From the WSJ today. This confirms some of the things I've posted about over the last month or two. Average US household income rose 21% in March, when accounting for government payments. Spending is now back up on the trend line, where it was pre-pandemic. The unemployment rate sits at 6.0%, which is down from its high of 14.7% last April. To put it in perspective, the highest unemployment rate seen during the Great Recession was 9.9% in 2009. And it took until 2014 (6 years after the recession started) for the unemployment rate to improve to less than 6%.
Yet, we had a state of the union address the other night where the leader of the country called this the most calamitous economic situation of our time. I get that he and his party just want to continue printing money to buy votes, but I can't believe the nonsense economic narrative they are trying to continue to pull.
Inflation risks and the debts be damned, let's just print another $4T!
www.wsj.com
Yet, we had a state of the union address the other night where the leader of the country called this the most calamitous economic situation of our time. I get that he and his party just want to continue printing money to buy votes, but I can't believe the nonsense economic narrative they are trying to continue to pull.
Inflation risks and the debts be damned, let's just print another $4T!
U.S. Household Income Surged by Record 21.1% in March
Higher income, spending and saving are expected to help power a fast economic recovery in the U.S.
www.wsj.com
