As an Amazon Associate I earn from qualifying purchases from amazon.com

US Real GDP Plummets To 1.33% As Fed Continues To Help Inflate Prices (Baltic Dry Shipping Price Index Soars!) – Confounded Interest


The Atlanta Fed’s real-time GDP tracker fell … again … to 1.33% as The Federal Reserve continues its bizarre monetary stimulus.

The culprits? Declining auto sales, manufacturing, etc.

I have discussed soaring prices since Biden’s election (food, energy, housing, rent, etc). But another soaring price component is shipping costs. Up 315% since mid-February.

While Trump’s slogan was “Make American Great Again”, Biden and The Fed’s slogan should be “Make America Far More Expensive For The Middle Class.” But that won’t fit on a bumper sticker.



Source link

We will be happy to hear your thoughts

Leave a reply

Backup Investor
Logo
Enable registration in settings - general
Compare items
  • Total (0)
Compare
0