Oh boy, here we go....
You can be sure that if Trump wins, all the stats will be bad just as they're all glowing under Biden.
Don’t worry, it’s going to be just fine, we won’t run out of money any time soon, I promise they will print as much as we need...
When The Fed came out with their 50 basis point cut I figured two things were behind it -
1. They wanted to Help their Deep State communist candidate; and
2. The economy - mainly jobs - could be in trouble.
At that point, combating inflation became an afterthought, and given that the statistics and data presented by the Bureau of Labor Statistics, or any of The Deep State Agencies, is highly suspect and undergoes major revisions monthly, The Fed is really working in the blind.
This is good news because it means reality is sinking in. It would be bad news if everyone believed inflation is dead and acted upon that assumption. Inflation is about as low as it can get without cutting govt spending and cutting isn’t going to happen. The Fed’s current position is fine given the circumstances. It got inflation down from 9.3% to where it is today without destroying the economy, a lot of people said that was impossible. The FED will settle for inflation above 2% because it has no other good choice left.