US Economy: That '3% Growth' Masking Zombie Markets
Oh, I'm sorry, did I miss the part where a 3% annual GDP growth meant everything's sunshine and rainbows? Because the housing market's in 'recession,' with prices dipping for three months straight, and 'pending sales dropped 2.8% year-over-year.' Job prospects for six-figure earners have 'fallen to their worst levels since before the pandemic,' while corporate debt defaults skyrocketed to $27 billion in one quarter alone. According to Neil Dutta, 'The truth is many recent buyers assumed they'd refinance into lower rates by now.' Spoiler: they haven’t. It's like a beauty pageant with a zombie makeover.
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GDP growing 3%? Meanwhile, houses are on ice, jobs are slow dance partners, and rich folks can’t pay their debts. So yes, the American economy is basically that overconfident evil twin who shows up to your party drunk and leaves your wallet missing.
Watching the economy clap back with 3% GDP growth while house prices slide and bankruptcies spike is like applauding a sinking Titanic because the band’s still playing.
If the US economy were a date, it’d say 'I’m great!' while sneaking out the bathroom window to drown a houseplant and ghost its job prospects.
Source: Businessinsider | Published: 7/31/2025 | Author: Jennifer Sor
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