Today I want to look at the economy from two angles: how it’s objectively doing, and how it’s perceived to be doing. Are things still bad, or is this largely vibes? And importantly, how will economic sentiment affect the crucial election next year? https://open.substack.com/pub/statuskuo/p/election-factor-one-the-economy?r=1zr8b&utm_campaign=post&utm_medium=web&showWelcome=true
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Objectively its bad, real bad. Food prices alone can tell you that.
Perception: Whoever has their politician in office thinks its going good, whoever doesnt will think its going bad. Despite things still being bad when it switches everyone will flip-flop
