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ECONOMICS: IT'S NOT LOOKING GOOD

ECONOMICS

There is no doubt that we are suffering "stagflation" as indicated by an inflation rate of approximately 8.5% and a decline in our Gross Domestic Product of -1.4%.

Compound this with further bad economic policies such as attacking energy production increasing government spending, especially on behalf of foreign sovereign nations, increasing domestic taxes, pushing tariffs which are domestic taxes, and allowing unions to hold our supply chains hostage at the U.S. ports.

Add the bubble growing in all asset classes driven by speculative perceptions and insane valuations based, not on profits, cash flow, or assets, but on the last round of investor funding.

This is a recessionary trend where we have too many dollars chasing too few goods and refuse to ramp up production to resolve the imbalance.

The Federal Reserve will be raising interest rates and the cost of money and debt services is going to be burdensome -- shifting cash allocation from growth to debt service.

It should also be noted that the statistics are fudged and what is reported now is subject to revision in the next six months.

We also are looking forward to Chinese supply chain disruptions, semiconductor chip shortages and continuing degradations in commercial real estate utilization and rentals as companies virtualize their workforce into remote workers.

Add a corrupt and incompetent Obama-led Biden Administration and we are screwed.

-- steve


“Nullius in verba.”-- take nobody's word for it!

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell

“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar

“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS


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