Posted on 01/18/2024 6:37:04 AM PST by Kaiser8408a
President Biden still shuffles around mumbling about Maga Republicans and defending democracy (while gettig his DOJ and affiliates to prosecute his leading Presidential opponent) even though …. consumers continue to struggle. While Biden is in wonderland, American consumers are in hell.
Savings as a percentage of GDP is actually NEGATIVE as sticky price inflation remains above 4%.
Any good news? At least the US Treasury yield curve (10Y-5Y) is normalizing.
How true!
(Excerpt) Read more at confoundedinterest.net ...
Until both parties can get their snouts out of the trough we are still screwed. Let’s not forget that if you look at M2, it kept going up in its trajectory during the 2016-2019 period. It really took off in 2019-2020...
This is not an R or D issue. They are all bad actors when it comes to the Federal Budget. And that won’t change in an election year. We will hit $35T faster than we can imagine.
You have to build a wall between the Hog and the Trough. They won’t abandon the slop just because you ask nicely.
The American people have to understand that everything is going to have give a little. No one wants to hear that.
This means seniors, military, social engineering folks, and “safety nets.”
That’s a tough sale.
Nikki Haley talks about changing retirement age 50 years from now...,and everyone loses their minds.
Wait until the 20 year retirement from the military gets 45% instead of 50%. Or that VA benefits will only apply to retirees or service related injuries.
No one is going to want to hear that.
As I recall it, many decades ago, that is how it once was. When did it change so that anyone who served and was a veteran for any number of years was able to get VA benefits?
The only reason inflation is trending down is because fuel prices are way down. As soon as the Democrats “win” in November, they’ll shoot right back up.
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