The economy is stalling
The M2 Velocity continues to drop like a rock...
Stalling. It is what I see as well. Save for the bright spots of energy production and what supports that the economy is stuck. I see storm clouds in energy production as well... oversupply. Short lived but I think we will see it and a reaction. Not horrible stalling but not good and very limited progression of have nots to become haves. We are about to end our spending years soon. I’m wondering how much / little maintenance will actually be?
As obastardcare impacts sink in I expect the bunker mentality of the sheeple will deepen. They will do what they have to do to provide access to medical care for their children and themselves. This will mean saving an emergency fund and there is also that huge premium increase to pay. The combination will wipe out discretionary spending for many of the common folk.
Job prospects still stink and that keeps wages down.
The economy can’t deal with a shock as great as obastard and his commie thugs without getting the wind knocked out of it. We have not yet seen the full impact of rising electric rates either. That will be ugly and is clearly contrived.
Three more years. What will be left? Who will rebuild?
Prior to that money was moving so fast because of easy housing and consumer loans and electronic banking and debit cards and paypal etc., it was starting to skew traditional economic formulas.
Then the crash came and the lending rules tightened, like small businesses with large credit limits on Business credit cards (50K and up) got reduced to 500 bucks.
That slammed the brakes on the flow of money and the economy stalled hard!
We are gonna be feeling the effects of that for several more years!