John Rubino is back… National Emergency – McDonalds’ milk shake machines are broken and can’t get fixed. Huge job miss today and GDP estimates are being scaled back. This has become an administration of misses. Across the board loss of confidence. We discussed rising commodity prices. Some of the numbers were absolutely staggering and downright scary. Natgas up 118%. gasoline 85% and the list goes on and on. In a fiat based system loss of confidence is can be fatal, just like the 1970’s. Back then we had double digit interest rates and much less debt. Can tech bail us out, while we’re blowing up the economy? Finance will swamp technology in the short run. Prepare yourself now. It’s coming.
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