Is That All There Is? US Avoids Recession As Real GDP Rises 2.4% In Q2 As Debt-To-GDP Hits 124% (10Y-2Y Curve Rises To … -97.952 BPS)

Banking, ECB, Economy, Fed, GDP, Gold, Inflation, Powell, Silver, Treasuries, Treasury, Uncategorized, Wages, Yellen, Yield Curve 1 Minute

As Peggy Lee warbled, “Is that all there is?”

Both The Federal government and Federal Reserve went wild with stimulus surrounding the Covid economic shutdown in 2020. The excessive reaction function is still working its way through the economy and we finally got Q2 Real GDP QoQ of 2.4%! But seriously, is that all we got from an increase in public debt of 39% since January 2020, and M2 Money increased 36%. And, of course, The Federal Reserve double their balance sheet from 2020 to today … and are slow walking its removal. So, with Biden’s insane green spending and Powell’s monetary stimulytpo, all we got was 2.1% Real GDP growth YoY??

And US public debt to GDP is now over 120%, thanks in part to Federal spending and Fed monetary stimulus related to the Covid economic shutdowns.

Foul Powell on the prowl.

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Published by confoundedinterest17

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