With the Democrats you get inflation. Higher prices for the same things and higher taxes and higher debt.
With the Republicans you get inflation. The same prices for inferior things and higher taxes and higher debt.
With bipartisanship you get all of the above.
With gridlock you get no fiscal policy direction at al and place yourself at the mercy of monetary policy. See illustration above.
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The Government Is About To Revise Every GDP Report Since 1929
...the BEA will add R&D and royalties from film, television, literature, and music into GDP accounts, painting a sunnier picture of our economic history.
Deutsch Bank economist Joseph LaVorgna wrote his thoughts in a new letter to clients:
The net effect could be a 3% upward revision to the level of output.
And fewer children will go hungry as a consequence of higher measured GDP.
Regional and State Employment and Unemployment Summary
Regional and state unemployment rates were little changed in June.
Twenty-eight states had unemployment rate increases, 11 states had
decreases, and 11 states and the District of Columbia had no change
Sadly, U6 continues to be ignored, and EMRATIO isn't considered from a policy making perspective...
Do Americans Believe Capitalism & Government Are Working?
Greater than 50% do, but it's the nearly 50% that don't which worry me...do they really think socialism works better? Of course they do...:facepalm:
Sadly, U6 continues to be ignored, and EMRATIO isn't considered from a policy making perspective...
See several posts previous for the accounting glitch that caused initial claims to be reported as down despite a spike in unadjusted reported numbers.
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