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Ep. 1784 - The Economy Is Spiraling The Drain
The Ben Shapiro Show
The Precarity of Gross Output
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weak Chinese export data, dimmer financial outlook from UPS and a credit downgrade for 10 smaller US banks sends stock indices down on Tuesday. Government bond prices climbed pushing yields down. People are trying to invest in government bonds at this point and get away from the stock market, which is a sign of economic weakness. We're looking right now at persistent high inflation in Europe, tight financial conditions in Asia, a slow recovery. All of this is negative stuff. China is slipping into deflation right now. Well, what happens to the United States is also heavily debt burdened. But just remember, when we sell our bonds that have an interest rate of 5.75%, all we're really doing is
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