No, GDP Did Not Advance 2.1%

by Karl Denninger

How stupid are you America?

Answer: Very.

The data says annualized GDP was up 4%.


But from 12/31/2018 to 12/31/2019 federal fiscal expansion was $1.227 trillion.

That is 5.87% and that is actual inflation. That’s right — The Fed is not only lying they are knowingly and intentionally participating in a nearly 6% inflation rate right here and now, and you’re taking it up the ass.

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