Wall Street in denial over the economy

Bloomberg/Gary Shilling/9-2/2022

“We know that the US economy is currently weak, but the real economy is really weak, and the Federal Reserve’s commitment to precipitate a recession to curb high inflation will make this reality obvious to seemingly oblivious investors.”

USAGOLD note: Shilling says that what the press is touting as the real picture on the economy is anything but…… The inflation-adjusted numbers, as he details at the link above, tell “a more dire story.”

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