Posted on 07/16/2022 10:37:47 AM PDT by Browns Ultra Fan
The Federal Reserve isn’t soothing me with their rate hikes.
As The Fed has been raising their target rate and beginning to shrink their balance sheet, we are seeing Q3 Real GDP slipping further down the rabbit hole to -1.5%.
The culprit? Friday’s retail trade, import/export prices and industrial production.
Time for some tequila to soothe me, since The Fed or the Biden Administration won’t help.
(Excerpt) Read more at confoundedinterest.net ...
Prepare for a recession. Inflation was just the appetizer. The main course is coming.
At least nobody has to put up with mean tweets or the President making fun of people and the Fake News conglomeration...
Jimmy Carter days all over again.
Not only a recession, but a stagflation recession, to which we were first introduced to under Jimmy Carter. Remember the “misery index”? It began while Gerald Ford was still President, and Jimmy Carter hammered him for it. But surprise, the “misery index” got much, much WORSE before Jimmy’s term ended, and it was left up to Ronaldus Magnus to finally defuse and tame the effects.
Lower taxes, de-regulation, and opening up the supply chains with less expensive energy costs. A magic formula that worked before and can just as easily work again.
Paul Volcker had something to do with the ending of the Carter malaise, too.
“Necessarily Skyrocket”, the key legacy of Barack Obama.
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