Bloomberg/Gary Shilling/9-2/2022
“We know that the US economy is currently weak, but the real economy is really weak, and the Federal Reserve’s commitment to precipitate a recession to curb high inflation will make this reality obvious to seemingly oblivious investors.”
USAGOLD note: Shilling says that what the press is touting as the real picture on the economy is anything but…… The inflation-adjusted numbers, as he details at the link above, tell “a more dire story.”
