“Lies, Lies and More Lies”
Yep, Fuzzy math.
Fuzzy nothing. Lies all over. So spending is up 5% while costs increase 100% which tells me things are actually down 95%. 100K jobs created with 70K of the jobs were guberment jobs which produce nothing. Cash flows only because the guberment is printing fake money.
What will happen when people max out their cards and start failing to make payments plus have to quit spending on groceries houses, cars etc?
“Shrugging off higher interest rates, America’s consumers spent enough to help drive the economy to a brisk 5.2% annual pace”
Of course, this true. If inflation over the period is 10%, to simply maintain, spending must increase 10%. Middle class and working class poor are tapped out. Spending 5% (or whatever) more means we actually getting less less for our increased spending.