GDP grew 1.4%, deflator 3.6% — most of the “growth” is inflation. Productivity is terrible. Forget shutdown excuses. PCE spikes, GDP crashes 68% sequentially — stagflation alert

For those arguing the GDP data "isn't that bad" due to the gov't shutdown, the ACTUAL data DISAGREES. The GDP Deflator came in at 3.6% – meaning most of the 1.4% GDP was inflation, NOT real growth. Forget the shutdown excuse. The weakness is real, and productivity is terrible. https://t.co/W13nd3nZAh pic.twitter.com/f88eUhdNRX — Gordon Johnson (@GordonJohnson19) …

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China’s Economic Woes Deepen: Hang Seng Index Drops 4% Amidst Concerns Over Liquidity and Declining GDP Deflator

China’s economic woes deepen as the Hang Seng Index plunges 4% in response to another round of disappointing macro data. The persistent question arises: how long until China resorts to injecting substantial liquidity despite its rapidly escalating debt? Concerns grow over the limited list of quality Chinese stocks, given the government’s authority to cease businesses …

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The Core! US PCE Core Deflator Remains High At 4.6%, Spending Slows (Taylor Rule Suggests Fed Funds Target Rate Of 10%, Halfway To Target!!)

by confoundedinterest17 The film “The Core” was a silly film, but core inflation in the US is a serious problem for the middle class and low-wage workers. It remains elevated despite Treasury Secretary Janet “The Marxist Gnome” Yellen saying it was “transitory.” Looks pretty permanent to me! The Federal Reserve’s preferred measures of US inflation …

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