I’m guessing Comrade Clayton is just about top-ticking the economy with this retarded post. I want to immortalize it and laugh at it later….
LOL. Yeah, the economy is SO STRONG they just slashed fed funds by 50 basis points.
Fun fact: they have NEVER started a cutting cycle with 50 bps where we didn’t later have a recession.
Not to mention, the U.S. is deficit spending to the tune of about 7% of GDP during PEACETIME in a supposedly-booming economy. Also unheard of.
Remember: the federal government is printing $2 Trillion of debt this year…that is $6,000 per person! The average family of four owes $600,000 of federal debt increasing at 10% a year.
When debt is growing at 7% a year and the economy is “growing” at 2.5% or 3% a year and you have debased the currency by about 30% over the last few years…that’s not a “strong” economy. That’s a debt spiral.
Gold knows this – which is why it’s up ANOTHER $140 (5.5%) over the last 5 weeks and up 30% ytd.
Oh, and it’s beginning to look a lot like stagflation!
US Manufacturing PMI Plunges To 15-Month Lows; Prices Are Soaring Again
US Consumer Confidence Plunges Most In 3 Years As Labor Market Weakens Significantly
US BANKRUPTCIES HAVE BEEN RISING AT THE FASTEST PACE SINCE THE 2008 FINANCIAL CRISIS
