Saw through this BS after the, jobs are on track lie.
U6? I’d say 20%
Food is still high though gas is cheap...and gas being cheap adds more unemployment from the oil cracking industry.
USD velocity is putting on the breaks...Baltic dry index sucks.
The lies continue...some are so fooled they buy 300 presents for their 3 kids and pile them up past the Xmas treetops.
Beam me up Scotty!
Does the Fed actually believe all the BS numbers the Department of Lies, ah, Labor is shoveling and raise interest rates or look at reality and keep them where they are? Either way the country is screwed because the law doesn’t apply and there is no longer an attempt at a referee, government and business are one in the same and the people just get the bill.
Inflation as has been posted is alive and well at the grocery store, smaller packages, higher prices. Lower energy prices should help but with all the taxes and BS green energy crap that monthly power bill remains artificially high.
All the money from the numerous QE’s is still in the banks or in the stock market, little has reached main street.
When the country is “officially” in another recession what does the Fed have left in the cupboard? Not much, wouldn’t surprise me to see Helicopter Ben’s mocking comments actually come to fruition, the Fed handing out money to the government and it being openly deposited in bank accounts, a helicopter drop electronically.
The world is so far in debt the only way to repair it is a debt jubilee world wide, governments and private people alike.