Small business owner in bulk ag. I’m doing ok. Not great.
Grandson, married 2 years just found out a baby is on the way. Getting laid off. He’s freaked out unfamiliar with what happens during these times. Thankfully wife is employed by the State.
Sometimes stores are accused of marking goods up and then having a huge sale where prices are “slashed.”
So they mark their products up by 50% and have a 40% off sale...
That is what Biden is doing. I am still paying over $1/gallon more for diesel fuel than I was with Trump, even though it has gone down from paying $2.50/gallon more than under Trump.
Laffer ping.
Two problems1- fed spending 25% of GDP up from pre covid levels of 20%. This makes growth impossible I don’t care what the numbers say. 2- deficit 8% of GDP makes controlling M2 and inflation possible. This does not end well