You cannot ignore economic reality.

[golditiki2]

that's exactly what is happening now in Finland. The crappy but popularformer government got inflation red hot and now they are harrassing the new government by digging up 15 year old rude comments some members of the government have sometime been writing about immigrated southerners.

If prices go up from 5 to 6 euros, on almost every small daily consumptionitem, that is a 20 percent inflation and far bigger than officially pretended, Here prices are just rising because they know people have lost their bargaining stance. They all moan but pay.

I think many will be wondering where they jobdesk is when they return from vacation.

Golditiki2+++

[brutus2]

How do you make an ailing economy look good.

Well partner, you give it a good old fashion dose of fiscal stimulus.

Cannot let it be said that old Biden was letting us down. ( like what was happening in 1st half of 2022.) ( negative GDP)

So why is market taking off this year and big multinationals reporting okay profits.

Well partner, who is the biggest customer of the multinationals You guessed it the government

Add to that, by goosing the average Joe to keep buying stuff, even though their disposable income is down and presto - you get positive GDP and a decent shot in the election.
( certainly a better than 0 shot, which it would be in a significant recession)

First 6 months of this year show a deficit of 971 billion vs the first 6 months of 2022 which was only 137 billion.

Also the " borrowing from the public" was 823 billion in June alone. This was the second biggest monthly borrowing in US history, only surpassed by April 2000.

I keep listening to the news to find out what the enormous catastrophe was for this type of borrowing, in a reported Goldilocks economy.

Guess I am just not tuned into the right channel as all I hear is blue skies.


Great chart attached, reporting each month summary for many decades. From the horses mouth.


chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.fiscal.treasury.gov/files/reports-statements/mts/mts.pdf

[redraspberry]

My SS checks have been coming early. What's the deal? Usually the 4th Wed of the month. The last two months it's the third Friday.

[brutus2]

How do you make an ailing economy look good.

Well partner, you give it a good old fashion dose of fiscal stimulus.

Cannot let it be said that old Biden was letting us down. ( like what was happening in 1st half of 2022.) ( negative GDP)

So why is market taking off this year and big multinationals reporting okay profits.

Well partner, who is the biggest customer of the multinationals You guessed it the government

Add to that, by goosing the average Joe to keep buying stuff, even though their disposable income is down and presto - you get positive GDP and a decent shot in the election.
( certainly a better than 0 shot, which it would be in a significant recession)

First 6 months of this year show a deficit of 971 billion vs the first 6 months of 2022 which was only 137 billion.

Also the " borrowing from the public" was 823 billion in June alone. This was the second biggest monthly borrowing in US history, only surpassed by April 2000.

I keep listening to the news to find out what the enormous catastrophe was for this type of borrowing, in a reported Goldilocks economy.

Guess I am just not tuned into the right channel as all I hear is blue skies.


Great chart attached, reporting each month summary for many decades. From the horses mouth.


chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.fiscal.treasury.gov/files/reports-statements/mts/mts.pdf

I meant 2020 April was the largest monthly borrowing from public. Obvious reason.

[brutus2]

My SS checks have been coming early. What's the deal? Usually the 4th Wed of the month. The last two months it's the third Friday.

A week can be a long time going hungry Red. I am sure that is what it must be about ( sarcasm)

[ynot2k]

My SS checks have been coming early. What's the deal? Usually the 4th Wed of the month. The last two months it's the third Friday.

SS on 3rd Wednesday, no change as of now.

[ynot2k]

How do you make an ailing economy look good.

Well partner, you give it a good old fashion dose of fiscal stimulus.

Cannot let it be said that old Biden was letting us down. ( like what was happening in 1st half of 2022.) ( negative GDP)

So why is market taking off this year and big multinationals reporting okay profits.

Well partner, who is the biggest customer of the multinationals You guessed it the government

Add to that, by goosing the average Joe to keep buying stuff, even though their disposable income is down and presto - you get positive GDP and a decent shot in the election.
( certainly a better than 0 shot, which it would be in a significant recession)

First 6 months of this year show a deficit of 971 billion vs the first 6 months of 2022 which was only 137 billion.

Also the " borrowing from the public" was 823 billion in June alone. This was the second biggest monthly borrowing in US history, only surpassed by April 2000.

I keep listening to the news to find out what the enormous catastrophe was for this type of borrowing, in a reported Goldilocks economy.

Guess I am just not tuned into the right channel as all I hear is blue skies.


Great chart attached, reporting each month summary for many decades. From the horses mouth.


chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.fiscal.treasury.gov/files/reports-statements/mts/mts.pdf

I looked at the link and will say that is a lot of numbers. I much prefer your commentary on them vs trying to understand them.

It donged on me that given money is created when debt is, then when the government goes into debt money is created. (yeah, I know. I claim the age card.)

But the coolest thing about this debt is that it is special. It never gets paid so the money never gets taken out of the economy. What I don't know is if that is a good thing or a bad thing. On the surface, given that it has and will continue to grow it seems inflationary.

[Markpti]

I looked at the link and will say that is a lot of numbers. I much prefer your commentary on them vs trying to understand them.

It donged on me that given money is created when debt is, then when the government goes into debt money is created. (yeah, I know. I claim the age card.)

But the coolest thing about this debt is that it is special. It never gets paid so the money never gets taken out of the economy. What I don't know is if that is a good thing or a bad thing. On the surface, given that it has and will continue to grow it seems inflationary.

I've been studying biology (specifically cellular). So I've learned the biological connection of all this.

To answer your questions, it's both good and bad. In 2020 the shut down should have thrown us all into deprivation (for some it did). The monetary inflation (throwing many into depravation anyway ) keep us all "afloat". More of it all keeps us in homofloatsis. Pumpsusupsis is a pathogen we depend upon. In medical circles it's called dependsuponsus. All we need now is "pensionscollapsus virus to propagate.

[Markpti]

I looked at the link and will say that is a lot of numbers. I much prefer your commentary on them vs trying to understand them.

It donged on me that given money is created when debt is, then when the government goes into debt money is created. (yeah, I know. I claim the age card.)

But the coolest thing about this debt is that it is special. It never gets paid so the money never gets taken out of the economy. What I don't know is if that is a good thing or a bad thing. On the surface, given that it has and will continue to grow it seems inflationary.

OOOPPSSS! Duplicate. Ignore what follows.

What follows!

[ynot2k]

I've been studying biology (specifically cellular). So I've learned the biological connection of all this.

To answer your questions, it's both good and bad. In 2020 the shut down should have thrown us all into deprivation (for some it did). The monetary inflation (throwing many into depravation anyway ) keep us all "afloat". More of it all keeps us in homofloatsis. Pumpsusupsis is a pathogen we depend upon. In medical circles it's called dependsuponsus. All we need now is "pensionscollapsus virus to propagate.

I'm sure I would have known that except it wasn't covered in my GED preparation classes. But it makes total sense.