U.S. manufacturing numbers took a sharp turn for the worst last month, now dropping at a 5.3% annualized rate. The one way out of this mess is the one thing they will not do, massively downsized government. In fact, if governments crush the economy and print money as enthusiastically as they have these past three years, we could be looking at a worsening of growth incomes and inflation.
In this Episode:
- Bloomberg: Real Estate is a “Debt Time Bomb”
- Our Independence in Exile
- GDP could be overstated by 3%
- IMF worries inflation Can’t be Stopped
- Manufacturing falls for 8 Months Straight
- America’s “Fiscal Death Spiral”
- Biden’s McJobs Economy
I also write at www.profstonge.com
And I’m always on Twitter as @profstonge
Support the show