Deliveries are at a low.
The stock market is 40% monopoly game money.
There was already a big selling of stock and lots of Capital gains taxes paid by those getting out at the right time. (which is what happened before the Clinton crash)
Something this way comes IMO.
One way to judge the economy is to check out the number of 18 wheel trucks hauling freight. The wife and I have been driving for almost 9 years now and I have never seen trucks stops so empty. Even back East, we can find parking spots at 1-3 AM, almost unheard of when we started. Out West, well it gets worse. Some of major chain truck stops are often 1/3 empty at night.
Since 18 wheelers tend to be the major carrier for a lot of products, it is a simplistic way to judge the economy. We don’t see the economic recovery that the Administrations touts. We see a stagnant economy with slow, if any growth.
Roubini is like a weatherman always predicting a storm. It pays the bills.
to “put public debt trajectories on a sustainable path” is a laughable statement. The relatively nimble and free market Unites States currently holds $214 trillion in net (that’s after all tax collections) debt (including promises of Medicare, SS, etc.).
It’s over. Either inflation or repudiation or both.