What if there was an economic earthquake, and no one noticed?
>>What if there was an economic earthquake, and no one noticed?
Interesting analogy. 30 years ago, I was in Idaho and we had a major earthquake out in the desert. There wasn’t much damage because there wasn’t much there to damage. At the time of the earthquake, I was 8 miles from the epicenter scraping ice off my windshield and never felt it.
My wife, lying in bed 60 miles away felt it.
How did I miss it? I was freezing cold and too busy scraping ice to notice the tremors. The car was already shaking from my vigorous ice scraping so I didn’t even notice it moving.
So, yes, you can have an economic earthquake and no one notices when they are too distracted with immediate problems.