July’s US Industrial Production … Returns To 2007 Levels Despite Staggering Fed Monetary Stimulus And Federal Government Spending Spree – Confounded Interest – Anthony B. Sanders

Well, its now August 2023 and US Industrial Production for July increased … to 2007 levels. This comes after the massive spending out of Washington DC and massive Federal Rerserve stimulus.

Is that all there is??

US Industrial Production is DOWN -0.23% YoY while up slightly in MoM terms.

As I said a couple of days ago, the Obama/Biden economic model is a Soviet/Chinese Communist Party (CCP) style of COMMAND economics, not free market DEMAND economics.

As if dimwitted Mean Joe Biden has a clue.