Dissecting the GDP “growth” numbers
Turns out digging for the truth is not so hard this AM.
https://x.com/Guv999/status/1639468319978971138
https://x.com/LexTweetr/status/1829237923780157848
GL
Turns out digging for the truth is not so hard this AM.
https://x.com/Guv999/status/1639468319978971138
https://x.com/LexTweetr/status/1829237923780157848
GL
From Armstrong blog yesterday:
I have stressed that studies in ancient times as well as modern show that during a crisis you head toward DEFLATION as money becomes scarce, the VELOCITY of money collapses, and people HOARD wealth – they do not spend it. The US will experience a period of stagflation as GDP will decline as inflation soars. Banks will begin to fail in Europe before it becomes a global contagion.