~~~
There is earthly way of knowing
which direction we are going
yes the danger must be growing
Posted on 06/28/2022 10:12:44 AM PDT by Browns Ultra Fan
It took a while and trillions in fiscal and monetary stimulus to recover from Covid-era economic lockdowns, but now that the monetary stimulus is being withdrawn, the economy is stalling.
If you look at the chart below, you can see that “The Thrill Is Gone” from monetary and fiscal stimulus.
And The Conference Board’s Consumer Confidence Index fell below 100 as M2 Money Stock YoY returns to pre-Covid levels.
You are gonna have to face it, we’re addicted to gov (stimulus).
(Excerpt) Read more at confoundedinterest.net ...
When Biden said he would beat Covid, he meant it was a competition, and yes he beat Covid in total damage.
How are individual Fed branches showing doom, yet we’re not going into a recession?…
“...You are gonna have to face it, we’re addicted to gov (stimulus)...”
And just like a drug addict, democrats will have to go cold turkey and deal with the withdrawal symptoms. Easy fiat money is going to be the last of our problems when the food runs out.
I think the good ole days are behind us. With higher prices across the board disposable income is drying up fast which means a decline in purchases (and slowing business revenues).
Stagflation is an ugly thing. It didn’t have to be like this but the country will have to learn the hard way I guess.
I think we are in a recession and Q2 GDP will prove that.
“yet we’re not going into a recession?”
We probably already are in a recession, they just haven’t released the 2nd quarter 2022 GDP numbers yet so it isn’t official until then.
I saw some article, where it will supposedly be .2% positive.
It might be BS, we will see.
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