Negative growth rates are often accompanied by declining real income, increasing unemployment, and reduced production
The GDP has now declined two quarters in a row. The FED and the White House are attempting to redefine recession. They are lying to the American people.
Look at the first sentence carefully. inflation is driving the bus right now. The decline in real income has affected every American other than those making money in stocks. Their income is declining as well, they don't "feel" this as the average American does. What is happening now is that the early stages of not going out to spend on a dinner, movies, amusement parks are beginning to take hold. That will involve a decline in employment in the entertainment industry. Housing is on the verge of collapse, when that goes, look for the markets to go into a steep decline. AS retail purchasing power declines, so will production and the purchase of American and Chinese goods. On top of everything ......toss in a few million unskilled workers from Latin America. The burden of which is on the backs of local governments.
As Latin America agriculture declines from woke stupidity .....look for millions to begin their way to the border.....
Right now, it appears we are headed to looking like Sri Lanka and Venezuela.
But, Congress is spending money on Chips and useless climate deals with the EU ....They are faltering quicker than we are. They started two years ago and look at where they are at.
The House and Senate must be flipped .....
The GDP has now declined two quarters in a row. The FED and the White House are attempting to redefine recession. They are lying to the American people.
Look at the first sentence carefully. inflation is driving the bus right now. The decline in real income has affected every American other than those making money in stocks. Their income is declining as well, they don't "feel" this as the average American does. What is happening now is that the early stages of not going out to spend on a dinner, movies, amusement parks are beginning to take hold. That will involve a decline in employment in the entertainment industry. Housing is on the verge of collapse, when that goes, look for the markets to go into a steep decline. AS retail purchasing power declines, so will production and the purchase of American and Chinese goods. On top of everything ......toss in a few million unskilled workers from Latin America. The burden of which is on the backs of local governments.
As Latin America agriculture declines from woke stupidity .....look for millions to begin their way to the border.....
Right now, it appears we are headed to looking like Sri Lanka and Venezuela.
But, Congress is spending money on Chips and useless climate deals with the EU ....They are faltering quicker than we are. They started two years ago and look at where they are at.
The House and Senate must be flipped .....