Last week the economic data caught up with the public mood. Annualized US GDP for Q1 was only up by +1.6%, far below the analysts 2.5% average consensus for growth. Combined with the personal consumption expenditure coming in hot at +3.7%, America is on the cusp of 1970s style stagflation.
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Voters are Really Angry About the Biden…
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Last week the economic data caught up with the public mood. Annualized US GDP for Q1 was only up by +1.6%, far below the analysts 2.5% average consensus for growth. Combined with the personal consumption expenditure coming in hot at +3.7%, America is on the cusp of 1970s style stagflation.