Let’s see:
- The average gas price is $3.33. A 33 percent increase.
- Mortgage rate for a 30 year fixed is 3.5%. A 19% increase.
- The DJIA closed at 34,265 on Friday
- Third quarter GDP growth was 2.3%
Categories: economicsPresidency
economics
Supply and Demand
Scott Adams asks how giving homebuyers money will cause home prices to rise. Let me use a real life example to explain how that works. In 2009, Microsoft unveiled a new search engine. To get Read more…
3 Comments
Anonymous · January 21, 2022 at 9:58 pm
Amazing statistics, you were prescient. (I enjoy your blog. Please continue posting.)
Plan Accordingly · January 21, 2022 at 11:33 pm
Year Zero in the Great Reset Leap Forward.
Nothing will remain of the Constitutional Representative Republic as it will be burned to the ground by any means necessary.
When the dollar is like a penny on the ground courtesy of BRICS and the finest faculty lounge government that money can buy, instant equality of results for all in extreme poverty.
SiG · January 22, 2022 at 2:54 pm
The stock market is up 10.7% purely due to the money being cranked into the system by the Federal Reserve simply because it has to end up somewhere. The inflation being created is usually considered between twice and three times what’s being reported, or somewhere in the range of 15 to 20%.
80% of the all dollars in existence were created since January of ’20. A dollar has 60% of the purchasing power it held in January of ’00, and 3% of what it had when the Federal Reserve was created in 1913. That’s what 108 years of Federal Reserve policy gets us.
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