America’s Stagflationary Mess—The Bastard Son Of MAGA, Part 1

There can be no doubt that the US economy is struggling with a serious bout of stagflation, and that’s notwithstanding the foul ball GDP print for Q3 2023. Fully half of the reported 4.9% annualized real GDP gain was due to a huge inventory build-up (+1.32%), health care (+0.33%) and government spending (+0.79%). We’d suggest […]
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