Posted on 06/24/2023 3:48:39 PM PDT by george76
So money suppy going up is bad and money supply going down is bad. Got it.
Thanks
bm
I look at the most commonly rung up prices at Walmart and it seems like an average of $4 has replaced an average of about $2.
“Money Supply Growth Falls to Depression-Era Levels for Second Month in April”
How did they get my bank account info?
If I get 4% interest from my bank and prices I pay rise an average of 10%, I lose 6% of my purchasing power.
I have no sympathy for the companies raising prices unreasonably.
If it is not on the shelf, I can’t buy it.
I grudgingly have to give them credit for pushing recession back as far as they have. I figure it is smoke and mirrors and more lies as per usual and that recession is or has been upon us for some time.
My fear is that, like forest fires without controlled burns, since we have not had a recession in so long, notwithstanding the covid panic, the next one will be a big one. I don’t see the covid panic as a recession, people got paid butt loads of money all the way through it. There was also a heck of a lot of consuming going on.
Recession is overdue and we need one. Problem is, these fools will just use it as an excuse to spend more money. Good times or bad, spending OPM and money they don’t have is the answer to everything.
Well technically we were in recession for the 1st half of 2022 (2 consecutive quarters with negative GDP growth...but the Biden admin did some creative definition re-writing to try and deny it.
https://www.investopedia.com/terms/r/recession.asp
https://www.bea.gov/sites/default/files/2023-05/gdp1q23_2nd.pdf
Universally, economists want money supply to grow over time. Money supply going up too fast is bad and sets the stage for it to contract rapidly later.
All I know is that the amount money I spent last year will NOT cover the cost of the same exact things THIS year.
Bidenflation
Joe Biden: The Disaster That Keeps On Giving
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