Loading ...Economic Mayhem
The economic gaslighting by the administration and the FED is likely nearing it’s end. Anyone paying attention knows the whole narrative of economic strength, hyperinflation, strong job creation etc. is ALL bullshit.
Car dealers are going bankrupt. Repossessions are soaring. Credit card delinquintcies skyrocketing. Only the BS stats from the government and the MSM flunkies who are lying for them, show any semblance of normalcy.
The depression began in March 2023 when the banks started failing. We have been lied to and gaslighted and the SIHTF.
The stock market has topped. The interest rate bounce is just about over and a short term, swift wiff of disinflation is already beginning.
The FED will have to implement extreme emergency measures to backstop banks and the financial system, probably including a large rate cut before the election. (Possibly as soon as next weeek’s meeting.)
I don’t think there is a rate cut coming any time soon
Inflation is ramping up
I sure agree on the statistics. I notice it more than others because I watch chaarts. But the data is almost all lies and bullshit anymore no matter what the topic. We have not been able to trust government data collection since prior to Covid. Since then the lying to cover all the pandemic deceit and make things still look rosy has become epidemic.