Nobel laureate: The U.S. economy is in an abnormal state, with key sectors facing development obstacles

Jinse Finance reported that on October 22 local time, Nobel Prize-winning economist Paul Krugman published an article on the US subscription platform Substack, stating, "At present, the US economy is in an abnormal state on multiple levels. The most direct issue is that the government shutdown has delayed the release of the September employment report, leaving policymakers in a state of 'partial blindness'." He pointed out that while US economic data appears acceptable on the surface, a deeper analysis reveals that many objective indicators show the US economy is flashing red lights. He said this "abnormal" state is first reflected in the severe divergence of the economy: while the artificial intelligence sector is booming, other sectors are stagnating. Secondly, the economy is showing a "frozen" state in many aspects: although there have not yet been large-scale layoffs, it is very difficult for the unemployed or those just entering the labor market to find new jobs. Thirdly, although investment in the artificial intelligence sector has driven economic growth, this growth is showing a "K-shaped divergence," and the signals of distress among middle- and low-income consumers have become very obvious. (Golden Ten Data)