Married with Love,Industrial engineer and Factory owner operator, Fan, fiction writer, enjoying the final vacation, Jimmy Carter forced me to become conservative and I enjoy hearing what people think from all around the country
Inflation is falling
Employment is rising
GDP is at historic highs
PPI is dropping
Helene storm damage is taken care of.
THESE ARE ALL SPHERES OF TRUTH.
Like the guy across the street who is in no danger of being laid off while you can't find employment anywhere and a gang of Haitians are cooking your cat.
The truth depends on which narrative the main stream media dwells on.
In my working career I've had to navigate a little explained event several times. You can call it currency tightening, financial slowdown but I call it a money grab.
I like to look at consumer rates vs. investment rates.
The before and after 9-18 fed rate cut in my little sphere.
Before, my wife's credit card went from 21 to 24 percent interest. I really don't give a chit because we use it and pay it the same day.
On the 16th I had 2 $30,000 5.2% cd's mature into cash and the best brokered rate was 4.5%. I take that to mean big money bet on the rate cut and bought up the 5% plus issues before it was announced.
Local banks raised there lending rate about a quarter percent and dropped their investment rate also by a quarter percent.
If my small sampling is national that's a difference of a half percent on the billions of dollars that exchange hands every month.
This is what locks up currency flow and leads to recession.
Retail outlets have to pay more to put items on their shelf which is inflationary. the resulting sticker shock leads to reduced retail activity.
Next look at all the BS that's gone on in the following 3 weeks. Middle east, port strikes, hurricane, border crossing crime. All stuff a half working government would handle without little issue has become fill in the news cycle.
They are either stupid or evil