Diane Kimura

A troubling trend we’re seeing, not just among individual investors, but the U.S. government as a whole: taking on debt to kick their financial problems further down the road (with rising interest tacked on).

People Can't Afford Household Expenses, Including Electricity yet, the government keeps spending pushing up prices with inflationary policies.

- 54% of Americans use savings to pay for everyday expenses like groceries and rent.

- Consumer credit card debt surpassed $1 trillion for the first time this year.

- The US debt now stands at over $33 trillion.

On a year-over-year basis, government spending accelerated from 0.9% to 2.7% (in Q1) then from 2.7% to 3.8% in Q2.

If you sign off on Big Government (Big G) spending, then you know going into the presidential election you’re going to slow against those Big G base effects.
You don’t just get that for free.

For all of 2023, you can say, ‘Look, there’s no recession, the job market’s great,’ because you bought the numbers.

The bill will come due on all of this, and when it does, the signs of a slowdown that became apparent in late October will just be the beginning.

Posted by: Timothy Birdnow at 07:28 AM | No Comments | Add Comment
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