Author Topic: The Economy is Going to Implode  (Read 123953 times)

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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #1020 on: Today at 09:00:51 AM »
Another SITYS I harp on often...cooked government data - confirmed by Phili Fed - payrolls overstated 800,000 thru Dec'23!!!

https://www.zerohedge.com/markets/philadelphia-fed-admits-us-payrolls-overstated-least-800000

We all know people are working more than one job to make ends meet, most new jobs being part-time...and any increase in FT almost always led by fricken government jobs...now we even have proof of replacement - foreigners replacing indigenous workers...

All government data is games...ALWAYS.

And adding a $1T in debt every 100 days is not going to make anything in this fundamentally poor economy better, it will however make it a lot worse.

The Fed is boxed in, part self-inflicted part other idiots (Congress & WH being spendaholics) and under enormous pressure for rate cuts this year...have no good options...

https://www.zerohedge.com/markets/what-will-fed-do-next

And, who knows what lurks around the corner?  As for me I continue to bet on reflation and see energy and precious metals the only safe haven...just not sure if there is a light at the end of the tunnel or an onrushing train of doom that cannot be avoided...

https://www.zerohedge.com/markets/americas-minsky-moment-approaches
We are now where The Founders were when they faced despotism.