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trod123 | 1 year ago
Do note that each one of your news outlets which you linked are members of the trusted news initiative, and effectively state run media (a cabal).
Please do your own diligence by looking at the actual data and stop pushing false rhetoric coming from an echo chamber. Accepting false information as true is by definition delusional.
It appears you have fallen for their propaganda, or otherwise have a vested interest in promoting such.
The US economy is not extremely healthy, it isn't healthy at all. By most metrics late 2022 showed growing warning signs of stagflation. The layoffs in 2023 solidified that, and layoffs continued unabated.
The abandonment of the petrodollar will guarantee inflation remains high despite high interest rates, and when they have to cut those interest rates because of deflation, hyper-inflation will surge. These distortions are the consequence of economic calculation problem in action (Mises).
BofA is on shaky ground, they will likely be the next large bank to fail. Shortages have been persistent in non-discretionary goods since August.
All of these signs are warning signs of economic collapse or as people have come to call it the hard landing. You can't print money indefinitely out of nothing and expect there won't be any consequence from that, the dire consequences we will be living through is what all those people warned about when the sound dollar policy for monetary policy was discarded.
A lot of data references models from economist's, but most economists have and continue to be wrong in their conclusions. Economies are limited visibility n-body systems, there are islands of regularity, and statistics isn't sufficiently developed to say anything about systems that have a mixture of regularity and chaos or correct for those.
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