If they repeat a lie enough times they will say it’s a truth! But they know better!! So do the people who are trying to make ends meet! Inflation is the tax that the Biden regime has promised not to raise taxes on 400,000$ and less! He’s taxing all of the people in America! Inflation is excess money printing! He’s taxing the money in our pockets by making it worth less!
1. US debt has risen a cool $1 trillion in Q1. The last day of the quarter it rose 89 billion!...in one day.
2. At that pace we will eclipse $37 trillion by year end and $40 trillion by the end of 2025
3. Those numbers are 2 years early vs. CBO's forecast
4. The only thing allowing America to maintain that level of debt is because the dollar has a global monopoly
What would happen if China or the Arabs took money out of the US?
It doesn't look good, Chinas treasury holdings are flat since 2009. What's even more scary is since the plandemic, according to the IMF (World Gold Reserve) worlds sovereign nations have been panic-buying gold at a parabolic rate. The proof in the pudding, is that the delta between World Treasury Reserves (Fed Custody) and IMF (World Gold Reserve) is as much as World Treasury Reserves (Fed Custody) was just before the plandemic. Prior to that both plotted relative to each other for decades.
Can anyone spell QUADRILLION...all together.
Nah just kidding...this is heading to another confiscation like The Gold Reserve Act of 34'. Except this time it won't be gold they confiscate and disallow banks from converting to dollars. It'll be assets people thought they owned but don't because they are tokenized by fiat.
Wait until they use those money tree printers to reclaim those assets from the American public...
Oh, side question remember when endless Western sanctions were supposed cause economic collapse in Russia...hmmmm....another lie.
I'd like to believe it's just a disconnect between wall street and main street...but that would be misinformation as well.
What it is, is a ponzi scheme where they're at the top and retail investors make up everything else in the pyramid....while at the same time those at the top already know when they're going to sell.
I want to write some insightful and pithy comment about Krugabe, but the reality is I don't have the time to waste on the court jesters any more. When the economy breaks and Pauly Krugnuts has to fight his cat for cans of Fancy Feast, it will be a just world.
What is particularly interesting and mysterious is what has and is happening to the real estate market. There also seems to be a growing wealth gap, because someone is buying property voraciously, and it doesn’t seem to be the middle class.
It's been a *very* long time since Krugman was a credible economist.
His decades-long stint as NYTimes columnist (since 2000, I think) is the clue. Does being on the Pravda masthead burnish your reputation for fearless truth telling? Or does it out you as an eager (if more skilled than average) regime lackey?
I picture the economy as the arc of a rainbow with the pot of gold at the starting end, surrounded by leprechauns unicorns and cornucopias, colorfully arching up then turning down becoming shades of gray ending in a crock of shit.
The cat's stats are awsome. In addition, although this may not be a big deal, monsieur Paul engages in one of the most common practices of "lying with statistics"; in his figure, he starts the "y" axis in "100" instead of "0". When you do that, it makes relatively small changes appear as huge. Paul certainly knows this. The "y" axis should always start in "0", like the cat did.
Anyway, in this case this is not a major issue, because the lie, as Gato pointed out, is in the manner he used to compare the two periods.
I truly do believe this - there's a new production company where all these former formidable experts (which are now has-beens and cannot let go and relinquish the spotlight) can be pimped out to spread these nefarious lies. I look at all these pundits who are so far beyond their expiration date and think to myself - don't you have grandchildren somewhere? It's not only Krugman but Jeffery Sachs and John Mearsheimer, just to name a few. Now you have Nuland popping up again and then of course Hillary who will never surrender although thankfully Bill knows his boundaries. Every single one of them knows everything they spew is total bullshit but they're just so desperately pathetic to remain relevant.
Although I share Judge Napolitano's indignation - I think all of them (Krugman et al) are controlled opposition - captured. What became of Andrews sex scandal that he was able to return unscathed? Krugman - typical Water Boy.
Krugman is no intellectual economist. I have an MS-Econ from a large university, awarded before woke, Affirmative Action, & DEI shat in the higher edumacation swimming pool. I think I'm in a position to judge more than the average person might be.
Go read the "study" that "earned" him a Nobel...right before Chicago Jesus and his Band of Fundamental Transformatives took over. It could be written by a 200-level undergrad econ student. To summarize: "Corporations put factories close to cost-effective transportation access. Look! Data!" I mean, WTF! Duh!
That Nobel was awarded to give Comrade Krugman some sort of gravitas while he sung the praises of Husseins' "fundamental transformation."
There isn't even an actual Nobel for economics -- rather it's an award from a Swedish bank created in the 60s, the "Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel." Somehow though they invariably fail to mention that when regaling us with the prestigious careers of Krugman and his ilk.
If there ever was a human walking the planet that needed to return a Nobel it's Krugman (though Obama is running neck n neck)... I do not think there has been any one single person who has been wrong so often and so consistently... If poor economics and general predictions was an Olympic Sport Krugman would be wearing Gold, Silver & Bronze all at the same time...
Thank you for computing that. While I was alive in the Reagan era, I was 9yrs old in month 39 and did not own my own business quite yet. Just wanted to make sure I (and my employees) were not imagining the relative boom times during Trump....I believe Nancy Pelosi said the Trump tax cuts would hurt everyday Americans, but it was nothing like the negative real DPI that Biden has brought onto the masses. Actually the opposite. All of my blue collar employees' checks went up overnight thanks the the Trump tax cuts. While the 'rich' got SALT deductions capped (remember the blue states howling?) and other tax write-offs eliminated. This is the recent memory of the good ol' days that will hopefully drive this election, not comparisons to Reagan that Team Brandon are trying to erroneously highlight. Krugman wouldn't use Trumps numbers for comparison though, since CPI had the same definition....
A little known fact about Paul Krugman, he championed the sub prime housing bubble resulting in the Great Recession. It was entertaining watching him try to squirm out from under his pontification which was much harder to do in 2008. We had to raise our employees pay an average of 30% over the last two years to compensate for the BS that was Covid printed money and shutdowns. The gorilla in the room is the 35 trillion dollar debt and unfunded entitlements that aren’t going away. Math is a bitch.
I’m going to do it again June 1st. I’m paying close attention to rental rates, food prices, etc. In 2019, my men were able to afford to live a decent life on around 50k to start with more experienced men earning 70k. Now, I feel compelled to start somewhere close to 70 k with equipment operators and superintendents earning 100k. Thankfully, the area I live in is experiencing a construction boom which makes it all possible.
If they repeat a lie enough times they will say it’s a truth! But they know better!! So do the people who are trying to make ends meet! Inflation is the tax that the Biden regime has promised not to raise taxes on 400,000$ and less! He’s taxing all of the people in America! Inflation is excess money printing! He’s taxing the money in our pockets by making it worth less!
They can't lie about this:
1. US debt has risen a cool $1 trillion in Q1. The last day of the quarter it rose 89 billion!...in one day.
2. At that pace we will eclipse $37 trillion by year end and $40 trillion by the end of 2025
3. Those numbers are 2 years early vs. CBO's forecast
4. The only thing allowing America to maintain that level of debt is because the dollar has a global monopoly
What would happen if China or the Arabs took money out of the US?
It doesn't look good, Chinas treasury holdings are flat since 2009. What's even more scary is since the plandemic, according to the IMF (World Gold Reserve) worlds sovereign nations have been panic-buying gold at a parabolic rate. The proof in the pudding, is that the delta between World Treasury Reserves (Fed Custody) and IMF (World Gold Reserve) is as much as World Treasury Reserves (Fed Custody) was just before the plandemic. Prior to that both plotted relative to each other for decades.
Can anyone spell QUADRILLION...all together.
Nah just kidding...this is heading to another confiscation like The Gold Reserve Act of 34'. Except this time it won't be gold they confiscate and disallow banks from converting to dollars. It'll be assets people thought they owned but don't because they are tokenized by fiat.
Wait until they use those money tree printers to reclaim those assets from the American public...
Oh, side question remember when endless Western sanctions were supposed cause economic collapse in Russia...hmmmm....another lie.
Yeah, the truth is out there but that’s not what our liar in chief says every time we hear him mumble about his economy!
Agree. Pretty sure economic collapse is the only thing that will clear the brain fog of the American public
I enjoy watching Bloomberg and CNBC spew financial misinformation everyday. Everything is booming...!!
I'd like to believe it's just a disconnect between wall street and main street...but that would be misinformation as well.
What it is, is a ponzi scheme where they're at the top and retail investors make up everything else in the pyramid....while at the same time those at the top already know when they're going to sell.
Amen! The national debt is a threat to our national security.
Stop that monetarism stuff!
They burned those books!
https://tinyurl.com/ywjpc36f
I want to write some insightful and pithy comment about Krugabe, but the reality is I don't have the time to waste on the court jesters any more. When the economy breaks and Pauly Krugnuts has to fight his cat for cans of Fancy Feast, it will be a just world.
Only if the cat wins.
****
Nope, no Fancy Feast for Paul… Dry Meow Mix!!!
Not for the cat.
oh please. like we couldn't take that guy...
You'd have to, of course. But it's not right any cat should need to.
don't worry about Krugabe, the regime pays all it's lackeys well...one of the reasons why inflation is so high for the rest of us.
Comment, Krugman, insightful AND pithy; Pfft.
What is particularly interesting and mysterious is what has and is happening to the real estate market. There also seems to be a growing wealth gap, because someone is buying property voraciously, and it doesn’t seem to be the middle class.
BlackRock hugely, but other billionaire entities as well, have been busily scarfing up real estate all over the world in recent years.
Probably to sell to China? 🤷♀️
Here in the Seattle neighborhoods it literally is China (Chinese nationals) buying houses hand over fist.
My daddy’s Chinese nationals here in Vancouver can beat your daddy’s Chinese nationals at house buying in Seattle.
And Bill Ghate$ scarfing up farmland in his private fief.
And China. What could go wrong?
REIT's?
Pissing on our collective legs and telling us it’s raining….
I thought it was "Pissing in a glass and calling it Granma's Lemonade".
Like!
****
It's been a *very* long time since Krugman was a credible economist.
His decades-long stint as NYTimes columnist (since 2000, I think) is the clue. Does being on the Pravda masthead burnish your reputation for fearless truth telling? Or does it out you as an eager (if more skilled than average) regime lackey?
C'mon man!
I don't ever recall Krugman being a credible economist. He has been spouting Keynesian nonsense since he came out of the womb!
Wasn't he screaming about the imminent ice age in the 70s?
New Yorkskaya Pravda!
Thanks Stat Cat!
I picture the economy as the arc of a rainbow with the pot of gold at the starting end, surrounded by leprechauns unicorns and cornucopias, colorfully arching up then turning down becoming shades of gray ending in a crock of shit.
Great imagery!
The cat's stats are awsome. In addition, although this may not be a big deal, monsieur Paul engages in one of the most common practices of "lying with statistics"; in his figure, he starts the "y" axis in "100" instead of "0". When you do that, it makes relatively small changes appear as huge. Paul certainly knows this. The "y" axis should always start in "0", like the cat did.
Anyway, in this case this is not a major issue, because the lie, as Gato pointed out, is in the manner he used to compare the two periods.
I truly do believe this - there's a new production company where all these former formidable experts (which are now has-beens and cannot let go and relinquish the spotlight) can be pimped out to spread these nefarious lies. I look at all these pundits who are so far beyond their expiration date and think to myself - don't you have grandchildren somewhere? It's not only Krugman but Jeffery Sachs and John Mearsheimer, just to name a few. Now you have Nuland popping up again and then of course Hillary who will never surrender although thankfully Bill knows his boundaries. Every single one of them knows everything they spew is total bullshit but they're just so desperately pathetic to remain relevant.
I think it's just a booking agent with a rolodex.
Although I share Judge Napolitano's indignation - I think all of them (Krugman et al) are controlled opposition - captured. What became of Andrews sex scandal that he was able to return unscathed? Krugman - typical Water Boy.
Don’t forget that other economist dipshit, Robert Reich.
I forgot about the pigmy - touché!
Krugman is no intellectual economist. I have an MS-Econ from a large university, awarded before woke, Affirmative Action, & DEI shat in the higher edumacation swimming pool. I think I'm in a position to judge more than the average person might be.
Go read the "study" that "earned" him a Nobel...right before Chicago Jesus and his Band of Fundamental Transformatives took over. It could be written by a 200-level undergrad econ student. To summarize: "Corporations put factories close to cost-effective transportation access. Look! Data!" I mean, WTF! Duh!
That Nobel was awarded to give Comrade Krugman some sort of gravitas while he sung the praises of Husseins' "fundamental transformation."
There isn't even an actual Nobel for economics -- rather it's an award from a Swedish bank created in the 60s, the "Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel." Somehow though they invariably fail to mention that when regaling us with the prestigious careers of Krugman and his ilk.
I did not know that; thank you. I love to see experts showing the clay feet of “experts.”
***
Democracy = Government = Endless Lies
If there ever was a human walking the planet that needed to return a Nobel it's Krugman (though Obama is running neck n neck)... I do not think there has been any one single person who has been wrong so often and so consistently... If poor economics and general predictions was an Olympic Sport Krugman would be wearing Gold, Silver & Bronze all at the same time...
Not even a participation trophy for him.
“Bedtime for Brandon”
Catchy.
Deadtime for Brandon? Gravetime for Brandon? No time for Brandon!
"bearded baron of baldfaced balderdash"
And tight out of the chute, a beauty.
"you cannot prevaricate your way to popular perception of prosperity"
A lot of suspicious alliteration going on around here today.
acerbic alliterative aspirations against atypically abysmal academics.
Ah, a cunning conspiracy to coerce countless cretins into courting chaos.
Came for Stats with Cats. Keep coming back for the Alliteration.
A man with his priorities straight!
Reagan did not have $6 trillion bucks printed and added to the federal reserve balance sheet!
For Bill Clinton they said "it's the economy stupid"
Krugman and the dems now say "it's a good economy stupid".
The cherry picking and gaslighting!
El Gato, For good measure, what are Trumps numbers thru 39 months?
good question.
i added an addendum to the piece.
***addendum because people are asking:
trump first 39 months:
+10.25% rDPI, +3.9% growth rate vs year ago at 39th month
+8.09% per capita rDPI, +3.4% growth rate vs year ago at 39th month
so, not quite reagan numbers, especially given what reagan had to start with, but good numbers, certainly better ones than biden.
Thank you for computing that. While I was alive in the Reagan era, I was 9yrs old in month 39 and did not own my own business quite yet. Just wanted to make sure I (and my employees) were not imagining the relative boom times during Trump....I believe Nancy Pelosi said the Trump tax cuts would hurt everyday Americans, but it was nothing like the negative real DPI that Biden has brought onto the masses. Actually the opposite. All of my blue collar employees' checks went up overnight thanks the the Trump tax cuts. While the 'rich' got SALT deductions capped (remember the blue states howling?) and other tax write-offs eliminated. This is the recent memory of the good ol' days that will hopefully drive this election, not comparisons to Reagan that Team Brandon are trying to erroneously highlight. Krugman wouldn't use Trumps numbers for comparison though, since CPI had the same definition....
The fly in that soup is the covid lock downs plandemic.
Better than Biden’s, rest assured. We all lived it and know that to be true.
A little known fact about Paul Krugman, he championed the sub prime housing bubble resulting in the Great Recession. It was entertaining watching him try to squirm out from under his pontification which was much harder to do in 2008. We had to raise our employees pay an average of 30% over the last two years to compensate for the BS that was Covid printed money and shutdowns. The gorilla in the room is the 35 trillion dollar debt and unfunded entitlements that aren’t going away. Math is a bitch.
just checked- I raised my employees wages 27% to cover inflation.
I’m going to do it again June 1st. I’m paying close attention to rental rates, food prices, etc. In 2019, my men were able to afford to live a decent life on around 50k to start with more experienced men earning 70k. Now, I feel compelled to start somewhere close to 70 k with equipment operators and superintendents earning 100k. Thankfully, the area I live in is experiencing a construction boom which makes it all possible.
****