shadowstats.com
June 28th, 2023
(June 28th) U P D A T E D .. P O S T I N G .. S C H E D U L E .. Special Economic Commentary No. 1461 should posted over the pending, extended July 4th holiday weekend. It will cover the June 29th and 30th month-end GDP and Sentiment releases. Check here for late details. Subscribers will receive a direct e-mail notification of the posting, along with a link and login details.
In context of a rapidly evolving and deepening economic downturn, along with meaningful and still-pending, resurgent inflation, the new missive will assess the latest Money, Inflation and Economic details in context of the Federal Reserve’s conflicted approach to containing Inflation, hiking rates in an already faltering economy, while fueling its Banking System with enough liquidity to keep it from collapse or bank runs, during these difficult times.
At the same time, where Uncle Sam had been playing Russian Roulette with the Federal Deficit and Debt Ceiling, that was partially resolved, simply by eliminating the Debt Ceiling. Yet, no action has been taken, and none appears likely in the foreseeable future, to contain unfettered Federal Government Deficit Spending, going forward or otherwise, let alone addressing the concept of establishing long-term solvency and/ or financial stability guidelines for U.S. Government’s fiscal operations. Again, broadly, the current U.S. Economy is in a rapidly deteriorating and intensifying economic downturn, amidst still unfolding, resurgent inflation pressures driven by Federal Reserve money creation. The Fed also is looking still to hike interest rates, which also would help to crash the economy further, but not to contain the money-supply driven inflation. The Administration and Congress appear to be absent from providing meaningful help, having just exacerbated the circumstance by eliminating the Debt Ceiling.
The next Subscriber-Only E-mail Update is pending, reviewing the May 2023 current money numbers. Today’s June 28th DAILY UPDATE is being posted at 10:00 p.m. ET.
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