Posted on 04/14/2023 7:08:45 AM PDT by Kaiser8408a
The US economy is barely chooglin along at a dismal 0.53% YoY (but 0.4% MoM in March). As the Covid “sugar rush” that caused a surge in Industrial Production in April 2021 of 16.56% has led to a “sugar crash” as M2 Money growth crashed and The Fed hiked rates to combat inflation. Known as a “sugar crash.”
Also in today’s economic news is more Sugar Crash news. Advance retail sales dropped -1% in March. That is -155% lower than a year ago when it was +1.8%.
The Federal Reserve put a spell on us when Bernanke/Yellen kept rates too low for too long (TLFTL) and The Fed is now playing catch up. It is now creating havoc.
(Excerpt) Read more at confoundedinterest.net ...
It’s in SPITE of the attacks on the economy...and us.
Correct, but let’s no forget the other half of the equation. The federal government hasn’t cut back spending one iota. Deficit spending got us into this mess. Guess what the deficit is for the first 6 months of the fiscal year is. Only a measly $1+ Trillion.
Nothing tangible has changed.
I got some troubles, but they won't last
I'm gonna lay right down here in the grass
And pretty soon, all my troubles will pass
'Cause I'm in shoo-shoo-shoo, shoo-shoo-shoo
Shoo-shoo, shoo-shoo, shoo-shoo, Sugar Town
Sigh...1967 looks so great in the rear-view mirror. I was 16, the Vietnam war hadn't really caused social disruption yet and we were still on a post-WW II / 1950s high. Of course, you have to ignore race riots and assassinations.
Is the economy “good” OR is the data and reporting being manipulated by the same people who lie about everything?
There are economic metrics that are in uncharted territory right now that are conveniently overlooked by those who want to paint a pretty picture.
There are other metrics indicating that things are not as bad as they might seem which are ignored by those pushing gloom and doom.
I am certain of a few things -
The people in charge of our economy act to protect their friends and interests, not those of my children.
The inevitable day of reckoning with debt, government spending, and easy money is fast approaching.
I don’t think a “playbook” exists that will help those in charge navigate this.
We are in a massive bubble made larger by many bubbles (much like China) so the question is which nation pops first?
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