The Thrill Is Gone! Richmond Fed Index Plummets To Covid-era Levels (Conference Board’s Consumer Confidence Falls Below 100) As Fed Withdraws Stimulus

It took a while and trillions in fiscal and monetary stimulus to recover from Covid-era economic lockdowns, but now that the monetary stimulus is being withdrawn, the economy is stalling.

If you look at the chart below, you can see that “The Thrill Is Gone” from monetary and fiscal stimulus.

And The Conference Board’s Consumer Confidence Index fell below 100 as M2 Money Stock YoY returns to pre-Covid levels.

You are gonna have to face it, we’re addicted to gov (stimulus).