confoundedinterest17
#bubble, #inflation, #wine, Banking, Economy, Fed, GDP, Gold, Inflation, Jobs, Mortgage, Oil, Powell, REITs, Silver, SPX, Stocks, Treasuries, Treasury, Uncategorized, Wages, Yellen, Yield Curve
February 17, 2023February 17, 2023
1 Minute
President Biden touts his economic plan as being a great success. But the data says otherwise. Real Disposable Personal Income, for examplge, was down -6.4% year-over-year (YoY) in 2022. That is the WORST reading since The Great Depression.
And to cope with inflation, Americans have expanded their credit useage, but credit card delinquencies are through the roof.
So much for “Middle Class Joe” and The Forgotten Man. Biden hasn’t forgotten, he just doesn’t care.
Like this:Like Loading…
Related
Published by confoundedinterest17
View all posts by confoundedinterest17
Published
February 17, 2023February 17, 2023