Posted on 12/22/2022 7:59:13 AM PST by Kaiser8408a
Do I detect a trend in the US Leading Economic Indicator data?
The Conference Board’s US Leading Economic Indicator was released this morning and it wasn’t pleasant. The US Leading Index was down -1% MoM in November.
On a year-over-year basis, it is down -4.5% YoY as The Fed withdraws its massive monetary stimulus.
The good news … for military contractors … is that Biden and Congress have given Ukraine’s Zelenskyy ANOTHER $47 BILLION.
(Excerpt) Read more at confoundedinterest.net ...
The Administration announced today that GDP was up 3.2% for the quarter. Hmmmm.Doesn’t seem like it does it?
Any government report/statistic/statement released these days is a LIE! You can not count on ANYTHING they say being anywhere near the truth. It’s probably down 15%.
Manufacturing employment is both a forward and backward economic indicator. It means there wasn’t demand and there will not be demand in the future to make and sell goods. That pulls down GDP.
The deep state has weaponized economic statistics. I don’t believe the Fed’s numbers on quantitative easing. Are they reducing easing, or have they stopped, or have the reversed easing, as in pulling money back? We won’t know until the Fed is audited. But who is credible enough to do the audit?
Very few people will talk about the solution to all this. It is massive government spending cut. Not $1.7 Trillion woke omnibus spending. Democrats and RINO are adding $2 Trillion to the national debt this year. To be absolutely clear, that’s $2 Trillion extra dollars either borrowed or printed chasing goods and services. When you have too many dollars chasing too few goods you get inflation. Inflation begets more interest rate increases, which begets higher interest payments on the debt, which begets more government spending. Qui bono? It ain’t the average hardworking American.
“It is massive government spending cut.”
Everyone knows that’s not going to happen.
If people are right that inflation is higher than the FED says then interest rates are much too LOW.
No one is looking at the economy as a whole and directing policy across all parts of government. There needs to be spending cuts, interest rate cuts, regulatory elimination, changes to energy policy, changes to trade policy, increased tariffs, changes to the tax code, changes to foreign policy and the closure of our border with deportations of all illegal aliens and foreign students here on visas. Education is also a long term competitive and economic weapon. We should not be educating our enemies, particularly the frickin’ ChiComs. Concurrently, we need to have policies to onshore strategic manufacturing, mining, drilling, technology, and pharmaceuticals. That means complete supply chains in the US for the most critically important goods that sustain life and provide defense to our nation.
That was my take. They just make them up and expect that no one will question them (and they almost never do question Biden).
Bidinflation.
Circular logic. Like the bogus economy, your link is bogus. Lol
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