For all we know, recession is already in all the Western
countries. Statistics can be massaged to show there is no recession,
just like job figures. I understand they have changed the formula for
classifying recession. And subsides have been given a new name -
Inflation reduction. Very ingenious indeed!
What about changing
the term 'decoupling' to 'derisking' when everyone knows they mean the
same thing, however much they want to twist and put a spin on it. How
could job data be so wrong by hundreds of millions over several months?
Oh, I forgot the USA is a nation of liars. They openly admitted that
they lie, cheat and steal, didn't they? Would you be brave enough to
trust their figures plucked from the air, just like their currency,
backed by hot air. Just take it that they have their 'exceptionalism' to
do things that others cannot even think of.
USA retail sales
are up, and job creation is said to be solid in November. Now the Fed is
rethinking its interest rate cut. Factors such as consumers already
having advanced knowledge of Trump's tariffs on imports have given a
boost to spending, with consumers trying to avoid having to pay more
when tariffs are imposed. Then there is the year end festive period
adding to the sales boom, needing more workers. Trump will now gloat
about the positive effect of his re-election pushing up jobs and retail
sales. Trump never miss any opportunity to take advantage of any
positive news.
The point is, when the shit hits the fan, he will
definitely push any negative news to poor Biden. Not that Biden cares,
as it is one advantage that he has his dementia to fall back on. But
then, Biden is not going to admit he has dementia, just like a drunk
always claiming he is sober. His dementia resulted in his 'missing in
action' at the G7 and G20. Some said that he was missing from a
photoshoot, having a person to person talk with a tree, LOL.
Anonymous