Ominous economic signs as lockdown hangover looms
by Zero Hedge
Info Wars
With the Federal government supercharging the US consumer with now periodic massive stimulus payments – $900 billion here and $1.9 trillion there – and universal basic income handouts, it’s hardly a surprise that the US economy, where the government is now responsible for a staggering 27% of all personal income is redlining to the point of overheating as Goldman found recently when its latest Goldman Sachs Analyst Index (GSAI) which provides a snapshot perspective on the US economy, hit an all time high.
None of this is a surprise: when money literally drops from the sky, it would be a miracle if the economy wasn’t overheating. The question is what happens when the party stops. Unfortunately for some 11 million people, the hangover will be a disaster.