It’s because the economy now has very little connection to the economic well-being of about 80% of the population. We’ve become a cash crop through which money is channeled from the government to the elite.
Are Boeing aircraft orders factored out of this? Those have been very choppy.
My wife and I are getting into stiff arguments about buying a house. I keep telling her it’s gonna crash. You can’t get gainful employment anywhere and she keeps complaining I’m waiting too long. Meanwhile, somehow, prices keep going up and up and up with no basis for it. Blows my mind. Can someone explain HOW people are buying houses now with the economy like it is?
Has anyone gone back to see if FDR had used Obama’s methods for calculating employment, he could have declared the depression over by 1935? Instead of 25 percent unemployment, just declare all those people out of the work force, and magically, unemployment is under 10 percent.
Just keep your eye on the BDI (Baltic Dry Index).