US Real GDP Plummets To 1.33% As Fed Continues To Help Inflate Prices (Baltic Dry Shipping Price Index Soars!)

Sharing is Caring!

by confoundedinterest17

The Atlanta Fed’s real-time GDP tracker fell … again … to 1.33% as The Federal Reserve continues its bizarre monetary stimulus.

The culprits? Declining auto sales, manufacturing, etc.

I have discussed soaring prices since Biden’s election (food, energy, housing, rent, etc). But another soaring price component is shipping costs. Up 315% since mid-February.

See also  George Gammon: Gold Price Breaks Out!! Will It Continue Into 2022 And Beyond?

While Trump’s slogan was “Make American Great Again”, Biden and The Fed’s slogan should be “Make America Far More Expensive For The Middle Class.” But that won’t fit on a bumper sticker.

See also  Grocery Prices at Tipping Point...

And Biden/Democrats now want to RAISE taxes!

 

 

191 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.