Ok, time to set aside the current clustermess in the House of Representatives… because…
there is REALLY good news about the economy!
Inflation is waaaay down…and has been trending that way for months.
Core inflation in August was darn close to the Fed’s 2 percent target, signaling things have vastly improved.
Wages are growing faster than inflation –
which is one reason personal consumption (what people spend, not what businesses and governments spend) remains quite strong… (personal consumption is a major economic driver)
13 million new jobs have been created since mid-January 2021, meaning there are more people working now than…ever.
What does this mean for you?
Don’t let negativity drag you down…Reality is, we are in far better economic shape than we were a few years ago.
Even pre-COVID.
Despite the inverted yield curve. :-) Thanks for the much-needed positivity today, Joe!
Hey Don – that rather unhelpful metric is forever banned from Fridays…until it returns to its un-inverted shape!
be well Joe