Posted on 07/27/2023 7:07:56 AM PDT by Kaiser8408a
As Peggy Lee warbled, “Is that all there is?”
Both The Federal government and Federal Reserve went wild with stimulus surrounding the Covid economic shutdown in 2020. The excessive reaction function is still working its way through the economy and we finally got Q2 Real GDP QoQ of 2.4%! But seriously, is that all we got from an increase in public debt of 39% since January 2020, and M2 Money increased 36%. And, of course, The Federal Reserve double their balance sheet from 2020 to today … and are slow walking its removal. So, with Biden’s insane green spending and Powell’s monetary stimulytpo, all we got was 2.1% Real GDP growth YoY??
And US public debt to GDP is now over 120%, thanks in part to Federal spending and Fed monetary stimulus related to the Covid economic shutdowns.
Foul Powell on the prowl.
(Excerpt) Read more at confoundedinterest.net ...
Take away government spending and you are down to 1.5%.
Does any reasonable, thinking person still actually believe any government pronouncements?
5% growth in Govt spending....so right...GDP is up...
Hey — I know how we can double GDP this year. But it might cause inflation ...
(Does any reasonable, thinking person still actually believe any government pronouncements?)
You mean like:
“safe AND effective”?
Are we just measuring inflation in the GDP?
“Real” indicates the amount is adjusted for inflation.
Thanks!
80% of everything is fake or a lie.
I don't disagree but it is possible to make lemons into lemonade.
Oh yeah . . . did they mention the Strategic Oil Reserve is on empty . . . . and the gas station has been put out of business by the biden crime syndicate. . . ?
All we are going to get is baloney about the economy until the election.
“ 80% of everything is fake or a lie.”
It’s America…that is 99.9% in America. The rest of the world brings that number down somewhat.
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