The economy is barely hanging on

09 Jul

David Stockman shows the economy is not as robust as the data suggest. 

“The boys and girls on Wall Street are now riding their bikes with no hands and eyes wide shut. That’s the only way to explain Friday’s lunatic buying spree in response to another jobs report that proves exactly nothing about an allegedly resurgent economy.”

Source: Real Jobs Report: Tax Collections Data Suggest US Economy Barely Above Water

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Posted in Central banks, Economy, Employment, Federal Government, Federal Reserve, Politics, Taxes


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