The US Federal authorities jogs my memory of the Peggy Lee tune “Is That All There Is?” For the reason that outbreak of Covid in 2020 and the absurb spending spree by Pelosi and Schumer, the Federal authorities has elevated their debt by 36% to assist pay for the Federal spending spree. That quantities to $54.8 TRILLION in extra Federal debt since January 2020.
What did the US financial system get for all that Federal spending? In This fall 2022, Actual GDP rose by … 0.91% YoY. Severely? Is that every one there’s from $54.8 TRILLION in extra Federal debt?
What do you count on when low-life lobbyists shuffle out and in of Congressional places of work and the White Home. Lobbyists don’t signify center class America, however signify the elites.
One other little bit of awful information. Have a look at the development in S&P 500 Earnings Shock (5 12 months).
On the housing entrance, the US housing market was hit with the most important six-month wipeout since 2008.
Not less than US Transportation Secretary “Pothole Pete” Buttigieg FINALLY confirmed up (three weeks after that East Palestine Ohio prepare catastrophe). Right here is Buttigieg practising for press convention.