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%)

by confoundedinterest17 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 …

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The McDonald’s Inflation Indicator

by B3stAuD1t0rofA11tiME The price of a Big Mac is currently around 5 bucks That’s a 22% increase since Covid It looks the same and as usual when you are done eating it there is lettuce all over the place I’m not sure if the price increase was due to cleaning lettuce off the floor Now …

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Recession indicator recurred in March, predicted Sept-Dec.

Here’s an easier chart. EVERY recession since 1969 has had same indicator. We had it again. When? 2/10 yield curve hit peak inversion (a 40+ yr high) in March. History says recession 6-9 mos after. Since March data says recession would start Sept-Dec. Ppl are just impatient. pic.twitter.com/BU8XPwwTMI — Macrotrend Mojo (@MacrotrendMojo) July 10, 2023 …

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Continued Claims – A recession indicator with a 100% perfect track record, has crossed the rubicon

by Reduntu Recessions Shaded. Red line is current status, +30% YoY What are continued claims? Each week, the government releases a count of how many unemployed people continued to claim unemployment insurance for another week. When this number increases, it means currently unemployed people are staying unemployed instead of finding jobs and re-entering the workforce. Historically, every time …

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