Bidenomics: The Good, The Bad And The Ugly (Atlanta Fed GDP At 4.12% For Q2, Bank Credit Growth Goes Negative, Confernce Board Leading Indicator Goes Negative, REAL Gross Domestic Income Growth = -0.82%)

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Bidenomics, which is also Yellenomics (the former Fed Chair and current Treasury Secretary) has The Good, The Bad and The Ugly to say for it.

First, The Good! The Atlanta Fed’s GDP Now real time GDP tracker has Q3 GDP at … 4.12%. Pretty good, but bear in mind that there is still more than $8 trillion in Fed Monetary Stimulus outstanding (aka, Yellenomics).

Second, The Bad. Bank credit growth is now negative.

As lenders are tightening credit standards for commercial and industrial loans.

The ugly? There are several candidates for this dishonor.

One, The Conference Board’s leading economic indicators is down -10.

Two, REAL median weekly earnings growth remains negative at -3.57% YoY.

Third, auto loan and credit card balances are at $1.5 TRILLION making further consumer credit more difficult to finance GDP growth.

Fourth, Real Gross Domestic Income growth was negative in Q1 2023.

I could go on and on about the negatives of Bidenomics (e.g., massive distortion of Federal spending towards green energy and big donors). Isn’t the earth moving closer to the Sun in its elliptical orbit?? HOW is spending trillions on green energy work as we move closer to the Sun??

I am waiting for Bill Gates to recommend firing nukes at the Sun to reduce the extreme heat as Earth moves closer to the Sun.

Merrick “The Mouse That Roared” Garland throws up roadblocks to protect “Stonewall Biden.”

Published by confoundedinterest17

Published