Our Thriving Economy
I keep reading about how one of the super-duper reasons to buy this crazy-cheap stock market is because of our oh-so-swell bustling economic engine. Oh, you betcha! Here, let’s look at some of the actual facts!
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We import everything and export almost nothing.
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Inflation is going into overdrive.
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Homes are less affordable than ever.
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The velocity of money has crashed to record lows.
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And people have stopped saving money for a rainy day
There is ONE thriving chart, however, which is the Federal Reserve’s REVERSE REPO, which has exploded from virtually nothing to over TWO TRILLION DOLLARS EVERY NIGHT, but I’m sure it’s nothing.
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