The only reason for most of these "positive" indicators is artificial
stimulus, malinvestment, and inflation. People point to the bullish stock
market as an indicator of strength in the market. All that rising stock prices
proves is that despite the "low risk of inflation" rhetoric coming from
the mouth of Bernookie and his pals, price inflation is accelerating beyond our
control. Why no mention of the cost of food and fuel? If there are two
indicators that actually matter to Main Street Americans, those are it. But
then, that wouldn't fit Mr. Thredgold's narrative of positivity.
Interest rates are low - for now - but if the debt continues to rise (now at 16
trillion) then that is going to change dramatically.
and the band on the Titantic played merrily on
Thanks for the great article Jeff. It is great to have a "reality
check" and be reminded about how we really live in an amazing moment. If
you spend too much time listening to politicians (from any party), you can
easily get caught up in the constant rhetoric about how our nation is in
decline. These stats are unbiased by political philosophy, and
prove otherwise. Makes me excited to be an American.