More evidence of a recession in the offing

Really bad times, AKA Winter, is here.....only the morons (of which there are far too many!) dont know.
 
Powel should have gradually raised the interest rate months ago. The main problem though is the Dems have pumped too much money into the economy. That lowers the value of money. And it makes too much money chasing too few goods. That is inflationary. They should have stimulated production. You don't do that by increasing taxes on industry. They should require some basic economics courses to be taught to everyone in congress. Those guys don't have a clue about how the laws that they make affect the economy.
 
I've been warning everyone about this for months.

But even Powell cant pretend its not happening anymore.

More dominoes falling...
 
ExpressLane said:
Powel should have gradually raised the interest rate months ago. The main problem though is the Dems have pumped too much money into the economy. That lowers the value of money. And it makes too much money chasing too few goods. That is inflationary. They should have stimulated production. You don't do that by increasing taxes on industry. They should require some basic economics courses to be taught to everyone in congress. Those guys don't have a clue about how the laws that they make affect the economy.
Click to expand...

Powell is now panicking, so he is going to totally fuck the economy by raising interest rates too fast.
 
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United States Gross Federal Debt to GDP - Trading Economics
https://tradingeconomics.com › United States
In the long-term, the United States Gross Federal Debt to GDP is projected to trend around 138.50 percent of GDP in 2023 and 139.40 percent of GDP in 2024.

United States Government debt accounted for 126.8 % of the country's Nominal GDP in Jun 2022, compared with the ratio of 128.9 % in the previous quarter.

https://www.ceicdata.com/en/indicato...of-nominal-gdp

Our national debt will exceed the total of goods and services by 38% in 2023.

Chapter 11 bankruptcy

A national security issue...along with the layoffs.
 
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