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Key Gold Headlines

POSTED ON August 3, 2022  - POSTED IN Key Gold Headlines

Despite back-to-back contractions in GDP, President Joe Biden, Fed Chair Jerome Powell, Treasury Secretary Janet Yellen and all of their supporters in the corporate media insist the US economy isn’t in a recession. But the only data they ever point to in order to back up their assertion is the “strong” labor market.

The problem with this spin is the labor market is a lagging indicator and it’s starting to show cracks.

POSTED ON August 3, 2022  - POSTED IN Key Gold Headlines

Personal income from all sources adjusted for inflation — real income — fell for the second straight month in June and was down 1% on the year. But American consumers continue to spend. How can this be?

They’re running up debt at a dizzying pace.

This undercuts the narrative claiming the American consumer is “healthy.”

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