The Economy is not as Good as they would have us believe

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This topic contains 2 replies, has 3 voices, and was last updated by  TRex2 1 week, 1 day ago.

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  • #53148

    ForwardPreppers
    Participant

    Ran across an article on Zero Hedge that shed a poor light on the state of the economy. The article goes over several reasons why the economy is not doing as well as we are being told. A couple of them that were of interest to me are:

    1: Public debt rose to 105% of GDP compared to just 62% in 3rd quarter 2007. Thanks Obama.
    2: Commercial and Industrial loans are down 82% year over year. That is horrible. I can tell you that number is pretty damn accurate. The company I work for plays in those two industries very heavily and numbers are down considerably over the past 18 months with no end in sight. It is a huge company that does business all over the world, so this is very concerning to me. They are scrambling to find ways to keep their stock price up. They have bought back stock and cut expenses to where there is nothing left to cut short of laying off people. I am one of the few employees left that is allowed to travel for their job. All of the outside sales force has been told to do their job by phone instead of meeting with the customer face to face. VERY CONCERNING.
    3: The Velocity of Money is at it’s lowest point since 1949. If the Velocity of Money is low that means money is not changing hands, which has a direct impact on GDP. So how can GDP be at or above 3% if the Velocity of Money is at it’s lowest point. Does not make since. Can it be that they are lying to us?? Surely they would not do that.

    Here is the link to the article if ya’ll would like to read it.
    https://www.zerohedge.com/news/2018-01-06/number-us-monetary-signals-are-flashing-red-does-it-matter

    Also, a very good friend of mine is a produce broker. I spoke to him a couple of days ago and he says the cost of trucking has gone up between 50-75% since the 1st of the year. Said to expect the prices of food to start going up soon. Another sign that things are not as good as we are being told.

    FP

    #63720

    ThePrepared
    Participant

    I made statements around the economy being worse than people perceive in some recent media/podcast interviews, and got flamed for it afterward.

    It all boils down to this:

    Does it feel like things are working well?

    No. Too many people are struggling to get by, and those that do barely have something you’d consider a healthy and balanced life.

    It’s also shown in the numbers. Won’t link to our article on it here, but the current generations are at very high risk of being worse off than their parents.

    #63788

    TRex2
    Participant

    It also isn’t as bad as some would like you to believe.
    The economy, according to every measuring device I can find, seems to be slowly getting better. Life always has been, and always will be a struggle.

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