LOADING... Financial Recovery
It’s no secret that the Federal Reserve has been printing money since the 2008 Financial Collapse. As the recession continues… oops I mean recovery… The question is, how much has this printing of money contributed to current inflation?
For most Americans they have noticed prices going up, whether it’s gas for our cars, college tuition, rent, or food at the grocery stores. Forget the disposable income, prices for staple goods are now consuming the paychecks for most people. QE1, QE2, and QE3, have put close to $3.5 trillion dollars into the U.S. economy via the printing press, but the problem is, those dollars don’t trickle down to the consumer.
The outlook for the consumer economy couldn’t be more bearish. Across the board retail outlets such as Dicks Sporting Goods, Macy’s , Wal-Mart, JC Penney are all reporting declines in sales or losses.
The Bureau of Labor statistics claims the unemployment rate is at 4.4%, Outstanding! As of April of 2017, The Fed Rate is 1% near an All-time Low! Great! But everything is not great, is it… Auto Sales are plummeting. With the coming hike in interest rates, sub-prime auto buyers are drying out, and increasing numbers of buyers are starting to default on their debts. Graduating students with loans can’t find employment with the salaries and wages to pay back their debts, thus forcing them to move back home. Something is very wrong, yet the media continues to pretend everything is A-ok.
What are your thoughts and experiences in regards to the U.S. economy, is it improving?
Federal Unemployment Rate: https://data.bls.gov/timeseries/LNS14000000
Federal Funds Rate: https://www.thebalance.com/fed-funds-rate-history-highs-lows-3306135
QE Stimulus: https://www.aei.org/publication/since-2009-feds-qe-purchases-transferred-almost-half-trillion-dollars-treasury-isnt-gigantic-wealth-transfer/
U.S. Subprime Auto Loans: https://www.bloomberg.com/news/articles/2017-03-10/u-s-subprime-auto-loan-losses-reach-highest-level-since-crisis
So true ....and the media's job is to keep you looking the other way.