses had little room to grow. Wages were remaining stagnant or seeing modest gains, which inflation was only too happy to eat up and ask for more. The only thing that was going anywhere was the stock market, and we saw how quickly that crashed the moment the least bit of uncertainty asserted itself.