GDP came in at about 1/2 the previous qtr, even with massive gov't spending. It absolutely collapsed.
ANND... GDP Price Index (Deflator) came in at 3.2%, double the 1.6% last quarter. PCE almost doubled from 2.0% to 3.7%...
Inflation rising, private sector crashing, gov't still spending like a drunken sailor on steriods, adding to our future problems.
Chaos is coming.
ANND... GDP Price Index (Deflator) came in at 3.2%, double the 1.6% last quarter. PCE almost doubled from 2.0% to 3.7%...
Inflation rising, private sector crashing, gov't still spending like a drunken sailor on steriods, adding to our future problems.
Chaos is coming.
