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re: Economic Update

Posted on 12/16/23 at 2:01 pm to
Posted by doubleb
Baton Rouge
Member since Aug 2006
36209 posts
Posted on 12/16/23 at 2:01 pm to
quote:

2 wars just started...billions given out we don't have


The wars have little to do with our economy.

Inflation is due to the Federal spending beginning under Trump and exploding under Biden. Trillions were put into play.

The money went to businesses, state and local governments and directly to citizens and yes illegals.

Jobs were wiped out only to be “recreated” at higher wages and salaries. In a sense people had to be paid to leave home via higher pay.

None of what we are seeing would happen without big brother first destroying the economy and then trying to rebuild it by printing money.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124188 posts
Posted on 12/16/23 at 2:26 pm to
quote:

Inflation is due to the Federal spending beginning under Trump and exploding under Biden.
That would certainly be a standard explanation.

But in this instance, the DXY indicates otherwise.


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