The news media reports on the economy in ways that try to distort what is really happening. For one they have introduced the term Disinflation. Dis inflation is simply no inflation. Or inflation at zero. It is not deflation. So prices are not going down. They are staying high.
Inflation has to continue. Because lots of large unions like automakers UPS and airlines have substantially raise their pay. So prices have to go up and stay up.
Biden threw over ten trillion dollars at the economy. He kept the lock down a year longer than it was needed. Frankly it was not needed. But he kept it a year after it was proven to be useless. And he sent out checks to everyone after jobs became available in large numbers. While halting student loans for people who could easily pay them. In short he wrecked the economy but kept it afloat with vast sums of debt.
Don’t expect prices to come down. They won’t. Mortgages will come down 2% as the elections come nearer. But that won’t solve anything. Our economy is now completely fake. Macroeconomics is no longer real. Our government has taken over. When things go up or down its because the government wants it to happen. But the media will just create a lie to make you think there are economic forces at work.
But that won’t solve anything. Our economy is now completely fake. Macroeconomics is no longer real. Our government has taken over.
Doing business under Facism.