#Inflation #taxation #deficits #budget #economics #GDP #Recession #markets #stagflation
We are seeing a phony market surge to mask the release of recessionary data this week. Don't trust any of the hoopla. The economy is collapsing at an alarming pace, with negative GDP and record-low disposable income. We have around 50 days till the next Fed meeting, and we should anticipate some form of diversion or they will have to admit the economy is in trouble.
Democrats’ high-spending ‘Inflation Reduction Act’ will do just the opposite: https://nypost.com/2022/07/28/democrats-high-spending-inflation-reduction-act-will-do-the-opposite/
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