by John Rubino
Dollar Collapse
A lot of headline numbers show an economy that’s in pretty good shape. Official unemployment is 5%. GDP is growing at a totally acceptable 3% rate. Stocks are at all-time highs. Bonds, from US Treasuries to corporate junk, are priced as richly as they’ve ever been. These are all signs of robust health.
Until you remember that the cost of achieving this kind of statistical nirvana keeps rising. Just a couple of many possible examples: With messed up supply chains producing a shortage of new cars, used car prices are soaring, which forces buyers to finance amounts that can’t help but strain family budgets. Remember, this is for used cars: