While some data suggests the economy is improving, there is a great deal of evidence that suggests otherwise, according to Forbes.
Consumer prices went up 0.4 percent in the month of February, according to Forbes. Gains from year to year on gas and food prices are up 12 percent and 5 percent, respectively. Over the last 12 months, money supply growth has gone up 10 percent and banks are rapidly buying U.S. treasuries.
The U.S. trade deficit reached $52.6 billion in January, according to the article. That's the highest it's been since October 2008 and is evidence that the nation has fallen back to its bad habits of not producing or saving enough, yet consuming too much. The national debt has surpassed 100 percent of its GDP, after 13 consecutive quarters of paying down debt; households have started re-leveraging their balance sheets. The U.S. economy clearly still has huge problems with debt, as total non-financial debt is at a record high of 250 percent of GDP.
Click to read the full article at Forbes.
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