Only they’re not printing money - M2 is down about $1.2 trillion from the peak in 2022, and the Fed is continuing to shrink the money supply at the rate of $750 billion a month.
And a $1 trillion annual deficit that may be pushing $2 trillion in the near future. What a CF.
Maybe it’s time to buy more silver.
“Money Printing” is actually somewhat of a misnomer. The majority of money issued by the Treasury Dept. is digital. It’s sent from servers at the Treasury Dept. to servers at banks.
Get on with your life, opportunities are everywhere right now.
"The NY Empire State Manufacturing Index plunged to -43.7 in January 2024, the lowest reading since May 2020, signalling a sharp drop in manufacturing activity in the NY state. It compares with a reading of -14.5 in December and forecasts of -5. New orders (-49.4 vs -11.3) and shipments (-31.3 vs -6.4) also posted sharp declines and unfilled orders continued to shrink significantly (-24.2 vs -24). Also, delivery times shortened (-8.4 vs -15.6) and inventories edged lower (-7.4 vs -5.2). Employment (-6.9 vs -8.4) and the average workweek (--6.1 vs -2.4) declined modestly. Meanwhile, the pace of input price increases picked up somewhat (23.2 vs 16.7), while the pace of selling price increases was little changed (9.5 vs 11.5). Finally, optimism remained subdued although firms expect conditions to improve over the next six months (18.8 vs 12.1). The capital spending index increased ten points to 13.7, pointing to some improvement in investment plans. source: Federal Reserve Bank of New York"